22-Unit Multi-Family Lake Wales, FL 33853
9 Units @ 2 bedrooms
13 Units @ 1 bedrooms
$800 (2 bedrooms)
$700 (1 bedrooms)
Current Rent Income:
Expenses Paid by Owner:
Fantastic Opportunity in Lake Wales to own 22-Units at 11.5% CAP with room to raise the rents! This is 4 buildings with 5 or 6 units in each. 9 Units are 2 bedrooms, while the other 13 are 1 bedrooms. Market Rents for 2 bedrooms are $800, for 1 bedrooms are $700. The landlord pays for water on this property @ $1,100/mo along with partial payments on Electrical (common areas) and trash, everything else is paid by the tenants. Taxes are $13,000/yr. One roof needs to be replaced.
Available on 10.22.2020
Don’t let this excellent opportunity pass you by! Get it yours now!
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The sale of these Properties may be contingent upon a successful close by the Buyer under Contract with the Current Owner. Seller may not be the owner of record of the applicable court jurisdiction; however, the Seller holds equitable interest in the property along with the owner of record and such interest is documented through an executed Purchase and Sale Agreement