This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
627 Washington Ave #1, Lake Wales, FL 33853
$200,000
627 Washington Ave #1, Lake Wales, FL 33853View this property at 627 Washington Ave #1, Lake Wales, FL 33853
627 Washington Ave #1Lake WalesFL33853
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
Introducing 627 Washington Ave, a lucrative investment opportunity in the tranquil city of Lake Wales, FL. This duplex, complete with long-term leases, offers a steady, reliable source of income. Each unit within this well-preserved duplex offers a comfortable layout of 2 bedrooms and 1 bathroom, providing ample space for tenants to create a home. These units' solid construction and thoughtful design reflect a commitment to comfort and quality that tenants will surely appreciate. One unit is rented at a competitive rate of $1095 per month to long-term tenants, underlining the property's desirability and the stability of the income stream. As an investor, you'll appreciate the immediate cash flow and the peace of mind that comes from reliable, long-term tenants. Situated in the charming city of Lake Wales, this property places tenants in a quiet, welcoming neighborhood with convenient access to local amenities, schools, and parks. The ease of commuting from this location further enhances the appeal of these units to prospective tenants. At 627 Washington Ave, you're not just investing in a duplex, but a secure income stream and a slice of Lake Wales' vibrant community. Whether you're an experienced investor looking to expand your portfolio or a new investor seeking a reliable investment, this property is a testament to the enduring value of real estate in Lake Wales. Don't let this opportunity pass you by.
Full Property Details
Full Property Details for 627 Washington Ave #1
General
- Sold For: $200,000
- Taxes: $2,029 (2022)
- Status: Closed
- Type: Duplex
- MLS ID: O6114961
- Added to Site: 352 day(s) ago
Rental Information
- Lease/Rent Term: 12 Months
Interior
- Interior Features: Ninguno
- Flooring: Vinyl
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Exterior
- Exterior Features: Other
Parking
- Carports: Yes
- Carport: 2
- Carport Spaces: 2
- Covered Spaces: 2
Location
- Area: 33853 - Lake Wales South
- County: Polk
- Development Name: 33853 - Lake Wales South
- Subdivision: WASHINGTON PARK UNIT NO 2
- Driving Directions: From US-27 Turn East on Washington Ave, address will be on your right.
Community
- Community Name: 33853 - Lake Wales South
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Public
Structural Information
- # Buildings: 1
- Exterior Const.: Block
- Roof: Membrane
- Stories/Levels: One
- Square Feet: 1,152
- Sq. Ft. Source: Public Records
- Living Area: 1,152 Sq. Ft.
- Year Built: 1966
Lot Features
- Lot Size (Acres): 0.13
- Lot Size (Sq. Ft.): 5,776
- Street/Road Desc.: Asphalt
- Rcmdd Zoning: MULTI FAMILTY
Financial Considerations
- Tax Amount: $2,029
- Tax Year: 2022
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: WASHINGTON PARK UNIT NO 2 PB 31 PG 57 BLK 7 LOT 1
- Flood Zone Info: x
- Disclosures/Reports: Lead Paint, Seller Property Disclosure
- APN: 27-29-34-872500-007010
- Property ID: 27-29-34-872500-007010
- Block/Lot/Section: 7
Listed by Exp Realty Llc
Sold by Transcontinental Realty Group
Get Pre-Approved Today
Schools
Schools serving 627 Washington Ave #1
School District:Polk County Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
321 Dr J A Wiltshire Ave E, Lake Wales, FL 33853 | PK-5 | 0.9 mi | |
800 4th St S, Lake Wales, FL 33853 | 6-9 | 1.9 mi | |
1000 N Palm Ave, Frostproof, FL 33843 | 6-12 | 11.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 627 Washington Ave #1
Date
Details
Price
Change
Source
12/01/2023
Sold
$200,000
-6.98%
MLS
11/11/2023
Price Reduced
$215,000
-4.02%
MLS
5/17/2023
Listed
$224,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
627 Washington Ave #1, Lake Wales, FL 33853 (MLS# O6114961) is a Duplex property that was sold at $200,000 on December 01, 2023. Want to learn more about 627 Washington Ave #1? Do you have questions about finding other Duplex real estate for sale in Lake Wales? You can browse all Lake Wales real estate or contact a Coldwell Banker agent to request more information.