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3 bedroom villa for sale

Florida, Polk County, Lake Wales, USA

USD $254,000
Alistair Brown International Real Estate, Glasgow
PROPERTY TYPE

Villa

BEDROOMS

3

BATHROOMS

3

SIZE

1,652 sq ft

153 sq m

Key features

  • Other
  • Microwave
  • Range
  • Refrigerator
  • Has Cooling System
  • Has Heating System

Description

P4937133
Nearly A 10% CAP RATE! Canal Front Multifamily Property Consisting Of 2 Single Wide Mobile Homes and 1 CBC Apartment
Offering LOW OPERATING EXPENSES And VALUE-ADD OPPORTUNITY Located Just 3 Blocks From Lake Walk In Water’s
Public Boat Ramp In Eastern Lake Wales, Florida. Current Income: $2,075/Month and $24,900/Year Potential Gross
Income: $2,675/Month and $32,100.00/Year The 3 residences sit on a well kept, 0.54 acre lot zoned R-3 with 198+-ft of
canal frontage with direct access to Lake Walk-In Water. Unit A (OCCUPIED): 2BR/1BA, 1978, 728 sqft single wide mobile
home at $900/month. Unit B (VACANT- VALUE-ADD): 1BR/1BA 1975 , 485 sq ft concrete block apartment featuring a
kitchenette and its own private dock. The vacant unit allows for new owner to place a tenant for immediate income or
possible renovations and upgrades for increased rent. Previously rented for $600/month. Unit C (OCCUPIED): Updated and
spacious 1989, 924 sq ft 3BR/2BA single wide mobile home generating $1,175/month. This unit features a mini-split AC, a
large master bedroom with a walk-in closet and a built-in office. Tenant’s rent includes electric, utilities, trash and septic.
Landlord pays taxes and insurance. This stabilized multifamily property offers investors an exceptional cap rate, low
operational expenses, canal frontage with direct access to Lake Walk-In-Water, value appreciation and value-add
opportunity with a new tenant for immediate income and renovation potential for increase rent. Investments like these
don’t come around that often in Polk County, Florida. Call to schedule an appointment. SELLER WILL CONSIDER SELLER
FINANCE ALSO!

Florida, Polk County, Lake Wales, USA

NEAREST AIRPORTS

Distances are straight line measurements
  • Orlando(International)
    36.4 miles
  • Melbourne(International)
    51.6 miles
  • Tampa(International)
    68.9 miles
  • Saratosa-Bradenton(Local)
    71.7 miles
  • St Petersburg-Clearwater(International)
    78.3 miles

Advice on buying American property

Learn everything you need to know to successfully find and buy a property in USA.

About Alistair Brown International Real Estate, Glasgow

Craighall House 58b High Craighall Road Glasgow G4 9UD

Alistair Brown International Real Estate, are experts in matching people with their dream home abroad. ABIRE start by understanding their clients’ goals, whether for an investment or a second home or both, in order to help determine the best property to suit their needs.

The ability to truly understand their clients is at the heart of the Alistair Brown International Real Estate offering, as Alistair points out: “From the very first conversation, we are thinking about the client; their family, their likes and dislikes and those subtleties and emotional triggers that are important to their lifestyle.”

“Before we think about property, we need to know precisely why they have made the decision to start the search now.” He continued, “Everything we learn about our clients creates a vision, which we then use to hand pick properties for their unique situation.”

Decades of experience holding senior management positions in the world of both hospitality and real estate development gives Alistair access to some of the world’s best properties.

Your dream location…

Whether an ultra-modern villa, an investment property or a second home suitable for a growing family, the Alistair Brown team help clients invest in the right property for them.

With years of experience in global locations such as South Florida, Orlando and Central Florida’s Gulf Coast, Barbados, London and Catalunya, Spain, ABIRE has direct access to many developments and investments, often before they are offered to the general public.

As an International Brand Ambassador with the famed, Premier Sotheby’s International Realty group, Alistair has unparalleled access to some of the world’s most beautiful and unique properties with current offerings including:

The Grove Resort & Water Park, Orlando, a next door neighbour to Walt Disney World

Margaritaville Resort Orlando. Orlando’s newest purpose built resort

Spectrum at Reunion, Orlando

Exclusive Listings and developments throughout the state of Florida

Delivering the personal touch and a truly bespoke experience for every client at every price point, Alistair Brown International Real Estate is based in both the UK and USA and is on hand to help with every aspect of your property search.

Notes

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This is a property advertisement provided and maintained by Alistair Brown International Real Estate, Glasgow (reference 203795_P4937133) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

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