236 Washington Avenue

Lake Wales, FL 33853

$800,000
Price
15
Beds
4,123 Sq. Ft.
$194 / Sq. Ft.
4,123
Sq. Ft.
$194
per Sq. Ft.

Description

Amazing opportunity to expand your real estate holdings in fast-growing central Florida. Lake Wales is among the most robust and exciting cities for investment opportunities, with the city and surrounding Polk County expanding rapidly. This 8-plex is always at capacity in a single-story, single building complex. The major systems of the home have all been recently upgraded. The roof is BRAND NEW, along with the sewer line and many windows. Complex was completely remodeled with electric and plumbing...Amazing opportunity to expand your real estate holdings in fast-growing central Florida. Lake Wales is among the most robust and exciting cities for investment opportunities, with the city and surrounding Polk County expanding rapidly. This 8-plex is always at capacity in a single-story, single building complex. The major systems of the home have all been recently upgraded. The roof is BRAND NEW, along with the sewer line and many windows. Complex was completely remodeled with electric and plumbing in 2022, and has provided steady cash flow. Complex is built to last with concrete block exterior construction on a concrete foundation, not raised. Tenants pay for their own electric and water, so expenses are minimal. Low property taxes and 1031 exchange opportunity.
  1. Listed by Erich Spivey • ALABAMA LLC

Property Details for 236 Washington Avenue

Subdivision Name
LAKE WALES LAND CO SUB
Township
29
Waterfront
No
LISTING UPDATED: 11/02/2024 01:30 PM

Property Details for 236 Washington Avenue

StatusActive
MLS #O6234192
Days on Market98
Taxes$1,556 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1950
Lot Size0.35 AC / 15,355 SF
CountyPolk County

Building Information for 236 Washington Avenue

Stories-Residences8Year Built1950Building Size-Lot Size0.35 AC / 15,355 SF

Property Information for 236 Washington Avenue

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 4825.0
  • Building Area Units: Square Feet
  • Directions: Take US Highway 27 South to Washington Ave, turn L. Drive .7 miles and the complex is at the intersection of Washington and C St.
  • Mls Major Change Type: Price Increase
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 236
  • Street Name: WASHINGTON
  • Street Suffix: AVENUE
  • State: FL
  • City: LAKE WALES
Parking
  • Available For Lease: Yes
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association Approval Required: No
  • Association: No
  • CDD: No
  • Tax Block: 3
  • Tax Book Number: 5-11
  • Tax Legal Description: LAKE WALES LAND CO SUB PB 5 PG 11 BLK 3 LOTS 17 & 18
  • Tax Lot: 17
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Lot Features: Corner Lot, Street Paved
  • Lot Size Dimensions: 114x134
  • Parcel Number: 27-29-35-879000-003170
  • Total Acreage: 1/4 to less than 1/2
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Zoning: R-3
  • Living Area: 4123
  • Lot Dimensions: 114x134
Property and Assessments
  • Year Built Numeric: 1950
  • Flood Zone Code: X
  • New Construction: No
  • Public Survey Range: 27
  • Public Survey Section: 35
Utilities
  • Green Energy Efficient: Windows
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Num Electric Meters: 8.0
  • Num Water Meters: 8.0
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block
  • Exterior Features: Courtyard
  • Foundation Details: Block
  • Levels: One
  • Patio And Porch Features: Covered, Front Porch, Rear Porch
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Security Features: Smoke Detector(s)
  • Spa: No
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 15
  • Appliances: Convection Oven, Electric Water Heater, Refrigerator
  • Cooling: Wall/Window Unit(s)
  • Fireplace: No
  • Flooring: Tile
  • Heating: Electric
  • Interior Features: Open Floorplan
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $79,550.00
  • Unit Count: 3
Unit 1
  • Unit Type Baths Total 1: 2
  • Unit Type Beds Total 1: 2
  • Unit Type Heated Sq Ft 1: 742
  • Unit Type Number Of Units Occupied 1: 1
  • Unit Type Pro Forma 1: 950
  • Unit Type Type 1: 2 Bed/2 Bath
  • Unit Type Units Total 1: 1
Unit 2
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 2
  • Unit Type Heated Sq Ft 2: 600
  • Unit Type Number Of Units Occupied 2: 6
  • Unit Type Pro Forma 2: 850
  • Unit Type Type 2: 2 Bed/1 Bath
  • Unit Type Units Total 2: 6
Unit 3
  • Unit Type Baths Total 3: 1
  • Unit Type Beds Total 3: 1
  • Unit Type Heated Sq Ft 3: 600
  • Unit Type Number Of Units Occupied 3: 1
  • Unit Type Pro Forma 3: 750
  • Unit Type Type 3: 1 Bed/1 Bath
  • Unit Type Units Total 3: 1
Rental
Rental Information
  • Tenant Pays: Electricity, Water
  • Total Actual Rent: $5,692
  • Minimum Lease Period: 0
  • Pets Allowed: Yes

Property History for 236 Washington Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 236 Washington Avenue

Taxable ValueLand-Additions-Total-
Tax Record2023$2,133 ($178 / month)
Home Facts
Total Finished SqFt4,123 SqFtAbove Grade Finished SqFt4,123 SqFtStories1Lot Size15,355 SqFtStyleMulti-Family Dwelling (2-4)Year Built1950Year Renovated1971CountyPOLKAPN272935879000003170

Schools near 236 Washington Avenue

This home is within Polk.
Rating
School
Type
Grades
Distance
Spook Hill Elementary School
Public - PK to 5
Bartow Elementary Academy
Public - K to 5
Union Academy
Public - 6 to 8
Mclaughlin Middle School And Fine Arts Academy
Public - 6 to 10
Rating
School
Distance
Spook Hill Elementary School
PublicPK to 5

Bartow Elementary Academy
PublicK to 5

Union Academy
Public6 to 8

Mclaughlin Middle School And Fine Arts Academy
Public6 to 10

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 236 Washington Avenue, Lake Wales, FL 33853

236 Washington Avenue is a multi-family home for sale in Lake Wales, FL 33853. This property was listed for sale on August 19, 2024 by ALABAMA LLC, it's currently listed at $800,000. It has been on the market for a total of 98 days and was last sold on January 27, 2017. This listing's school district is Polk. Nearby schools include Spook Hill Elementary School, Bartow Elementary Academy and Union Academy. 236 Washington Avenue is a 15-bed, 0-bath, 4,123 sqft multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of ALABAMA LLC, Erich Spivey

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 11/02/2024 01:30 PM