by RH Advisors

See Home Value
$200,000
Multifamily - Off Market

627 WASHINGTON AVE #1

LAKE WALES, FL 33853
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1152 Sqft
$1,225
Estimated Monthly
10.47%
Cap Rate

About This Property

Introducing 627 Washington Ave, a lucrative investment opportunity in the tranquil city of Lake Wales, FL. This duplex, complete with long-term leases, offers a steady, reliable source of income. Each unit within this well-preserved duplex offers a comfortable layout of 2 bedrooms and 1 bathroom, providing ample space for tenants to create a home. These units' solid construction and thoughtful design reflect a commitment to comfort and quality that tenants will surely appreciate. One unit is rented at a competitive rate of $1095 per month to long-term tenants, underlining the property's desirability and the stability of the income stream. As an investor, you'll appreciate the immediate cash flow and the peace of mind that comes from reliable, long-term tenants. Situated in the charming city of Lake Wales, this property places tenants in a quiet, welcoming neighborhood with convenient access to local amenities, schools, and parks. The ease of commuting from this location further enhances the appeal of these units to prospective tenants. At 627 Washington Ave, you're not just investing in a duplex, but a secure income stream and a slice of Lake Wales' vibrant community. Whether you're an experienced investor looking to expand your portfolio or a new investor seeking a reliable investment, this property is a testament to the enduring value of real estate in Lake Wales. Don't let this opportunity pass you by.
Unit Size
1,152Ft²
Days on Market
185 days
Land Size
0.13 acres
Price per sqft
$187
Property Type
Multifamily
Property Taxes
$169
HOA Dues
-
Year Built
-
Last updated: 7 months ago (Stellar MLS #O6114961)

Price History

Date / Event Date Event Price
Dec 15, 2023 Sold to George Solomon $200,000
Sold to George Solomon
Nov 19, 2023 In contract -
In contract
Nov 11, 2023 Price Decreased $215,000
↓ $9K (4%)
Price Decreased
Nov 11, 2023 Relisted $224,000
Relisted
Oct 3, 2023 In contract -
In contract
Show More

Property Highlights

Air Conditioning
Parking Details
Has Carport
Interior Details

Interior Information

Interior Features: Ninguno
Flooring Type: Vinyl


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
4 Beds
4 Baths
1,979 ft²
$91/ft²
$180,000 May 24, 2023
$180,000 Sep 19, 2023
$100/mo
House
4 Beds
2 Baths
1,496 ft²
$170/ft²
$255,000 Feb 7, 2023
$255,000 Nov 21, 2023
$179/mo
House
3 Beds
2 Baths
1,133 ft²
$194/ft²
$220,000 Mar 18, 2023
$220,000 Sep 1, 2023
$127/mo
House
4 Beds
3 Baths
1,840 ft²
$117/ft²
$215,000 Dec 2, 2022
$215,000 Aug 18, 2023
$99/mo
House
3 Beds
2 Baths
1,403 ft²
$166/ft²
$233,500 Jun 6, 2023
$233,500 Nov 7, 2023
$7/mo
House
2 Beds
1 Bath
828 ft²
$266/ft²
$220,000 Aug 11, 2023
$220,000 Sep 28, 2023
$106/mo
House
3 Beds
2 Baths
1,100 ft²
$209/ft²
$230,000 Nov 10, 2023
-
$103/mo
In Contract
House
3 Beds
2 Baths
1,174 ft²
$207/ft²
$243,000 Jul 12, 2023
-
$7/mo
House
3 Beds
2 Baths
1,259 ft²
$198/ft²
$249,000 Nov 3, 2023
-
$7/mo
House
3 Beds
2 Baths
890 ft²
$247/ft²
$219,900 Sep 9, 2023
-
$118/mo
House
3 Beds
2 Baths
1,322 ft²
$191/ft²
$252,000 Dec 5, 2023
-
$8/mo
House
3 Beds
1 Bath
840 ft²
$229/ft²
$192,000 Nov 28, 2023
-
$112/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

627 Washington Avenue 627 Washington Avenue, Lake Wales, FL 33853
  • 1 Unit for Sale
More about this Building
627 Washington Avenue
Want to find out who owns 627 Washington Avenue, Lake Wales, FL 33853? Get detailed property transactions here .

About Washington Park


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