Property Attributes
- MLS#A4588077
- TypePending
- CountyPOLK
- CityLAKE WALES
- AreaLake Wales
- NeighborhoodIndian Lake Estates
- Zip33898
- StyleQuadruplex
- Year Built1959
- Taxes$ 2588
- Price$ 550,000
- Bedrooms4
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage3264
- Lot Size0.44 Acres
Data Source:
Stellar MLS
Property Description
Under contract-accepting backup offers. The Twin Palms Apartments is a 4-unit apartment community in Lake Wales, Florida. Consisting of two rock-solid masonry buildings on 1 parcel totaling nearly half an acre, the property features new roofs, large updated units, lush tropical landscaping, and a huge courtyard / BBQ area, lined with new pavers & a pergola. Located in Polk County, the fastest growing County in Florida and 7th fastest in the Nation, the property is an excellent opportunity to acquire a low maintenance multifamily asset that qualifies for residential financing! Property is fully occupied. DO NOT DISTURB TENANTS.
Price History | |
---|---|
11/3/2023 | Listed $650,000 |
11/14/2023 | 4% - $625,000 |
12/11/2023 | 5% - $595,000 |
2/13/2024 | 4% - $575,000 |
2/29/2024 | 1% - $570,000 |
3/6/2024 | 1% - $565,000 |
3/20/2024 | 1% - $560,000 |
4/4/2024 | 2% - $550,000 |
General Features
Interior Features | Ceiling Fan(s) |
---|---|
Sewer | Septic Tank |
Heating | Wall Units / Window Unit |
Cooling | Wall/Window Unit(s) |
Utilities | Electricity Connected |
Roof | Shingle |
Exterior Features | Courtyard |
Zoning | PUD |
HOA | 347 |
Construction Materials | Block,Concrete |
Pets Allowed | No |
Year Built | 1959 |
Levels | One |
Property SubType | Quadruplex |
Tax Year | 2022 |
Percent Ownership | Fee Simple |
Assoc Fee Paid Per | Annually |
County | Polk |
New Construction | No |
Property Type | Residential Income |
HOA / Comm Assn | Yes |
Subdivision Name | INDIAN LAKE ESTATES |
Garage Y/N | No |
Status | Pending |
Directions | Exit Hesperides Rd east bound on Deland Ave,take a left turn on Park Ave then take a left turn on Daytona Dr,continue down the road to Miami Dr. Property will be on the right hand side. |
City | LAKE WALES |
Buyer Agent Compensation | 2.5% |
Senior Community Y/N | No |
Total Units | 4 |
MLS Area | 33898 - Lake Wales |
Lot Size Square Feet | 19249 |
Private Pool | No |
Waterfront Y/N | No |
Carport Y/N | No |
Street Name | Miami |
Listing Terms | Cash,Conventional |
Tax Annual Amount | 2588.71 |
Public Remarks | Under contract-accepting backup offers. The Twin Palms Apartments is a 4-unit apartment community in Lake Wales,Florida. Consisting of two rock-solid masonry buildings on 1 parcel totaling nearly hal |
Ok to Lease | 12 Months |
Days on Market | 172 |
Standard Status | Pending |
Tax Lot | 1 |
Virtual Tour | https://multifamilyfirm.com/our-available-properties/?propertyId=Multifamily-For-Sale-Twin-Palms-Apartments-Lake-Wales-FL |
Legal Description | INDIAN LAKE ESTS UNIT 10 SEC 4/9 31 30 PB 40 PG 14 BLK 318 LOT 1 THAT PART DESC AS BEG AT MOST NLY COR RUN S 44 DEG 10 MIN 35 SEC E 198.05 FT S 76 DEG 37 MIN 40 SEC W 137.83 FT N 43 DEG 50 MIN 50 SEC |
Water Access Y/N | No |
Monthly HOA Amount | 28.92 |
Water View Y/N | No |
Interior Features
Air Conditioning Y/N | Yes |
---|---|
Heating Y/N | Yes |
Fireplace Y/N | No |
Street Suffix | DRIVE |
Total Bedrooms | 4 |
LivingAreaSource | Public Records |
Total Baths | 4 |
Living Area Units | Square Feet |
Exterior Features
Water Source | Public |
---|---|
Lot Size Area | 19249 |
Foundation Details | Slab |
Number of Buildings | 2 |
Lot Dimensions | 169 x 118 |
Lot Size Acres | 0.44 |
Road Surface Type | Asphalt |
Lot Size Units | Square Feet |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool