$254,600
Lake Wales, FL 33853
MLS# B26042757
1831 sqft
1 / 6
Property Description
This lakefront multi-family property in the heart of Lake Wales presents a rare opportunity for both savvy investors and future owner-occupants alike Deliverina an imprecsive wabout 8% can rate with an all-cash nurchase_and closer to about a 9% cap with just 20% down at today's prevailing rates —this is compellina. for those looking to live in one unit. the numbers make ownership more affordable than rentina. while the second unit helns offset vour mortaage The property offers two well-designed 2-bedroom, 1-bath units with open-concept living, generous outdoor space, and desirable lakefront appeal with no HOA. While a new roof is needed. the seller is offerina a $10.000 concession
Details
Maps
Contract Information
Comp Sale YN: No
Negotiable Seller Concessions YN: Yes
Listing Date: 2026-06-18
Status: Active
Original List Price: 255000
List Price: $254,600
Current Price: $254,600
Listing Service: Full Service
Location and Legal
County Or Parish: Polk
Municipality Type: Incorporated
Geographic Area: Other
Subdivision Number: 875300
Special Assessment YN: No
Flood Zone: AE,X
Country: United States
Street Number: 130
Street Direction Prefix: E
Street Name: Northside
Street Suffix: Drive
State Or Province: FL
Postal Code: 33853
Subdivision Name: NORTHSIDE HEIGHTS
Area: 5940 - Other Florida County
Parcel Number: 342927875300001120
Zoning: R3
General Property Information
Number Of Units Total: 2
Living Area Main: 1455
Living Area Source: Appraiser
Accessibility Features YN: No
Gated Community YN: No
Parking Total: 6
Lot Size Area: 10197
Senior Community YN: No
Land Lease YN: No
Recreation Lease YN: No
Stories Total: 1
Stories: 1
Pool Private YN: No
LP/Assessed Value: 1.47
Property Sub Type: Duplex
Building Area Main: 1831
Building Area Source: Appraiser
Year Built: 1938
Lot Size Acres: 0.23
Waterfront YN: 1
Financial Information
Master Association YN: No
Estimated Monthly Assoc Recurring Fee: 0
Tax Assessed/SOH Value: 173531
Assessor Market Value: 201960
Tax Annual Amount: 3631.09
Tax Year: 2025
Tax Legal Description: NORTHSIDE HEIGHTS PB 36 PG 48 BLK A LOT 12
Office/Member Information
DXORIGMLSID: RML
Exterior Features
None: 1
Flooring
Wood: 1
Leasing Permitted Details
Leasing Permitted YN: No
Property Condition
Resale: 1
Special Listing Conditions
Standard: 1
Documents Available
Copy Of Lease(s): 1
Meter Information
Separate Electric Meters YN: No
Separate Gas Meters YN: No
Separate Water Meters YN: No
Number Of Meters Total: 2
Structure Type
Duplex: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Gas: 1
Water: 1
Possession
Negotiable: 1
Sewer
Public Sewer: 1
Utilities
Electricity Connected: 1
Water Connected: 1
Heating
Electric: 1
Sprinkler Description
None: 1
Water View
Lake: 1
Construction Materials
Other: 1
Levels
One: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Roof
Shingle: 1
Water Source
Public: 1
Waterfront Features
Lake Front: 1
Cooling
Central Air: 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Pets Allowed YN
No: 1
Restrictions
No Smoking: 1
Tax Information
Other Exemption: 1
Unit 1 Appliances
Dishwasher: 1
Range: 1
Refrigerator: 1
Unit 1 Details
Actual Rent: 1200
Baths Full: 1
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 915
Unit 1 Lease Description
Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2026-07-31
Unit 1 Other Equipment
Other Equipment: 1
Unit 1 Parking Details
Carport YN: No
Garage YN: No
Unit 1 Parking Features
Parking Space: 1
Unit 1 Patio/Porch
Patio/Porch: 1
Unit 1 Rooms
Family Room: 1
Kitchen: 1
Unit 2 Appliances
Dishwasher: 1
Range: 1
Refrigerator: 1
Unit 2 Details
Actual Rent: 1275
Baths Full: 1
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 915
Unit 2 Lease Description
Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2027-03-30
Occupant Type: Tenant
Unit 2 Other Equipment
Other Equipment: 1
Unit 2 Parking Details
Carport YN: No
Garage YN: No
Unit 2 Parking Features
Parking Space: 1
Unit 2 Patio/Porch
Patio/Porch: 1
Unit 2 Rooms
Kitchen: 1
Unit 3 Details
Efficiency YN: No
Furnished: Unfurnished
Price Calculations
Current Price To SqFt: 175.25
Acreage Description
Less Than 1/4 Acre Lot: 1
Less Than 1 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2026-08-08T19:20:45Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-08-08T19:20:45Z
Status Change Date: 2026-06-18
Originating Details
Originating System Key: 20260618173042108175000000
Originating System ID: M00000170
Property Features
Documents Available: Copy Of Lease(s)
Exterior Features: None
Flooring: Wood
Property Condition: Resale
Special Listing Conditions: Standard
Structure Type: Duplex
Tenant Pays: Cable TV; Electricity; Gas; Water
Construction Materials: Other
Cooling: Central Air
Heating: Electric
Levels: One
Listing Terms: 1031 Exchange; Cash; Conventional; FHA; VA Loan
Pets Allowed YN: No
Possession: Negotiable
Restrictions: No Smoking
Roof: Shingle
Sewer: Public Sewer
Sprinkler Description: None
Tax Information: Other Exemption
Utilities: Electricity Connected; Water Connected
Water Source: Public
Water View: Lake
Waterfront Features: Lake Front
Showing Requirements: 24 Hour Notice; Appointment Only
Unit 1 Appliances: Dishwasher; Range; Refrigerator
Unit 1 Other Equipment: Other Equipment
Unit 1 Parking Features: Parking Space
Unit 1 Rooms: Family Room; Kitchen
Unit 2 Appliances: Dishwasher; Range; Refrigerator
Unit 2 Other Equipment: Other Equipment
Unit 2 Parking Features: Parking Space
Unit 2 Rooms: Kitchen
Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot
Listing Office: Simon Gray Realty LLC
Last Updated: August - 08 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
