Old Bartow Rd, Lake Wales, FL 33859

Property Status: Available (Wholesale) | For Sale: $330,000.00

8 Bedrooms / 5 Baths / Multiple Family

MAKE US AN OFFER 7/8!!! Cash Flowing 5-Units in Lake Wales!!

Property Status:
This Property is currently...
  • Status: Available (Wholesale)
  • For Sale: $330,000.00
Property Details:
8 Bedrooms / 5 Baths / Multiple Family
Property Style:
Finished Sq Ft:
No Basement
Owner / Agent:
Property Features:
No Property Features Listed.
Contact Info
First Alliance Capital
(407) 668-4396

View on Individual's Website
Old Bartow Road, Lake Wales, FL 33859 INVESTMENT: $330,000 Current Rent: $2,175/month Average Market Rent: $3,327/month Rehab: Little to none 8 bedroom / 5 bathroom 2,604 SqFt Built: 1973/1945 Construction: Block/Stucco HOA: $0 Here is a cahs flowing 5-unit multi-family complex in Lake Wales. The property consists of an 1,872 SqFt apartment building with two 1/1’s, one studio, one 2/1, plus a 732 SqFt 3/1 mobile home. All units are currently rented. Rental rates are as follows: -Two 1 Bedroom 1 bathroom Units – $425 & $425 monthly -One Studio 1 Bedroom 1 bathroom – $325 monthly -One 2 bedroom 1 bathroom apartment – $550 monthly -One Mobile Home 3 bedroom 1 bathroom – $450 monthly -Total Monthly income: $2,175 There is a new well pump and a new septic tank for the building was installed November 2018. The wood steps are 3 years old, some tiling was done a couple months ago, and the roof was replaced 2015. Very little needs to be done in the way of rehab here...simply purchase the property and start cashing the checks! CALL 407-668-4396 TODAY to schedule a showing!! We have an equity interest in this property and are selling the contract. All properties require cash or a private/hard money loan in order to purchase. No conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. Buyers will need to provide a $3,000 non-refundable deposit at time of contract. Seller will convey using an as-is contract, clear and marketable title with a warranty deed. All closings are with a licensed title company with Insurable Title. Buyer will be responsible for all closing costs unless otherwise indicated. Foster Algier Broker - Gold Key - G.R.I.. FLA Real Estate Services

Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee.

Central Florida Realty Investors Association, Inc. is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

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