436 E Park Ave

Lake Wales, FL 33853

$1,568,000
Last Sold Price
21
Beds
21
Baths
11,834 Sq. Ft.
$132 / Sq. Ft.
11,834
Sq. Ft.
$132
per Sq. Ft.

Description

It’s all about the location! We are pleased to present this phenomenal investment opportunity to acquire The Court of Seven Chimneys Apartments. This unique and fully rented apartment complex comprises 21 apartments, court yard, laundry facility and a parking lot. There are 20 Studio Apts. with original hardwood flooring, coved ceilings, picture rail molding, Murphy Beds, fireplaces (nonworking), separate eat-in kitchens, closet/storage area and French doors to front & back screen rooms. A spacious...It’s all about the location! We are pleased to present this phenomenal investment opportunity to acquire The Court of Seven Chimneys Apartments. This unique and fully rented apartment complex comprises 21 apartments, court yard, laundry facility and a parking lot. There are 20 Studio Apts. with original hardwood flooring, coved ceilings, picture rail molding, Murphy Beds, fireplaces (nonworking), separate eat-in kitchens, closet/storage area and French doors to front & back screen rooms. A spacious loft apartment is above the rotunda entry into the court yard, it is flanked by the dual wings of the building. The Loft apartment allows for formal living area adorned with wood floor, window seats, fireplace, walk-in closet, full bath and circular stairs to an upstairs bedroom with large area, ideal for sitting area and storage. These delightful dwellings offer abundant natural light, elegant details while still serving renters and providing comfortable living quarters. This beloved 1925 building stands across from the Crystal Lake Park offering scenic views of the lake, garden paths, picnic areas and playground. Pathways lead across Lakeshore Blvd. to the city park on Lake Wailes that has paved & lighted trail circling the lake and a large covered pier to enjoy, a public boat ramp is nearby. Additionally, this in-town location is within walking/biking/scootering to the downtown Historic District, library, churches, restaurants, and shops. This multi-unit complex is ideal for Investors, Vacation Rental Operator for short-term destination retreat, long-term renters or winter residents. Seller will entertain a combined purchase with 10-unit complex just minutes away, The Grand Floridian at, 241 E Seminole Ave. No owner financing
  1. Listed by Drew Farrar • 1513 REALTY LLC
    P: (863)-528-3771 DrewF34@gmail.com

Property Details for 436 East Park Avenue

Subdivision Name
LAKE WALES
Township
30
View
Park/Greenbelt, Water
Waterfront
No
LISTING UPDATED: 07/04/2023 10:45 AM

Property Details for 436 East Park Avenue

StatusSold
MLS #K4901954
Days on Market84
Taxes$11,409 / year
HOA Fees-
Condo/Co-op Fees-
Compass Type-
MLS Type-
Year Built1925
Lot Size0.33 AC / 14,549 SF
CountyPolk County

Location

Listing Courtesy of 1513 REALTY LLC, Drew Farrar

Sold By FUTURE HOME REALTY INC, Edward Moore, Jr.

