130 E Northside Drive, Lake Wales FL 33853

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

This duplex home located at 130 E Northside Drive, Lake Wales FL 33853 is currently for sale and has been available on Brickellsold for 167 days. This property is listed at $255K. It has N/A beds, N/A bathrooms, and is 1455 square feet. It was built in 1938. 130 E Northside Drive, Lake Wales FL 33853 is in Lake Wales county Polk County.