$299,999 for Sale

485 d street , lake wales, FL 33853

Beds 10 Baths 2 2,528 Sqft 0.16 Acres 1 of 1
Property Description
Situated directly across from Janie Howard Wilson Elementary, this concrete block property presents an exceptional investment opportunity with significant income potential. Offering 10 bedrooms, 2 bathrooms, 2 kitchens, and an office space, the layout is ideal for generating strong cash flow through rental income with multi-tenant, single bedroom leasing. The property features an 8 year old metal roof, several replaced windows, and the bedrooms that have been updated over the years. In addition, there is storage space at the back of the property that used to be a store front, but could be converted into rentable storage units or additional rooms to maximize returns. Much of the heavy lifting has already been done, and with targeted improvements, this property has the ability to become a high-performing income-producing asset. Call today to schedule a walk-through and explore the possibilities.
General Information
Sale Price: $299,999
Price/SqFt: $119
Status: Active
MLS#: A4662599
City: lake wales
Post Office: lake wales
Schools: frostproof middle - senior high
County: Polk
Subdivision: lake wales land co resub
Acres: 0.16
Bedrooms:10
Bathrooms:2
House Size: 2,528 sq.ft.
Acreage: 0.16 est.
Year Built: 1960
Property Type: Multi Family
Style:
Features & Room Sizes
Paved Road:  Asphalt
Garage:  No
Construction:  Block, Concrete
Exterior Misc:  Storage
Basement:  No
Foundation :  Block, Concrete Perimeter
Cooling:  Wall/Window Unit(s)
Heating:  None
Waste:  Public Sewer
Watersource:  Public
Tax, Fees & