3718 ADELL ROAD
About This Property
Inside, the home features an open-concept living and kitchen area highlighted by beautiful Southern yellow pine tongue-and-groove ceilings and beadboard wainscoting with chair rail molding, adding warmth and character throughout. The remodeled eat-in kitchen showcases white shaker cabinetry, butcher block countertops, stainless steel appliances, and a glass door providing direct access to the outdoor patio area.
The primary bedroom suite includes a custom closet and an adjoining office space, along with a private bath featuring an exterior door for convenient access. The second bedroom and bath offer comfortable accommodations for guests or family.
Outdoor living is a standout feature of this property. A screened lanai provides the perfect space for relaxing or entertaining while enjoying canal views. Additional features include a boathouse, concrete seawall, NEW A/C, workshop with laundry area, fenced yard, carport, and a durable metal roof.
Located in Lake Wales, the property offers convenient access to local attractions including Bok Tower Gardens, Legoland Florida, and a variety of outdoor recreation opportunities throughout Central Florida.
Whether used as a full-time residence, seasonal retreat, or weekend getaway, this waterfront home offers the ideal blend of comfort, charm, and access to the water.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Lake Pierce Heights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017