• Listing status icon

    $700,000

  • 7/17/17 | MLS#: P4710940
  • 8,012Sq Ft
  • 7.94Acre

LAKE WALES, FL 33853

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Listing provided courtesy of: RE/MAX Associate Realty

Overview

LOCATION! LOCATION! TWO WATERFRONT PARCELS ON LAKE MABEL VERY WELL KEPT. HAS EXCELLENT INCOME. MONTHLY RENTS HAVE BEEN INCREASED BUT IS STILL CONSIDERED LOW. INCOME NOW IS CURRENTLY 11,700. A MONTH/ YEARLY INCOME OVER 140,000. SHOWS A 10.2 CAP RATE PLUS ANOTHER 400-600 FROM LAUNDRY ROOM. 2016 INCOME WAS 138,300. P & L IS ATTACHED (LOWER RENTS LAST YEAR DUE TO OWNER IN ONE OF THE UNITS). ALWAYS FULL VERY LOW VACANCIES RATIO. PLENTY OF LAND TO POSSIBILITY EXPAND MORE INCOME (ZONING FOR ADDITION PARCEL IS CURRENTLY RESIDENTIAL) NICE QUIET AND EXCELLENT REPUTATION. SOME TENANTS HAVE LIVED THERE FOR SEVERAL YEARS. THREE STORAGE SHEDS. LOCATED APPROXIMATELY 45 MINUTES FROM DISNEY WORLD, 15 MINUTES FROM LEGOLAND, SURVEY IS AVAILABLE. THERE IS AN ADDITIONAL 2 ACRE ADJACENT PARCEL 27-29-11-000000-044030 THAT IS INCLUDED IN THE SALE. THERE IS AN OLD FRAME BUILDING THAT IS USED FOR STORAGE. INTERIOR OF ALL UNITS SHOW EXTREMELY WELL. DO NOTAPPROACH THE TENANTS. A TOTAL OF 7 ACRES +/- ELECTRIC, WATER AND CABLE IS INCLUDED. PROPERTY CONSIST OF 7 CONCRETE ONE BEDROOM COTTAGES, 1 TWO BEDROOM PARK MODEL, 2 MOBILE HOMES CONVERTED IN DUPLEXES MAKING 4 UNITS, 2 RV'S, 1 FRAME HOUSE MAKES UP 4 UNITS. ROOM TO POSSIBLE EXPANSION. 18 TOTAL UNIT CURRENTLY. PRICE INCLUDES BOTH PARCELS 27 29 11 000000 044010 AND 27 29 11 000000 044010 PROFIT AND LOSS FOR 2016 IS ATTACHED TO THIS LISTING. ON SITE MANAGER IS WILLING TO STAY. PRICED TO SELL QUICKLY OWNER WANT TO RELOCATE

General Features

  • Year Built 1969
  • Zoning C-3
  • Business Type Mobile/Trailer Park,Residential
  • Other Structures Maintenance, Storage, Utility
  • Additional Parcels Description 27-29-11-000000-044030
  • Additional Parcels YN 1
  • County Or Parish Polk

Building Features

  • Roof Metal
  • Security Features Fire Alarm, Security Lights
  • Building Area Source Public Records
  • Building Area Total 8,012
  • Construction Materials Block, Metal, Other, Siding
  • Flooring Carpet, Tile, Vinyl
  • Cooling Central Air, Wall/Window Unit(s)
  • Heating Central, Wall Units / Window Unit
  • Living Area 5972.00

Property Features

  • Lot Size Acres 7.94
  • Lot Features Waterfront
  • Lot Size Square Feet 427384
  • Property Condition Existing
  • Road Frontage Type Highway
  • Total Acreage 5 to less than 10
  • View Water
  • Waterfront Yn 1
  • Waterfront Features Lake
  • Waterfront Feet Total 380
  • Water View Lake
  • Water View Yn 1
  • Water Access Lake
  • Water Access Yn 1
  • Water Extras Dock - Wood
  • Water Extras Yn 1
  • Total Num Buildings 17
  • Water Frontage Feet Lake 380

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Days on Market

  • This property was listed on the market for 44 days

Location

The property map location is: Generalized, identified to the zip code.

