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$385,000
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Property Description
Introducing 224 C street in the tranquil, fast growing city of Lake Wales. This 4-plex offers a steady and reliable source of income, complete with existing tenants. Each of these 2 bedroom one bath units have been recently COMPLETELY REMODELED. Investors will appreciate the immediate cash flow and associated peace of mind. The building offers low maintenance vinyl siding and ALL TENANTS PAY THEIR OWN UTILITIES. A NEW ROOF RATED AT 160 MPH was installed in March, 2024. Each unit rents from $ 1000 to $ 1200/month. So whether you are an experienced investor looking to expand your portfolio or a novice seeking a rliable investment, this property is a testament to the wisdom of real estate ownership in Lake Wales. Also, this property is an excellent addition to any 1031 exchange package. Don't miss this opportunity. Listiing broker has a financial interest in this listing.
Full Property Details
Full Property Details for MLS# L4957393
General
- Sold For: $385,000
- Taxes: $3,064 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MidFloridaRegionalMLS
- MLS ID: L4957393
- Added to Site: 131 day(s) ago
Interior
- Interior Features: Ceiling Fan(s)
- Appliances: Range, Range Hood, Refrigerator
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Exterior
- Exterior Features: Balcony
Location
- Area: 33853 - Lake Wales South
- County: Polk
- Development Name: 33853 - Lake Wales South
- Subdivision: LAKE WALES LAND CO SUB
- Driving Directions: FROM POINTS NORTH OF LAKE WALES : TAKE US HWY 27 SOUTH TO WASHINGTON AVENUE, TURN LEFT. THEN DRIVE 0.7 MILES TO C STREET. TURN RIGHT ONTO C STREET. PROPERTY IS DOWN THE BLOCK ON THE LEFT. FROM POINTS SOUTH OF LAKE WALES : TAKE US HWY 27 NORTH TO WASHINGTON AVENUE. TURN RIGHT. THEN DRIVE 0.7 MILES TO C STREET. TURN RIGHT ON C STREET. PROPERTY IS DOWN THE BLOCK ON THE LEFT. PLEASE DO NOT DISTURB THE TENANTS. TENANTS ARE UNAWARE OF LISTING.
Community
- Community Name: 33853 - Lake Wales South
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Structural Information
- # Buildings: 1
- Exterior Const.: Vinyl Siding, Wood Frame
- Roof: Shingle
- Stories/Levels: Two
- Square Feet: 2,668
- Sq. Ft. Source: Public Records
- Living Area: 2,668 Sq. Ft.
- Year Built: 1947
Lot Features
- Lot Size (Acres): 0.15
- Lot Size (Sq. Ft.): 6,384
- Lot Size: 6384
- Lot Dimensions: 48 x 133
- Street/Road Desc.: Concrete
Financial Considerations
- Tax Amount: $3,064.65
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: POLK COUNTY PARCEL 272935879000003142 WITH LEGAL TO FOLLOW AT CLOSING
- Flood Zone Info: X
- APN: 272935879000003142`
- Property ID: 272935879000003142`
Listed by Hosanna Real Estate Services
Sold by Lpt Realty, Llc
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Price & Sales History for MLS# L4957393
Date
Details
Price
Change
Source
3/09/2026
Sold
$385,000
-3.74%
MLS
11/19/2025
Listed
$399,950
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
MLS# L4957393, Lake Wales, FL 33853 (MLS# L4957393) is a Multi-Family property that was sold at $385,000 on March 09, 2026. Want to learn more about MLS# L4957393? Do you have questions about finding other Multi-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.

