$799,000
315 Ridge Manor Drive Lake Wales, FL 33853
For Sale MLS# K4903360
6 beds 12 baths 5,030 sq ft Multi-family
Details for 315 Ridge Manor Drive
MLS# K4903360
Description for 315 Ridge Manor Drive, Lake Wales, FL, 33853
Exceptional 11-Unit Income Opportunity with Strong Rental Appeal! Don’t miss this unique mixed-unit multifamily property offering a versatile unit mix designed to attract a wide range of tenants and help minimize vacancies. With all 11 units currently occupied and long-term leases in place, this property provides immediate and stable income for the savvy investor. Ideally located with convenient access to schools, shopping, medical facilities, and major travel routes including Hwy 27 and SR 60, tenants enjoy easy north/south/east/west commuting—making this a highly desirable rental location. Recent improvements include a new roof and new septic drainfield, offering added peace of mind and reduced near-term capital expenses. Whether you’re expanding your portfolio or seeking your first solid, income-producing asset, this property checks all the boxes. Private showings are now being scheduled—secure your opportunity today!
Listing Information
Property Type: Residential, Quadruplex
Status: Active
Bedrooms: 6
Bathrooms: 12
Lot Size: 0.79 Acres
Square Feet: 5,030 sq ft
Year Built: 1926
Stories: 1 Story
Construction: Stucco,Wood Frame
Subdivision: Ridge Manor
Foundation: Crawlspace
Number Of Units Total: 11
County: Polk
Additonal Room Information
Laundry: Outside, Common Area, Laundry Room
Interior Features
Basement: Crawl Space
Doors/Windows: Window Treatments
Fireplaces: Living Room
Additional Interior Features: Window Treatments
Utilities
Water: Public
Sewer: Septic Tank
Other Utilities: Electricity Connected,Propane,Municipal Utilities
Cooling: Wall/Window Unit(s)
Heating: Electric, Space Heater
Exterior / Lot Features
Roof: Other, Shingle
Additional Exterior/Lot Features: Storage, Patio, Porch, Screened
Unit Information
Unit 1 Units Total: 6
Unit 1 Actual Rent: 4675
Unit 1 Baths Total: 1
Unit 2 Units Total: 1
Unit 2 Actual Rent: 1025
Unit 2 Baths Total: 2
Unit 2 Beds Total: 2
Unit 3 Units Total: 4
Unit 3 Actual Rent: 3590
Unit 3 Baths Total: 1
Unit 3 Beds Total: 1
Driving Directions
From Hwy 27 travel south to Lake Wales, turn east onto Central Ave, turn right onto First Street, turn left onto Ridge Manor Drive, property is on the corner of Exmor and Ridge Manor Drive.
Financial Considerations
Terms: Cash,Conventional
Gross Income: 101524
Tax/Property ID: 27-30-11-916000-011040
Tax Amount: 9928
Tax Year: 2025
A broker reciprocity listing courtesy: LEGACY REAL ESTATE CENTER INC
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Payment Calculator
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 315 Ridge Manor Drive
Sales History
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Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 315 Ridge Manor Drive
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
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.
Coming soon properties will soon be on the market, but are not yet available for showings.