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Dennis Lue Yat

dennis@luxeiq.com +1(561) 571-1425

$258,000

Est. payment - /mo

2 Baths

1,455 SqFt

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,455 sqft

Price per Sqft $177

MLS Listing ID R11150451

Construction Status Resale

HOA Y/N No

Total Fin. Sqft 1455

Year Built 1938

Annual Tax Amount $3,631

Tax Year 2025

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type Duplex

Property Description

This lakefront multi-family property in the heart of Lake Wales presents a rare opportunity for both savvy investors and future owner-occupants alike. Delivering an impressive ~about 8% cap rate with an all-cash purchase—and closer to about a 9% cap with just 20% down at today's prevailing rates—this is a strong income-producing asset with immediate upside. Even more compelling, for those looking to live in one unit, the numbers make ownership more affordable than renting, while the second unit helps offset your mortgage. The property offers two well-designed 2-bedroom, 1-bath units with open-concept living, generous outdoor space, and desirable lakefront appeal with no HOA. While a new roof is needed, the seller is offering a $10,000 concession with a full-price offer

Location

Subdivision Northside Heights

State FL

County Polk

Area 5940 - Other Florida County

Zoning R3

Interior

Interior Features InteriorFeatures

Heating Central, Electric

Cooling Central Air

Flooring Wood

Fireplace No

Exterior

Exterior Feature Outdoor Living Area

Utilities Available Electricity Connected, Natural Gas Available

Waterfront Description Lake Front

View Y/N Yes

View Lake, Other

Roof Type Other

Porch Covered, Patio, Porch

Private Pool No

Building

Lot Description < 1/4 Acre

Entry Level One

Level or Stories One

Structure Type Other

New Construction No

Construction Status Resale

Schools

Elementary Schools Lakeside

Middle Schools Lake Worth

High Schools Lake Worth

Others

Senior Community No

Restrictions No Restrictions

Tax ID 342927875300001120

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Virtual Tour https://www.propertypanorama.com/130-E-Northside-Drive-Lake-Wales-FL-33853/unbranded

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Listed by Penny Dias Simon Gray Realty LLC

Nearby School & Business

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Dennis Lue Yat

+1(561) 571-1425

Broker | SL3301099

Broker SL3301099

Popular Cities & Towns In Palm Beach County

130 E Northside DR Lake Wales, FL 33853

Dennis Lue Yat

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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