Multifamily Property for Sale in Lake Wales, FL

  • Price: $397K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Lake Wales, FL 33853
  • Size: 2,587 SF

Description

This multifamily investment property is strategically located in Lake Wales just off State Road 60, a major east-west corridor connecting Lake Wales to Lakeland and the broader Polk County market. Just minutes from US Highway 27, the property offers convenient access to Lakeland as well as northbound routes to Davenport, Interstate 4, Celebration, and Kissimmee. Surrounded by numerous medical and retail providers, this asset benefits from a highly accessible location within one of Central Florida’s growing markets. The property consists of a triplex and a separate detached cottage, providing four income-producing rental units with a strong and stable tenant base and potential for future rent increases. Current rental income includes: 3-Bedroom Unit – $1,200/month 2-Bedroom Unit – $850/month 1-Bedroom Unit – $850/month Detached Cottage – $850/month All tenants are responsible for their own electric and water utilities, helping to minimize owner operating expenses. With stable in-place income, upside potential through rental growth, and excellent connectivity to major employment centers and transportation corridors, this property presents an attractive investment opportunity in the Lake Wales market. Building SF: 2587 | Land Size: 0.53 Ac | Listing Type: FOR SALE

Market Context

This multifamily in Lake Wales, FL is listed for sale at $397,000 across 2,587 SF. It has been on the market for 12 days. Compare it against other multifamily listings for sale in Lake Wales, FL — <a href="/search/sale/multifamily/florida/lake-wales">view the full market</a>.

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