130 Northside Drive, Lake Wales, FL 33853
  • MLS#: R11150451 ( Residential Income )
  • Street Address: 130 Northside Drive
  • Viewed: 20
  • Price: $258,000
  • Price sqft: $141
  • Waterfront: No
  • Year Built: 1938
  • Bldg sqft: 1831
  • Total Baths: 2
  • Days On Market: 117
  • Additional Information
  • Geolocation: 28 / -82
  • County: Polk
  • City: Lake Wales
  • Zipcode: 33853
  • Subdivision: Northside Heights
  • Elementary School: Lakeside
  • Middle School: Lake Worth
  • High School: Lake Worth
  • Provided by: Simon Gray Realty LLC
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  • 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 purchaseand closer to about a 9% cap with just 20% down at today's prevailing ratesthis 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
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Features
Possible Terms
  1. Cash
  2. Conventional
  3. FHA
  4. VA Loan
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
Electric
  1. Three Phase
Flooring
  1. Wood
Heating
  1. Central
  2. Electric
High School
  1. Lake Worth
Legal Description
  1. NORTHSIDE HEIGHTS PB 36 PG 48 BLK A LOT 12
Middle School
  1. Lake Worth
Parcel Number
  1. 342927875300001120
Property Type
  1. Residential Income
Roof
  1. Other
School Elementary
  1. Lakeside
Tax Year
  1. 2025
Tenant Pays
  1. Cable TV
  2. Electricity
  3. Insurance
  4. Water
Utilities
  1. Electricity Connected
  2. Natural Gas Available
Views
  1. 20
Virtual Tour Url
  1. https://www.propertypanorama.com/130-E-Northside-Drive-Lake-Wales-FL-33853/unbranded
Year Built
  1. 1938
Zoning Code
  1. R3
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