116 Northside Drive, LAKE WALES, FL 33853
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Priced at Only: $2,600,000
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Address: 116 Northside Drive, LAKE WALES, FL 33853
Property Location and Similar Properties
- MLS#: TB8336412 ( Residential Income )
- Street Address: 116 Northside Drive
- Viewed: 2
- Price: $2,600,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1964
- Bldg sqft: 0
- Bedrooms: 32
- Total Baths: 19
- Days On Market: 2
- Additional Information
- Geolocation: 27.9109 / -81.6093
- County: POLK
- City: LAKE WALES
- Zipcode: 33853
- Subdivision: Northside Heights
- Provided by: FLORIDA REALTY INVESTMENTS
- Contact: Tito Urbano Perez
- 407-207-2220
- DMCA Notice
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DescriptionThis property is part of a portfolio of 19 units to be sold as a package. North Oak 19 Unit Portfolio, is a multifamily investment opportunity spread across three properties in Polk County, Florida. The North Oak portfolio includes: Northside Apartments (Lake Wales, FL): Built in 1964, this eight unit property consists of four concrete block duplexes with pitched shingle roofs. Each unit features a 2 bedroom, 1 bathroom configuration. The property has been fully renovated in the past two years, with both electricity and water sub metered, allowing tenants to pay for their own utilities. Trash services are included in the property taxes, keeping operational costs low. The roofs are in good condition, contributing to the property's low maintenance appeal. Oakcrest Apartments (Winter Haven, FL): Constructed in 1984, this eight unit property comprises two fourplex buildings. The unit mix includes two 2 bedroom, 1 bathroom units and six 1 bedroom, 1 bathroom units, all built with a wood frame construction and featuring pitched shingle roofs. The electricity is sub metered, with tenants responsible for their electric bills, while water is provided by the city and paid for by the landlord. The property uses a septic tank system, also maintained by the landlord. Haven Apartments (Winter Haven, FL): Built in 1974, this three unit property offers all 2 bedroom, 1 bathroom units constructed from concrete block with pitched shingle roofs. Both water and electricity are sub metered, and the property benefits from a central AC system. Sewer and water services are provided by the city. With a total of 19 units, a mix of both 1 bedroom and 2 bedroom apartments, and well maintained utility systems, the North Oak portfolio represents a stable, high potential opportunity for multifamily investors looking to capitalize on the rental demand in Polk Countys growing markets.
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Features
Building and Construction
- Covered Spaces: 0.00
- Exterior Features: Lighting
- Living Area: 2448.00
- Roof: Shingle
Garage and Parking
- Garage Spaces: 0.00
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 0.00
- Cooling: Central Air
- Heating: Central
- Sewer: Public Sewer, Septic Tank
- Utilities: Electricity Connected, Sewer Connected, Water Connected
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Net Operating Income: 0.00
- Tax Year: 2023
Other Features
- Country: US
- Interior Features: Thermostat
- Legal Description: NORTHSIDE HEIGHTS PB 36 PG 48 BLK A LOT 19
- Area Major: 33853 - Lake Wales South
- Parcel Number: 27-29-34-875300-001190
- Zoning Code: R-3
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- Barbara Kleffel, REALTOR ®
- Southern Realty Ent. Inc.
- Office: 407.869.0033
- Mobile: 407.808.7117
- barb.sellsorlando@yahoo.com