303 East Polk Avenue

Lake Wales, FL 33853

$570,000
Price
—
Beds
3,669 Sq. Ft.
$155 / Sq. Ft.
3,669
Sq. Ft.
$155
per Sq. Ft.

Description

Looking for an investment opportunity look no further! This single family home also has a detached duplex and 2 additional tiny homes. This oversized lot is nestled in the heart of Lake Wales just minutes from downtown. The single family home is nearly 2,300 living sq. ft. and is currently used for student housing. The main house has 5 bedrooms 2 bathrooms. The detached duplex units are both efficiency units with 1 bathroom. There are also two additional single family homes that are both 1 bedroom...Looking for an investment opportunity look no further! This single family home also has a detached duplex and 2 additional tiny homes. This oversized lot is nestled in the heart of Lake Wales just minutes from downtown. The single family home is nearly 2,300 living sq. ft. and is currently used for student housing. The main house has 5 bedrooms 2 bathrooms. The detached duplex units are both efficiency units with 1 bathroom. There are also two additional single family homes that are both 1 bedroom and 1 bathroom. The monthly rents total $6,635.00 and an annual gross income of $79,620.00. So call today to get in on the action before this amazing opportunity slips away! Once property has an executed contract access will be granted during due diligence period.
  1. Listed by Matt Mesimer • KELLER WILLIAMS REALTY SMART 1

Property Details for 303 East Polk Avenue

Subdivision Name
LAKE WALES
Township
30
Waterfront
No

Location

Listing Courtesy of KELLER WILLIAMS REALTY SMART 1, Matt Mesimer
Add your commute
LISTING UPDATED: 05/09/2024 06:50 AM

Property Details for 303 East Polk Avenue

StatusActive
MLS #L4944595
Days on Market15
Taxes$6,582 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1925
Lot Size0.62 AC / 26,990 SF
CountyPolk County

Location

Listing Courtesy of KELLER WILLIAMS REALTY SMART 1, Matt Mesimer
Add your commute

Building Information for 303 East Polk Avenue

Stories-Residences8Year Built1925Building Size-Lot Size0.62 AC / 26,990 SF

Payment Calculator

$3,659 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,111

Property Taxes

$549

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 303 East Polk Avenue

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 4116.0
  • Building Area Units: Square Feet
  • Directions: FROM HWY 60 TURN ONTO W POLK AVE PROPERTY WILL BE AHEAD ON LEFT
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 303
  • Street Direction Prefix: E
  • Street Name: POLK
  • Street Suffix: AVENUE
  • State: FL
  • City: LAKE WALES
Parking
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: 50
  • Tax Book Number: 1-88A
  • Tax Legal Description: LAKE WALES PB 1 PG 88A 88B S1&2 T30 R27 BLK 50 LOTS 6 & 7
  • Tax Lot: 6
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Lot Size Dimensions: 150x180
  • Parcel Number: 27-30-01-883000-050060
  • Total Acreage: 1/2 to less than 1
  • Total Num Buildings: 4
  • Water Access: No
  • Water Extras: No
  • Zoning: C-2
  • Living Area: 3669
  • Lot Dimensions: 150x180
Property and Assessments
  • Year Built Numeric: 1925
  • Flood Zone Code: X
  • New Construction: No
  • Public Survey Range: 27
  • Public Survey Section: 01
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame
  • Exterior Features: Other
  • Foundation Details: Crawlspace, Slab
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 0
  • Cooling: Central Air, Wall/Window Unit(s)
  • Fireplace: No
  • Heating: Central, Wall Units / Window Unit
  • Interior Features: Other
  • Laundry Features: Inside, Laundry Room
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $79,620.00
  • Unit Count: 5
Unit 1
  • Unit Type Baths Total 1: 2
  • Unit Type Beds Total 1: 5
  • Unit Type Heated Sq Ft 1: 2259
  • Unit Type Number Of Units Occupied 1: 4
  • Unit Type Pro Forma 1: 3170
  • Unit Type Type 1: 4+ Bed/2+ Bath
Unit 2
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 0
  • Unit Type Heated Sq Ft 2: 360
  • Unit Type Number Of Units Occupied 2: 1
  • Unit Type Pro Forma 2: 790
  • Unit Type Type 2: Efficiency
Unit 3
  • Unit Type Baths Total 3: 1
  • Unit Type Beds Total 3: 0
  • Unit Type Heated Sq Ft 3: 240
  • Unit Type Number Of Units Occupied 3: 1
  • Unit Type Pro Forma 3: 825
  • Unit Type Type 3: Efficiency
Unit 4
  • Unit Type Baths Total 4: 1
  • Unit Type Beds Total 4: 1
  • Unit Type Heated Sq Ft 4: 414
  • Unit Type Number Of Units Occupied 4: 1
  • Unit Type Pro Forma 4: 925
  • Unit Type Type 4: 1 Bed/1 Bath
Unit 5
  • Unit Type Baths Total 5: 1
  • Unit Type Beds Total 5: 1
  • Unit Type Heated Sq Ft 5: 396
  • Unit Type Number Of Units Occupied 5: 1
  • Unit Type Pro Forma 5: 925
  • Unit Type Type 5: 1 Bed/1 Bath

Property History for 303 East Polk Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 303 East Polk Avenue

Taxable ValueLand$32,690Additions$276,173Total$308,863
Tax Record2023$5,998 ($500 / month)
Home Facts
Beds4Total Finished SqFt2,259 SqFtAbove Grade Finished SqFt2,259 SqFtStories1Lot Size26,990 SqFtStyleSingle Family ResidenceYear Built1925ZoningC2R3CountyPOLKAPN273001883000050060Fireplace TypeHas Fireplace

Schools near 303 East Polk Avenue

This home is within Polk.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - K to 5
Public - 3 to 5
Public - 6 to 8
Rating
School
Distance
Bartow Elementary Academy
PublicK to 5

Ben Hill Griffin Jr Elementary School
Public3 to 5

Union Academy
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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303 East Polk Avenue is a multi-family home for sale in Lake Wales, FL 33853. This property was listed for sale on May 3, 2024 by KELLER WILLIAMS REALTY SMART 1, it's currently listed at $570,000. It has been on the market for a total of 15 days and was last sold on October 21, 2022. This listing's school district is Polk. Nearby schools include Mclaughlin Middle School And Fine Arts Academy, Bartow Elementary Academy and Ben Hill Griffin Jr Elementary School. 303 East Polk Avenue is a 0-bed, 0-bath, 3,669 sqft multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KELLER WILLIAMS REALTY SMART 1, Matt Mesimer

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 05/09/2024 06:50 AM