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. 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. Call to schedule an appointment. SELLER WILL CONSIDER SELLER
FINANCE ALSO!
LPT Realty, LLC
Features & Details
Learn about the features and details of 9035 TEMPLE DR
Discover this exceptional triplex in the heart of . Originally built in 1989. Offered at $254,000.00 Don't miss this opportunity to own in one of the area's most desirable locations.
FAQs About 9035 TEMPLE DR
How many bedrooms and bathrooms does this home have?
There are bedrooms and bathrooms in this Multifamily at 9035 TEMPLE DR, MLS® A11919610.
What are annual taxes for 9035 TEMPLE DR?
Annual taxes for this home are $2,780 based on 2024 tax year reports.
Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information.