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$254,000

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 2 Partial Baths
  • 1,652 Sq. Ft.
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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. This unit features a mini-split AC, a large master bedroom with a walk-in closet and a built-in office. Tenant's rent includes electric, utilities, trash and septic. 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. Investments like these don't come around that often in Polk County, Florida. Call to schedule an appointment. SELLER WILL CONSIDER SELLER FINANCE ALSO!

Full Property Details for 9035 Temple Dr

General

  • Price: $254,000
  • Taxes: $2,780 (2024)
  • Status: Active
  • Type: Single Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: P4937133
  • Updated: 11/25/2025
  • Added to Site: 52 day(s) ago

Rental Information

  • Min. Lease: 1-2 Years

Interior

  • Number of Rooms: 13
  • Interior Features: Other
  • Appliances: Microwave, Range, Refrigerator
  • Furnishings: Unfurnished
  • Flooring: Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Exterior

  • Exterior Features: Other

Location

  • Area: 33898 - Lake Wales
  • County: Polk
  • Development Name: 33898 - Lake Wales
  • Subdivision: WEST INDIAN LAKE HEIGHTS SUB
  • Driving Directions: Head north on FL-17, turn south on T S Wilson Rd. In 5.4 miles turn right on Blue Jordan Rd and continue straight onto walker in water rd, turn right onto Boat Landing Rd then right on Tiger Creek Rd, arrived to destination 0.2 miles on the left.
  • Direction Faces: South

Community

  • Community Name: 33898 - Lake Wales
  • Community Features: None

Heating & Cooling

  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Wall Units / Window Unit

Utilities

  • Sewer: None
  • Water: Private, Well
  • Utility Description: Other

Structural Information

  • Exterior Const.: Concrete
  • Roof: Metal
  • Stories/Levels: One
  • Square Feet: 1,652
  • Sq. Ft. Source: Public Records
  • Year Built: 1989

Lot Features

  • Lot Size (Acres): 0.54
  • Lot Size (Sq. Ft.): 23,522
  • Lot Size: 23522
  • Lot Dimensions: 164 x 159
  • Street/Road Desc.: Paved

Financial Considerations

  • Tax Amount: $2,780.19
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: BEG NW COR OF SE1/4 RUN S 1001.23 FT TO 40 FT RD ELY ALONG C/L RD 309.13 FT FOR POB RUN N 18 DEG 54 MIN 33 SEC E 150.12 FT TO C/L WATERWAY ELY ALONG C/L 115.98 FT CONT N 81 DEG E 82.1 FT S 33 DEG 57 MIN 52 SEC W 217.39 FT S 31 DEG 06 MIN 01 SEC W 40 FT WLY 113.38 FT TO POB LESS N 25 FT &LESS S 20 FT BEING LOT 56 W INDIAN LAKE HGTS SUB
  • Flood Zone Info: AE
  • APN: 293105000000023030
  • Property ID: 293105000000023030

Listed by Lpt Realty, Llc

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Listing agent

— 9035 Temple Dr —

  • Lpt Realty, Llc

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 9035 Temple Dr

School District:Polk County School District
NameGradesDistance
Spook Hill Elementary School
321 Doctor JA Wiltshire Avenue, Lake Wales, FL 33853
PK-511.2 mi
Frostproof Middle/Senior High School
1000 North Palm Avenue, Frostproof, FL 33843
6-86.7 mi
Mclaughlin Middle School And Fine Arts Academy
800 South 4th Street, Lake Wales, FL 33853
6-810.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 9035 Temple Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/25/2025
Listed
$254,000
45.14%
MLS
1/31/2022
Sold
$175,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 9035 Temple Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,600
3%
$163,045
3%
2023
$1,559
10%
$158,296
44%
2022
$1,422
7%
$109,736
15%
2021
$1,324
35%
$95,574
36%
2020
$982
-39%
$70,308
1%
2019
$1,612
6%
$69,744
3%
2017
$1,527
—
$67,493
2%
2017
$1,527
-14%
$66,065
-9%
2016
$1,782
-30%
$72,753
-27%
2015
$2,556
8%
$99,585
8%
2014
$2,366
-5%
$92,181
-6%
2013
$2,486
—
$97,757
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Lpt Realty, Llc

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9035 Temple Drive, Lake Wales, FL 33898 (MLS# P4937133) is a Single Family property with 3 bedrooms, 2 full bathrooms and 2 partial bathrooms. 9035 Temple Drive is currently listed for $254,000 and was received on November 25, 2025. Want to learn more about 9035 Temple Drive? Do you have questions about finding other Single Family 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.

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