n/a
n/a
n/a
Triplex, Residential Income
THIS PROPERTY WON’T LAST LONG WITH A MAJOR $229,000 PRICE REDUCTION! 3 UNIT MULTIFAMILY OPPORTUNITY WITH CANAL FRONTAGE LEADING TO LAKE-WALK-IN WATER. Located at the end of a private, dead-end street with 164 feet of canal frontage, this unique 0.54-acre multi-family property offers direct access to the 7,500-acre Lake Walk-In-Water—nationally renowned for its trophy bass fishing. Zoned R-3, this property features three existing units and the infrastructure to add a fourth, making it the ultimate versatile asset. CHOOSE YOUR STRATEGY: 1) The value-add investment at the newly reduced price of $229,000! The property generates $2,075/month ($24,900/year) from just two occupied units (Units A and C), with tenants paying their own utilities. IMMEDIATE UPSIDE: Lease the currently vacant Unit B ($750.00/month) $33,900.00/year unlocking a massive DOUBLE-DIGIT CAP RATE! 2) The Waterfront "House Hacker" Stop paying a mortgage and start getting paid to live on the water. You can immediately move into Unit B—a vacant, sturdy 1975 concrete block apartment featuring a kitchenette and its own private dock. While you enjoy the lake lifestyle, your neighbors in Units A and C will generate $2,075/month which can easily cover your mortgage and property taxes ($3,177/yr), and insurance. Keep it all for your family, or rent out one unit to cover the annual carrying cost. This multifamily property offers multiple strategies and won’t last long!
This triplex home located at 9035 Temple Drive, Lake Wales FL 33898 is currently for sale and has been available on Brickellsold for 94 days. This property is listed at $229K. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1989. 9035 Temple Drive, Lake Wales FL 33898 is in Lake Wales county Polk County.
