434 E Tillman Avenue Lake Wales, FL 33853
Pending MLS# L4957773
12 beds 7 baths 4,466 sq ft Multi-family
Details for 434 E Tillman Avenue
MLS# L4957773
Description for 434 E Tillman Avenue, Lake Wales, FL, 33853
Under contract-accepting backup offers. Price Reduced $25,000 – Seller Motivated! An outstanding investment opportunity just got even better in the heart of Lake Wales. The seller has lowered the price by $25,000, creating a compelling value for investors seeking strong cash flow and long-term upside. This 7-unit multifamily property offers solid rental income, strong occupancy, and multiple recent upgrades—making it a true turnkey addition to any portfolio. The unit mix includes five 2-bed/1-bath units and two 1-bed/1-bath units, a proven combination for stable, long-term tenancy. Major improvements have already been completed, including new roofs and some newer A/C systems, helping reduce future capital expenses and enhance operational efficiency. A standout feature is the large onsite storage area, presenting excellent value-add or expansion potential. Whether converted into income-producing storage units or reconfigured for future improvements, this space offers flexibility and upside. Ideally located near schools, shopping, dining, and major roadways, the property benefits from strong tenant demand and consistent occupancy. Investor Highlights • Price reduced $25,000 • 7 units (5× 2/1 + 2× 1/1) • New roofs & newer A/C systems • Strong existing cash flow • High occupancy history • Expansion or storage income potential • Central Lake Wales location With pricing improved and upside still intact, this is a rare opportunity to acquire a stabilized multifamily asset with room to grow. Bring your offers—this one is ready to move.
Listing Information
Property Type: Residential, Multi Family
Status: Pending
Bedrooms: 12
Bathrooms: 7
Lot Size: 0.26 Acres
Square Feet: 4,466 sq ft
Year Built: 1920
Stories: 2 Story
Construction: Vinyl Siding,Wood Frame
Subdivision: Lake Wales
Foundation: Slab
Number Of Units Total: 7
County: Polk
Interior Features
Additional Interior Features: Ceiling Fan(s), Built-in Features, Solid Surface Counters, Wood Cabinets
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Cable Connected,Electricity Connected,Phone Available
Cooling: Central Air, Ceiling Fan(s)
Heating: Electric
Exterior / Lot Features
Roof: Shingle, Membrane
Additional Exterior/Lot Features: None, Storage
Unit Information
Unit 1 Units Total: 2
Unit 1 Actual Rent: 1000
Unit 1 Baths Total: 1
Unit 1 Beds Total: 1
Unit 2 Units Total: 5
Unit 2 Actual Rent: 1300
Unit 2 Baths Total: 1
Unit 2 Beds Total: 2
Driving Directions
From US-27: 1. Head east on Central Ave / FL-60 E. 2. Turn right onto S 4th Street. 3. Continue straight for approx. 0.3 miles. 4. Turn left onto E Tillman Avenue. 5. The property at 434 E Tillman Ave will be on your right. From Downtown Lake Wales: 1. Travel east on E Stuart Ave. 2. Turn right onto N 1st Street. 3. Turn left onto E Tillman Avenue. 4. Continue straight; property will be on your left. From SR-60 (coming from Vero Beach direction): 1. Take FL-60 W toward Lake Wales. 2. Turn left onto S 4th Street. 3. After 0.3 miles, turn left onto E Tillman Avenue. 4. Property is on the right.
Financial Considerations
Terms: Cash,Conventional
Tenant Pays: Electricity
Gross Income: 102000
Tax/Property ID: 27-30-01-883000-042040
Tax Amount: 3028
Tax Year: 2024
A broker reciprocity listing courtesy: BHHS FLORIDA PROPERTIES GROUP
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Sales History & Tax Summary for 434 E Tillman Avenue
Sales History
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Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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| Currently not available. | ||
Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 434 E Tillman Avenue
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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.
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