$370,000
425 E Sessoms Avenue Lake Wales, FL 33853
For Sale MLS# L4957271
2 beds 3 baths 685 sq ft Multi-family
Details for 425 E Sessoms Avenue
MLS# L4957271
Description for 425 E Sessoms Avenue, Lake Wales, FL, 33853
Welcome to 425 E Sessoms Ave in Lake Wales — a turnkey income-producing triplex with major capital improvements already completed. This property includes two 1BR/1BA units and one studio apartment, each with private entrances and consistent rental demand. Investors will appreciate the new roof and new A/C units, offering reduced CapEx for years to come and stronger cash-flow stability. With three rentable units under one structure, this triplex supports multiple income strategies: long-term tenants, traveling professionals, or an owner-occupant looking to house hack. The two 1-bedroom units offer functional layouts with easy value-add potential, while the studio provides an additional revenue stream with strong occupancy potential. Located minutes from downtown Lake Wales, Lake Wailes Park, shopping, dining, medical centers, and major employment hubs, this property sits in a high-demand rental corridor. Key Highlights: • Triplex: (2) 1BR/1BA units + (1) Studio • New Roof + New A/C Units = Reduced long-term maintenance • Multiple income streams under one roof • Separate entrances & flexible rental configurations • Strong rental demand close to downtown and amenities Whether you’re expanding your rental portfolio or looking to offset your mortgage with rental income, this property delivers flexibility, stability, and reliable returns. Schedule your showing today.
Listing Information
Property Type: Residential, Duplex
Status: Active
Bedrooms: 2
Bathrooms: 3
Lot Size: 0.31 Acres
Square Feet: 685 sq ft
Year Built: 1937
Stories: 1 Story
Construction: Block
Subdivision: Lake Wales
Foundation: Slab
Number Of Units Total: 3
County: Polk
Interior Features
Appliances: Refrigerator
Flooring: Laminate,Luxury Vinyl
Additional Interior Features: Ceiling Fan(s), Other
Utilities
Water: Public
Sewer: Other
Other Utilities: Cable Connected,Electricity Connected
Cooling: Central Air, Ceiling Fan(s)
Heating: Other
Exterior / Lot Features
Roof: Shingle
Additional Exterior/Lot Features: Other, Rain Gutters
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 600
Unit 1 Baths Total: 1
Unit 2 Units Total: 2
Unit 2 Actual Rent: 1150
Unit 2 Baths Total: 1
Unit 2 Beds Total: 1
Driving Directions
Hwy 60 to 1st St. Turn north on 1st St, then right onto E Sessoms Ave. Property will be on your left.
Financial Considerations
Terms: Cash,Conventional
Tenant Pays: Electricity
Gross Income: 34800
Tax/Property ID: 27-30-01-883000-018100
Tax Amount: 2877.34
Tax Year: 2024
A broker reciprocity listing courtesy: BHHS FLORIDA PROPERTIES GROUP
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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 425 E Sessoms Avenue
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© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 425 E Sessoms Avenue
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Data powered by ATTOM Data Solutions. Copyright© 2025. 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.
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