![Thumbnail Photo of Unit 1 at 627 WASHINGTON AVE](https://photos.realtyhop.com/p/s/180x120/26447306_50e37a41fc394a0933e68b5a99a452f32a754b538ceb7ffc1cac5ea9f19d1090.webp)
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$200,000
●
Multifamily -
Off Market
627 WASHINGTON AVE #1
LAKE WALES, FL 33853
4 Beds
2 Baths
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
Exterior Details
Property Information
Square Footage: 1152
Square Footage Source: $0
Year Built: 1966
Building Information
Building Area Total: 1824
Levels: One
Construction Materials: Block
Lot Information
Lot Size Units: Square Feet
Lot Size Acres: 0.13
Lot Size Square Feet: 5776
Tax Lot: 010
Land Information
Water Source: Public
Financial Details
Tax Annual Amount: $2,029
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
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
Sold
House
4
Beds
2
Baths
1,496 ft²
$170/ft²
$255,000
Feb 7, 2023
$255,000
Nov 21, 2023
$179/mo
Sold
House
3
Beds
2
Baths
1,133 ft²
$194/ft²
$220,000
Mar 18, 2023
$220,000
Sep 1, 2023
$127/mo
Sold
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
Active
House
3
Beds
2
Baths
1,100 ft²
$209/ft²
$230,000
Nov 10, 2023
-
$103/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
![627 Washington Avenue](https://photos.realtyhop.com/p/s/990x990/26447306_50e37a41fc394a0933e68b5a99a452f32a754b538ceb7ffc1cac5ea9f19d1090.webp)