9035 TEMPLE DRIVE LAKE WALES FL 33898

Overview of 9035 Temple Dr

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!

This lovely townhouse was built in 1989 and features 3 bedrooms, and 2 full bathrooms plus 2 half baths. This townhouse for sale is 1,652 square feet, with 1,652 sq ft being air conditioned living space. The townhouse has a does not have a private swimming pool.

Directions to this property are as follows: 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.

Please contact your ZFC agent for more information about MLS# MFRP4937133 or any other townhouses for sale in Lake Wales or elsewhere in the Polk County area.