$254,000
9035 Temple Drive Lake Wales, FL 33898
For Sale MLS# P4937133
3 beds 4 baths 1,652 sq ft Single Family
Details for 9035 Temple Drive
MLS# P4937133
Description for 9035 Temple Drive, Lake Wales, FL, 33898
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!
Listing Information
Property Type: Residential, Villa
Status: Active
Bedrooms: 3
Bathrooms: 4
Lot Size: 0.54 Acres
Square Feet: 1,652 sq ft
Year Built: 1989
Stories: 1 Story
Construction: Concrete
Subdivision: West Indian Lake Heights Sub
Foundation: Block
County: Polk
Room Information
Main Floor
Dining Room:
Bathroom 1: 7x7
Bedroom 2: 10x10
Primary Bedroom: 14x10
Living Room:
Kitchen:
Upper Floor
Bathroom 1: 4x8
Bathroom 2: 7x5
Bedroom 3: 10x8
Bedroom 2: 10x8
Primary Bathroom: 8x5
Primary Bedroom: 11x14
Primary Bedroom: 9x9
Bathrooms
Full Baths: 2
1/2 Baths: 2
Interior Features
Appliances: Microwave, Range, Refrigerator
Flooring: Wood
Additional Interior Features: Other
Utilities
Water: Private, Well
Other Utilities: Other,Sewer Not Available
Cooling: Wall/Window Unit(s)
Heating: Window Unit, Wall Furnace
Exterior / Lot Features
Roof: Metal
Lot Dimensions: 164x159
Additional Exterior/Lot Features: Other
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.
Financial Considerations
Terms: Cash,Conventional
Tax/Property ID: 29-31-05-000000-023030
Tax Amount: 2780.19
Tax Year: 2024
A broker reciprocity listing courtesy: LPT REALTY, LLC
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 9035 Temple Drive
Sales History
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Tax Summary
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Schools
Schools nearby 9035 Temple Drive
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
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