$2,350,000
114 E Northside Drive Lake Wales, FL 33853
For Sale MLS# TB8455056
32 beds 19 baths 11,937 sq ft Multi-family
Details for 114 E Northside Drive
MLS# TB8455056
Description for 114 E Northside Drive, Lake Wales, FL, 33853
SELLER FINANCING AVAILABLE. North Oak 19-Unit Portfolio, a rare multifamily investment opportunity spread across three properties in Polk County, Florida. The North Oak portfolio includes: Northside Apartments: 114 E Northside, Lake Wales, FL: Built in 1964, this eight-unit property consists of four concrete block duplexes with pitched shingle roofs. Each unit features a 2-bedroom, 1-bathroom configuration. The property has been fully renovated in the past two years, with both electricity and water sub-metered, allowing tenants to pay for their own utilities. Trash services are included in the property taxes, keeping operational costs low. The roofs are in good condition, contributing to the property's low-maintenance appeal. Oakcrest Apartments 118 Oak Crest Dr NW, Winter Haven, FL: Constructed in 1984, this eight-unit property comprises two fourplex buildings. The unit mix includes two 2-bedroom, 1-bathroom units and six 1-bedroom, 1-bathroom units, all built with a wood-frame construction and featuring pitched shingle roofs. The electricity is sub-metered, with tenants responsible for their electric bills, while water is provided by the city and paid for by the landlord. The property uses a septic tank system, also maintained by the landlord. Haven Apartments 140 Ave W NW, Winter Haven, FL Built in 1974, this three-unit property offers all 2-bedroom, 1-bathroom units constructed from concrete block with pitched shingle roofs. Both water and electricity are sub-metered, and the property benefits from a central AC system. Sewer and water services are provided by the city. With a total of 19 units, a mix of both 1-bedroom and 2-bedroom apartments, and well-maintained utility systems, the North Oak portfolio represents a stable, high-potential opportunity for multifamily investors looking to capitalize on the rental demand in Polk County’s growing markets.
Listing Information
Property Type: Residential, Multi Family
Status: Active
Bedrooms: 32
Bathrooms: 19
Lot Size: 0.30 Acres
Square Feet: 11,937 sq ft
Year Built: 1964
Construction: Concrete,Wood Frame
Subdivision: Northside Heights
Foundation: Slab
Number Of Units Total: 19
County: Polk
Interior Features
Additional Interior Features: Other
Utilities
Water: Public
Sewer: Septic Tank
Other Utilities: Electricity Connected,Water Connected
Cooling: Central Air
Heating: Central
Exterior / Lot Features
Roof: Shingle
Lot View: Lake,Water
Lot Dimensions: 50x173
Additional Exterior/Lot Features: Other
Waterfront Details
Water Front Features: Lake Privileges
Unit Information
Unit 1 Units Total: 6
Unit 1 Actual Rent: 1000
Unit 1 Baths Total: 1
Unit 1 Beds Total: 1
Unit 2 Units Total: 13
Unit 2 Actual Rent: 1200
Unit 2 Baths Total: 1
Unit 2 Beds Total: 2
Driving Directions
Portfolio Property
Financial Considerations
Terms: Cash,Conventional,Owner May Carry
Tenant Pays: Electricity,Water
Tax/Property ID: 27-29-34-875300-001200
Tax Amount: 6998.57
Tax Year: 2024
A broker reciprocity listing courtesy: FLORIDA REALTY INVESTMENTS
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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 114 E Northside Drive
Sales History
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Tax Summary
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Schools
Schools nearby 114 E Northside 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
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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