425 Sessoms Avenue, LAKE WALES, FL 33853
  • MLS#: L4957271 ( Residential Income )
  • Street Address: 425 Sessoms Avenue
  • Viewed: 16
  • Price: $344,900
  • Price sqft: $179
  • Waterfront: No
  • Year Built: 1937
  • Bldg sqft: 1930
  • Bedrooms: 2
  • Total Baths: 3
  • Days On Market: 139
  • Additional Information
  • Geolocation: 27.9056 / -81.5826
  • County: POLK
  • City: LAKE WALES
  • Zipcode: 33853
  • Subdivision: Lake Wales
  • Provided by: BHHS FLORIDA PROPERTIES GROUP
  • Contact: Wes Fleming
  • 863-701-2350
  • mfrmls
  • DMCA Notice
  • Description
    High Yield Turnkey Triplex with 2024 Upgrades! Investors, seize this rare income producing asset generating $3,000 in gross monthly revenue with an exceptionally low expense profile. Situated on a spacious 0.31 acre lot, this property offers the perfect blend of density and privacy across two solid brick residential buildings. Major 2024 Capital Upgrade: A Brand New Roof was installed across the property in 2024, providing years of worry free ownership. Both primary buildings are equipped with Central AC to ensure maximum tenant comfort and retention. The Layout:425 E Sessoms Ave: A standalone 1 bedroom, 1 bathroom cottage (685 sq ft) featuring a private 90 sq ft finished screened porch and a classic fireplace. 427 E Sessoms Ave (Front): A private 1 bedroom, 1 bathroom suite with its own dedicated front entrance and porch. 427 E Sessoms Ave (Rear): A secluded private studio with a separate side/rear entrance for ultimate tenant privacy. Bonus Value: A detached large storage building at the rear includes an on site laundry room, a high demand amenity that adds significant utility. Built with common brick exterior walls, this property is designed for low maintenance, long term performance. With an annual gross income of $36,000 and minimal overhead, this "Cash Cow" is ready for Day 1 operations. Schedule your showing today!
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Features
Accessibility Features
  1. Accessible Bedroom
  2. Accessible Closets
Appliances
  1. Range
  2. Refrigerator
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Outbuildings
  2. Other
Flooring
  1. Laminate
  2. Luxury Vinyl
  3. Tile
Garage Spaces
  1. 0.00
Heating
  1. Central
Insurance Expense
  1. 0.00
Interior Features
  1. Ceiling Fans(s)
  2. Other
Legal Description
  1. LAKE WALES PB 1 PG 88A 88B S1&2 T30 R27 BLK 18 LOT 10
Levels
  1. One
Living Area
  1. 1652.00
Area Major
  1. 33853 - Lake Wales South
Net Operating Income
  1. 0.00
Occupant Type
  1. Tenant
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 27-30-01-883000-018100
Possession
  1. Close Of Escrow
Property Condition
  1. Completed
Property Type
  1. Residential Income
Roof
  1. Shingle
Sewer
  1. Public Sewer
Tax Year
  1. 2024
Tenant Pays
  1. Electricity
Township
  1. 30
Utilities
  1. Cable Connected
  2. Electricity Connected
Views
  1. 16
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/L4957271
Water Source
  1. Public
Year Built
  1. 1937
Zoning Code
  1. R-2
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Headshot for Associate Michelle Hill
  1. Michelle Hill, ABR,AHWD,PA,PSA,REALTOR ®,SFR
  2. Tropic Shores Realty
  3. Mobile: 352.247.2177
  4. 229.834.4988