315 Ridge Manor Drive, Lake Wales, FL 33853
- $759,000
- 6
- BD
- 12
- BA
- 5,030
- SqFt
- List Price
- $759,000
- Status
- Active
- Days on Market
- 129
- Price Change
- ▼ $16,000 1784312732
- MLS#
- K4903360
- Property Style
- Quadruplex
- Year Built
- 1926
- Bedrooms
- 6
- Bathrooms
- 12
- Living Area
- 5,030
- Lot Size
- 34,360
- Acres
- 0.79
- Total Acreage
- 1/2 to less than 1
- Legal Subdivision Name
- Ridge Manor
- MLS Area Major
- Lake Wales South
Property Description
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!
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Additional Information
- Taxes
- $9928
- Minimum Lease
- No Minimum
- Annual Gross Income
- 101524
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- R-2
- Interior Layout
- Window Treatments
- Interior Features
- Window Treatments
- Utilities
- Electricity Connected, Propane, Public
- Heating
- Electric, Space Heater
- Air Conditioning
- Wall/Window Unit(s)
- Fireplace
- Yes
- Fireplace Description
- Living Room
- Exterior Construction
- Stucco, Frame
- Exterior Features
- Storage
- Roof
- Other, Shingle
- Foundation
- Crawlspace
- Pool
- No Pool
- Flood Zone Code
- X
- Parcel ID
- 27-30-11-916000-011040
- Legal Description
- RIDGE MANOR SECOND UNIT PB 19 PG 16 BLK 11 LOTS 4 THRU 6 & PT OF LOT 7 DESC AS: BEG SE COR NLY TO NE COR W 30 FT SLY 151.95 FT TO POB
Listing courtesy of LEGACY REAL ESTATE CENTER INC. 863-676-0200
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