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Homes of Idaho, Inc.
(208) 442-8500

Address withheld, LAKE WALES, FL 33853

  • $998,800

Listing Presented By

Patty Clemons
Associate Realty & Investment
(863) 618-4000

Commercial - LAKE WALES, FL

LOCATION! LOCATION! TWO WATERFRONT PARCELS ON LAKE MABEL VERY WELL KEPT. HAS EXCELLENT INCOME. MONTHLY RENTAL INCOME IS APPROXIMATELY 11,575 PLUS ANOTHER 400-600 FROM LAUNDRY ROOM. LAST YEARS INCOME WAS 138,300. P & L IS ATTACHED. ALWAYS FULL VERY VERY LOW VACANCIES RATIO. PLENTY OF LAND TO EXPAND FOR MORE INCOME. RENTS ARE CONSIDER LOW AND HAVE NOT BE RAISED FOR MANY YEARS. NICE QUIET AND EXCELLENT REPUTATION. SOME TENANTS HAVE LIVED THERE FOR SEVERAL YEARS. THREE STORAGE SHEDS. LOCATED APPROXIMATELY 45 MINUTES FROM DISNEY WORLD, 15 MINUTES FROM LEGOLAND, SURVEY IS AVAILABLE. THERE IS AN ADDITIONAL 2 ACRE ADJACENT PARCEL 27-29-11-000000-044030 THAT IS INCLUDED IN THE SALE. THERE IS AN OLD FRAME BUILDING THAT IS USED FOR STORAGE. INTERIOR OF ALL UNITS SHOW EXTREMELY WELL. DO NOT CONTACT THE TENANTS, THEY ARE NOT AWARE THE PROPERTY IS UP FOR SALE MAKING IT A TOTAL OF 7 ACRES ELECTRIC WATER AND CABLE INCLUDED. NET AMOUNT IS OVER 90,000 AFTER ELECTRIC AND CABLE IS DEDUCTED FROM INCOME. PROPERTY CONSIST OF 7 CONCRETE ONE BEDROOM COTTAGES, 1 TWO BEDROOM PARK MODEL, 2 MOBILE HOMES CONVERTED IN DUPLEXES MAKING UP 4 UNITS, 2 RV'S, 1 LARGE FRAME HOUSE LIKE INTO 4 UNITS. PLENTY OF ROOM TO EXPAND. THERE IS A TOTAL OF 18 UNITS ON PROPERTY. THIS PRICE INCLUDES BOTH PARCELS 27 29 11 000000 044010 AND 27 29 11 000000 044010 PROFIT AND LOSS FOR 2016 IS ATTACHED TO THIS LISTING. ON SITE MANAGER IS WILLING TO STAY AND MANAGER WITH NEW OWNERS.

  • $998,800
  • Commercial
  • Last Updated: February 8, 2017
  • Posted: June 24, 2016

LAKE WALES, FL 33853

LAKE WALES, FL 33853 is an , Commercial in Lake Wales, Florida for $998,800 with and offered by Patty Clemons of Associate Realty & Investment. To learn more about LAKE WALES, FL 33853 contact Patty Clemons for more information or to request a showing.