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$799,000

315 Ridge Manor Drive Lake Wales, FL 33853 Multi Unit - Multiple Active

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Description

Exceptional 11-Unit Income Opportunity with Strong Rental Appeal!Don't miss this unique mixed-unit multifamily property offering a versatile unit mix designed to attract a wide range of tenants and help minimize vacancies. With all 11 units currently occupied and long-term leases in place, this property provides immediate and stable income for the savvy investor.Ideally located with convenient access to schools, shopping, medical facilities, and major travel routes including Hwy 27 and SR 60, tenants enjoy easy north/south/east/west commuting-making this a highly desirable rental location.Recent improvements include a new roof and new septic drainfield, offering added peace of mind and reduced near-term capital expenses.Whether you're expanding your portfolio or seeking your first solid, income-producing asset, this property checks all the boxes. Private showings are now being scheduled-secure your opportunity today!

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: Wall/Window Unit(s)
Heating: Electric, Space Heater
Lot Size: 0.79 Acres
Roof Type: Other, Shingle
Stories: 1.0
Taxes: $9,928
Year Built: 1926

General Information

Bedrooms: 6
Sqft: 5,030
County: Polk
Subdivision: RIDGE MANOR
Listed By:
Dolores Vogel LEGACY REAL ESTATE CENTER INC 863-676-0200

Amenities

Window Treatments
Storage

Property Features

Annual Net Income: 42841.00
Days on Site: 5
Directions: From Hwy 27 travel south to Lake Wales, turn east onto Central Ave, turn right onto First Street, turn left onto Ridge Manor Drive, property is on the corner of Exmor and Ridge Manor Drive.
Exterior: Stucco, Frame
Fireplace: Living Room
Fireplace Y/N: Yes
Flood Zone Code: X
Foundation: Crawlspace
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional
Lot Dimensions: 0.79
Ownership: Fee Simple
Patio/Porch: Patio, Porch, Screened
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Septic Tank
Showing Instructions: 24 Hour Notice, Appointment Only, Listing Agent Must Accompany
Special Sale Provisions: None
Units: 11
Utilities: Electricity Connected, Propane, Public
Water: Public
Water Access Y/N: No
Zoning: R-2
$799,000
6beds
5,030sqft
New to the Market Active
BEDS6 BATHS SQUARE FEET5,030 MLS#K4903360
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONRIDGE MANOR

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315 Ridge Manor Drive , Lake Wales, FL 33853.

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Estimated Payment

$ 3,755.27 per month $2,694.89 Principal & Interest $827.33 Property Tax $233.04 Homeowner's Insurance

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