1854 Highland Park DRIVE S #A-F Lake Wales, FL $ 899,000
1854 Highland Park DRIVE S #A-F
$ 899,000
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1854 Highland Park DRIVE S #A-F

Lake Wales, FL, 33898
$ 899,000
Bedrooms6 Baths8.0 Sq 4,264

Monthly Estimate*

$ 5,975

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Multi-Family Home for sale in Lake Wales, FL

for $899,000 with 6 bedrooms and 8 full baths. This 4,264 square foot home was built in 1923 on a lot size of 0.99.

Unique opportunity to own a true LAKEFRONT 6 unit income property! With 100 feet of frontage on Lake Easy and a large one acre lot, this 4660+ square foot Multi-Family property has something to offer for everyone. Located in the quaint village of Highland Park, this location features a community park, walkable streets for afternoon or morning strolls, old growth and mature landscaping everywhere with that nostalgic feeling of a true neighborhood. Access to Lake Easy provides both fishing and recreation with its sandy bottom and panoramic views. This one-of-a-kind property is a must see to appreciate. All units have leases in place with a total monthly income generating approx $6870. There are two 2 bedroom/2 bath downstairs units, both lakefront; two upstairs 1 bedroom/1 bath units, both lakefront; and 2 studio units, with no lakefront views. Most units have been recently updated, with 2 units ready to be refreshed when there is a tenant turnover (which is rare!)

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Multi-Family Active

Price

$ 899,000

Bedrooms

6

Full Bath

8

Property Type

Multi-Family

Taxes

$ 10,378

Style

Multi Family

Lot Size

0.99

Year Built

1923

Town/City

Lake Wales

County/Region

Polk

MLS | Web ID

K4902471

Features
General
Interior Features Ceiling Fan(s) Living Room/Dining Room Combo Split Bedroom
Sewer Septic Tank
Heating Baseboard Electric
Cooling Wall/Window Unit(s)
Utilities Cable Available Electricity Connected Street Lights Water Connected
Roof Other Shingle
Appliances Dryer Electric Water Heater Range Range Hood Refrigerator Washer
Exterior Features Outbuilding Balcony Other Rain Gutters Storage
Zoning R-2
Patio/Porch Features Deck Patio Porch
Construction Materials Stucco Wood Frame
Pets Allowed Yes
Year Built 1923
View Water
Levels Two
Unit Number A-F
Property SubType Multi Family
Tax Year 2023
Percent Ownership Fee Simple
Waterfront Features Lake
Community Features Golf Park Playground Sidewalks
County Polk
New Construction No
Property Type Residential Income
Association Amenities Park Playground
HOA / Comm Assn No
Attached Garage No
Subdivision Name HIGHLAND PARK SUB
Garage Y/N No
Other Structures Shed(s) Storage
Status Active
Directions From Lake Wales travel south on Scenic Hwy turn left into Village of Highland Park road forks stay right. Continue through neighborhood keeping right property is on the right side of the road.
City LAKE WALES
Buyer Agent Compensation 2.5%
Body of Water Lake Easy
Senior Community Y/N No
NumberOfUnitsTotal 6
MLS Area 33898 - Lake Wales
Lot Size Units Square Feet
Lot Size Square Feet 43085
Private Pool No
Waterfront Y/N Yes
Carport Y/N No
Street Name Highland Park
Listing Terms Cash Conventional
Property Attached Y/N Yes
Tax Annual Amount 10378.05
Public Remarks Unique opportunity to own a true LAKEFRONT 6 unit income property! With 100 feet of frontage on Lake Easy and a large one acre lot this 4660+ square foot Multi-Family property has something to offer
Ok to Lease 12 Months
Lease Considered Y/N Yes
Virtual Tour https://www.propertypanorama.com/instaview/stellar/K4902471
Days on Market 8
Living Area Units Square Feet
Standard Status Active
Tax Lot 69
Legal Description HIGHLAND PARK SUB PB 4 PG 70 S13 T30 R27 IN SEC 24 T30 R27 IN SEC 18 T30 R28 IN SEC 19 T30 R28 LOT 69 & ST SOUTH OF SAME & RIPARIAN RIGHTS
Water View Lake
Water Access Type Lake
Minimum Lease No Minimum
Water Access Y/N Yes
Water View Y/N Yes
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Interior
Flooring Carpet Ceramic Tile Hardwood
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Street Suffix DRIVE
Laundry Features Common Area Inside Laundry Room
Total Bedrooms 6
Total Baths 8
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Exterior
Lot Features Gentle Sloping In County Landscaped Street Dead-End
Water Source Private
Lot Size Area 43085
Foundation Details Slab
Number of Buildings 1
Building Area Total 4660
Lot Dimensions 100 x 370
Lot Size Acres 0.99
Road Surface Type Paved Asphalt
Road Frontage Type Street Dead-End Street Paved
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* Excluded Features
List By
Legacy Real Estate Center Inc

Broker

dolores@legacyrealestatecenter.com

Email

Affordability Calculator

$6,840
Per Month
87%
13%
0%
Monthly Principal & Interest
$5,975
Monthly Property Taxes
$865
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
266288 Elementary School
265661 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/20/2024$899,000 Listed Price

Map


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1854 Highland Park DRIVE S #A-F, Lake Wales, FL, 33898 is a Multi-Family Home for sale at $899,000 with 4,264 sqft and a lot size of 0.99. 1854 Highland Park DRIVE S #A-F has 6 bedrooms, 8.0 baths, and was built in 1923. The property's zip code is 33898 which is in Lake Wales, FL