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401 DOMARIS AVE Lake Wales, FL 33853
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Key Details
Sold Price $1,150,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 16,754 sqft
Price per Sqft $68
Subdivision Colonial Heights Resub
MLS Listing ID O5881078
Sold Date 01/18/21
Construction Status Inspections
HOA Y/N No
Year Built 1970
Annual Tax Amount $13,209
Lot Size 1.460 Acres
Acres 1.46
Property Description
22 units total. 10 units with 2 bed./1 bath, 12 units with 1 bed./1 bath. Community is fully occupied, solid block concrete, located on the South 4th street from East Hwy 60. 3 minutes to Publix shopping center, 5 minutes to Walmart shopping center, 5 Mins to downtown Lake Wales. Current average rent for 2 bed 1 bath $700, 1 bed 1 bath $575. The current rent much below market value, lots of potential for new owner to increase rent. Very low maintenance cost and expenses, Tenants pay electricity with separate meter, owner pays Tax, Water, Dumpster, Insurance & Maintenance. Please do not disturb tenants, call agent, showing after executed contract.
Location
State FL
County Polk
Community Colonial Heights Resub
Zoning C-2
Interior
Heating Central, Electric
Cooling Central Air, Mini-Split Unit(s)
Flooring Ceramic Tile
Appliance Refrigerator
Exterior
Parking Features 13 to 18 Spaces
Utilities Available Electricity Available, Public
Building
Story 1
Entry Level One
Foundation Slab
Lot Size Range 1 to less than 2
Sewer Public Sewer
Structure Type Stucco
New Construction false
Construction Status Inspections
Others
Ownership Corporation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with YANG REALTY INC