Walk Score

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Home Valuation

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Community Demographics for Zip Code 33853 (LAKE WALES)

Housing Occupancy
  • Home Owners: 1,814 (37%)
  • Renters: 1,663 (34%)
  • Vacant: 1,469 (30%)
  • Total Housing Units: 4,946
Households
  • Average Household Size: 2.49
  • Housing Density (People per square mile): 1,074
Age Range (number of people)
  • Age 0-14: 2,274
  • Age 15-24: 1,295
  • Age 25-39: 1,658
  • Age 40-59: 1,796
  • Age 60-79: 1,192
  • Age 80+: 545
  • Total: 8,760

* All numbers in this section are 2016 projections provided by Geolytics Inc

School Information for 33853 (LAKE WALES)

Public Schools in Zip Code 33853 (LAKE WALES)

* This list of schools may not match the property above.

LAKE WALES SENIOR HIGH SCHOOL 1 HIGHLANDER WAY LAKE WALES, FL 33853 Phone: 8636784222 9th-12th
Grade Size Distribution
  • 9th: 328
  • 10th: 381
  • 11th: 292
  • 12th: 310
School Population
  • Teachers: 84
  • Students per Teacher: 15.6
  • Students: 1311
  • Male/Female: 659/630
School District
  • POLK
  • 1915 SOUTH FLORAL AVE BARTOW, FL 33830
  • Phone: 8635340521
District Population
  • Schools: 175
  • Full-Time Teachers: 7548
  • Students per Teacher: 12.5
  • Staff: 13993
  • Students: 94657
HILLCREST ELEMENTARY SCHOOL 1051 STATE RD 60 EAST LAKE WALES, FL 33853 Phone: 8636784216 PreK-5th
Grade Size Distribution
  • PreK: 13
  • Knd: 112
  • 1st: 97
  • 2nd: 91
  • 3rd: 96
  • 4th: 92
  • 5th: 101
School Population
  • Teachers: 51
  • Students per Teacher: 11.8
  • Students: 602
  • Male/Female: 285/285
School District
  • POLK
  • 1915 SOUTH FLORAL AVE BARTOW, FL 33830
  • Phone: 8635340521
District Population
  • Schools: 175
  • Full-Time Teachers: 7548
  • Students per Teacher: 12.5
  • Staff: 13993
  • Students: 94657
JANIE HOWARD WILSON SCHOOL 306 FLORIDA AVE LAKE WALES, FL 33853 Phone: 8636784211 PreK-5th
Grade Size Distribution
  • PreK: 18
  • Knd: 98
  • 1st: 89
  • 2nd: 84
  • 3rd: 91
  • 4th: 81
  • 5th: 92
School Population
  • Teachers: 50
  • Students per Teacher: 11.1
  • Students: 553
  • Male/Female: 275/234
School District
  • POLK
  • 1915 SOUTH FLORAL AVE BARTOW, FL 33830
  • Phone: 8635340521
District Population
  • Schools: 175
  • Full-Time Teachers: 7548
  • Students per Teacher: 12.5
  • Staff: 13993
  • Students: 94657
MCLAUGHLIN MIDDLE SCHOOL 800 SOUTH 4TH ST LAKE WALES, FL 33853 Phone: 8636784233 PreK-8th
Grade Size Distribution
  • PreK: 26
  • 6th: 178
  • 7th: 179
  • 8th: 227
School Population
  • Teachers: 60
  • Students per Teacher: 10.2
  • Students: 610
  • Male/Female: 306/291
School District
  • POLK
  • 1915 SOUTH FLORAL AVE BARTOW, FL 33830
  • Phone: 8635340521
District Population
  • Schools: 175
  • Full-Time Teachers: 7548
  • Students per Teacher: 12.5
  • Staff: 13993
  • Students: 94657
OUR CHILDREN'S ACADEMY 555 BURNS AVE LAKE WALES, FL 33853 Phone: 8636793338 PreK-3rd
Grade Size Distribution
  • PreK: 48
  • Knd: 9
  • 1st: 6
  • 2nd: 7
  • 3rd: 3
School Population
  • Teachers: 6
  • Students per Teacher: 12.2
  • Students: 73
  • Male/Female: 48/19
School District
  • POLK
  • 1915 SOUTH FLORAL AVE BARTOW, FL 33830
  • Phone: 8635340521
District Population
  • Schools: 175
  • Full-Time Teachers: 7548
  • Students per Teacher: 12.5
  • Staff: 13993
  • Students: 94657
POLK AVENUE ELEMENTARY SCHOOL 110 EAST POLK AVE LAKE WALES, FL 33853 Phone: 8636784244 PreK-5th
Grade Size Distribution
  • PreK: 11
  • Knd: 98
  • 1st: 86
  • 2nd: 94
  • 3rd: 82
  • 4th: 79
  • 5th: 93
School Population
  • Teachers: 43
  • Students per Teacher: 12.6
  • Students: 543
  • Male/Female: 277/228
School District
  • POLK
  • 1915 SOUTH FLORAL AVE BARTOW, FL 33830
  • Phone: 8635340521
District Population
  • Schools: 175
  • Full-Time Teachers: 7548
  • Students per Teacher: 12.5
  • Staff: 13993
  • Students: 94657
ROOSEVELT ACADEMY 115 EAST ST LAKE WALES, FL 33853 Phone: 8636784252 PreK-12th
Grade Size Distribution
  • PreK: 6
  • 6th: 44
  • 7th: 37
  • 8th: 33
  • 9th: 34
  • 10th: 45
  • 11th: 20
  • 12th: 41
School Population
  • Teachers: 30
  • Students per Teacher: 8.7
  • Students: 260
  • Male/Female: 180/76
School District
  • POLK
  • 1915 SOUTH FLORAL AVE BARTOW, FL 33830
  • Phone: 8635340521
District Population
  • Schools: 175
  • Full-Time Teachers: 7548
  • Students per Teacher: 12.5
  • Staff: 13993
  • Students: 94657
SPOOK HILL ELEMENTARY SCHOOL 321 DR JA WILTSHIRE AVE EAST LAKE WALES, FL 33853 Phone: 8636784262 PreK-5th
Grade Size Distribution
  • PreK: 31
  • Knd: 83
  • 1st: 105
  • 2nd: 105
  • 3rd: 82
  • 4th: 76
  • 5th: 69
School Population
  • Teachers: 44
  • Students per Teacher: 12.5
  • Students: 551
  • Male/Female: 255/268
School District
  • POLK
  • 1915 SOUTH FLORAL AVE BARTOW, FL 33830
  • Phone: 8635340521
District Population
  • Schools: 175
  • Full-Time Teachers: 7548
  • Students per Teacher: 12.5
  • Staff: 13993
  • Students: 94657

