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22-Unit Multi-Family Lake Wales, FL 33853 Assigned

  • $1,254,990
  • 31 beds
Assigned

22-Unit Multi-Family Lake Wales, FL 33853

9 Units @ 2 bedrooms
13 Units @ 1 bedrooms

Market Rents:
$800 (2 bedrooms)
$700 (1 bedrooms)

Current Rent Income:
$13,775/mo
Expenses Paid by Owner:
$2,475/mo

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!

Make An Offer On This Property

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DISCLAIMER: florida investor deals does not own these properties nor does florida investor deals hold itself out to represent the owners of these properties. These are not florida investor deals listings. Values are strictly an opinion. Consult an appraiser for true values. florida investor deals disclaims all liability for the actions or inactions taken or not taken as a result of communications from or to its officers, directors, and members.

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

Price:
$1,254,990
Address:
Lake Wales, Florida 33853
Bedrooms:
31
Terms:
Assignment of Contract
Property Type:
Multi-family

Additional Features

22-Unit Multi-Family Lake Wales, FL 33853. Amazing opportunity to own this home in a very desired location. Great investment Property is on an over-sized lot, larger than other properties close by. Don't miss out on the endless possibilities that this home has to offer.

Call (954) 280-5883 for more details