Add your commute

Building Information for 436 East Park Avenue

Stories-Residences21Year Built1925Lot Size0.33 AC / 14,549 SF

Payment Calculator

$9,166 per month

30 year fixed, 6.845% Interest

Principal and Interest

$8,215

Property Taxes

$951

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 436 East Park Avenue

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: From US HWY 27 turn on Central Ave. going to S Lakeshore Blvd., turn LEFT at YIELD, go 1 block turning LEFT onto Park Ave., property is on LEFT.
  • Mls Major Change Type: Sold
  • Major Change Type: Closed
  • Listing Service: Full Service
  • Road Frontage Type: Street One Way, Street Paved
  • Senior Community: No
  • Unit Number: No
  • Street Number: 436
  • Street Direction Prefix: E
  • Street Name: Park
  • Street Suffix: AVENUE
  • State: FL
  • City: LAKE WALES
Parking
  • Carport: No
  • Garage: No
  • Parking Features: Ground Level, Open
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: 34
  • Tax Book Number: 1-88A
  • Tax Legal Description: LAKE WALES PB 1 PG 88A 88B S1&2 T30 R27 BLK 34 LOT 1 W 97 FT
  • Tax Lot: 1
  • Tax Year: 2021
Virtual Tour
Property
Lot Information
  • Additional Parcels Description: 27-3-01-883000-034022
  • Additional Parcels: Yes
  • Additional Water Information: Close proximity with sidewalks to either lake, dock & covered pier at Lake Wailes, public boat ramp is a short distance.
  • Lot Features: Historic District, City Lot, Level, Near Public Transit, Oversized Lot, Sidewalk, Street One Way
  • Lot Size Dimensions: 97 x 150
  • Parcel Number: 273001883000034012
  • Total Acreage: 1/4 to less than 1/2
  • Total Num Buildings: 1
  • Water Access: No
  • Water Body Name: Crystal Lake / Lake Wailes
  • Water Extras: No
  • Zoning: C
  • Living Area: 11834
  • Lot Dimensions: 97 x 150
Property and Assessments
  • Year Built Numeric: 1925
  • Flood Zone Code: x
  • Homestead: No
  • New Construction: No
  • Number Of Lots: 2
  • Public Survey Range: 27
  • Public Survey Section: 01
Utilities
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Street Lights, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Other, Stucco
  • Exterior Features: Balcony, Courtyard, Lighting, Sidewalk
  • Foundation Details: Crawlspace
  • Levels: Two
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 21
  • Cooling: Wall/Window Unit(s)
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Hardwood
  • Heating: Wall Units / Window Unit
  • Interior Features: Cathedral Ceiling(s), Ceiling Fan(s), Eating Space In Kitchen, High Ceilings, Solid Wood Cabinets, Walk-In Closet(s), Window Treatments
  • Laundry Features: Other
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
  • Window Features: Aluminum Frames, Shutters, Wood Frames
Multi Family
Multi-Family Information
  • Annual Expenses: $72,084
  • Annual Net Income: $125,948.00
  • Gross Income: $198,032
  • Total Monthly Expenses: $6,007
  • Unit Count: 1
Rental
Rental Information
  • Total Actual Rent: $16,380

Property History for 436 East Park Avenue

DateEvent & SourcePriceAppreciation
Jul 3, 2023

Sold

MFRMLS #K4901954

$1,568,000—
Mar 29, 2023

Pending

MFRMLS #K4901954

—
Nov 21, 2022

Listed (Active)

MFRMLS #K4901954

$1,700,000—
Nov 5, 2021

Sold (Public Record)

Public Record #1477052500

$2,430,000

+8.1% / yr

Aug 30, 2001

Sold (Public Record)

Public Record #77662429

$500,000—
DateEvent & SourcePrice
07/03/2023

Sold

MFRMLS #K4901954

$1,568,000
03/29/2023

Pending

MFRMLS #K4901954

—
11/21/2022

Listed (Active)

MFRMLS #K4901954

$1,700,000
11/05/2021

Sold (Public Record)

Public Record #1477052500

$2,430,000

+8.1% / yr

08/30/2001

Sold (Public Record)

Public Record #77662429

$500,000

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

Public Records for 436 East Park Avenue

Taxable ValueLand-Additions-Total-
Tax Record2024$25,730 ($2,144 / month)
Home Facts
Total Finished SqFt11,834 SqFtAbove Grade Finished SqFt11,834 SqFtStories2Lot Size14,549 SqFtStyleMulti-Family Dwelling (2-4)Year Built1925Year Renovated2003CountyPOLKAPN273001883000034012

Schools near 436 East Park Avenue

This home is within Polk.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - K to 5
Public - 6 to 8
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

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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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 1513 REALTY LLC, Drew Farrar

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: 07/04/2023 10:45 AM