$850,000
434 E Tillman Avenue Lake Wales, FL 33853
For Sale 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
Discover an outstanding investment opportunity in the heart of Lake Wales! This 7-unit multifamily property offers strong rental income, solid occupancy, and multiple recent upgrades that make it a turnkey addition to your portfolio. The property features five 2-bed/1-bath units and two 1-bed/1-bath units, providing a versatile mix ideal for long-term tenants. Several major improvements have already been completed, including new roofs and some newer A/C systems, giving peace of mind and reducing upcoming maintenance costs. One of the standout benefits of this property is the large onsite storage area, offering excellent potential for expansion or value-add opportunities. Whether you’re looking to increase income with additional storage rentals or reconfigure the space for future improvements, the options are there. Located close to schools, shopping, dining, and major roadways, tenants enjoy convenience and strong accessibility—helping keep occupancy consistently high. Investor Highlights: • 7 rental units (5× 2/1 + 2× 1/1) • New roofs & some newer A/C units • Strong existing cash flow • High occupancy history • Expansion potential for storage area • Centrally located with steady rental demand This is the kind of multifamily property that rarely hits the market—stable, improved, and packed with upside. Don’t miss your chance to secure a high-performing asset in one of Central Florida’s growing markets!
Listing Information
Property Type: Residential, Multi Family
Status: Active
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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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 434 E Tillman Avenue
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 434 E Tillman 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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