Private Schools in Zip Code 33853 (LAKE WALES)

* This list of schools may not match the property above.

THE VANGUARD SCHOOL 2249 N US Hwy 27 Lake Wales, FL 33853 Phone: 8636766091 4th-12th
Grade Size Distribution
  • 4th: 1
  • 5th: 2
  • 6th: 5
  • 7th: 11
  • 8th: 7
  • 9th: 17
  • 10th: 36
  • 11th: 28
  • 12th: 26
School Population
  • Teachers: 0
  • Students per Teacher: N/A
  • Students: 133
First United Methodist Preschool 230 N 5th St. Lake Wales, FL 33853 Phone: 8636766617 PreK-12th
Grade Size Distribution
  • PreK: 73
  • Knd: 10
School Population
  • Teachers: 0
  • Students per Teacher: N/A
  • Students: 83
Lake Wales Lutheran School 640 S Scenic Hwy. Lake Wales, FL 33853 Phone: 8636767300 PreK-12th
Grade Size Distribution
  • PreK: 25
  • Knd: 7
  • 1st: 4
  • 2nd: 7
  • 3rd: 5
  • 4th: 6
  • 5th: 4
  • 6th: 4
  • 7th: 6
  • 8th: 6
School Population
  • Teachers: 0
  • Students per Teacher: N/A
  • Students: 74

* School data provided by US Department of Education


Listing information provided in part by the IDX Program of My Florida Regional MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Data last updated on 4/20/2018 3:15 AM PST.

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