1. Juan Torres, REALTOR ®
  2. Tropic Shores Realty

130 Northside Drive, Lake Wales, FL 33853

Priced at Only: $258,000

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  • MLS#: R11150451 ( Residential Income )
  • Street Address: 130 Northside Drive
  • Viewed: 104
  • Price: $258,000
  • Price sqft: $141
  • Waterfront: No
  • Year Built: 1938
  • Bldg sqft: 1831
  • Total Baths: 2
  • Days On Market: 9
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. Delivering an impressive ~about 8% cap rate with an all cash purchaseand closer to about a 9% cap with just 20% down at today's prevailing ratesthis is a strong income producing asset with immediate upside. Even more compelling, for those looking to live in one unit, the numbers make ownership more affordable than renting, while the second unit helps offset your mortgage. 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 offering a $10,000 concession with a full price offer
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Features
Building and Construction
  • Flooring: Wood
  • Roof: Other
School Information
  • High School: Lake Worth
  • Middle School: Lake Worth
  • School Elementary: Lakeside
Utilities
  • Cooling: Central Air
  • Electric: Three Phase
  • Heating: Central, Electric
  • Utilities: Electricity Connected, Natural Gas Available
Finance and Tax Information
  • Tax Year: 2025
Rental Information
  • Tenant Pays: Cable TV, Electricity, Insurance, Water
Other Features
  • Legal Description: NORTHSIDE HEIGHTS PB 36 PG 48 BLK A LOT 12
  • Parcel Number: 342927875300001120
  • Views: 104
  • Zoning Code: R3

Contact Info

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  1. Juan Torres, REALTOR ®
  2. Tropic Shores Realty
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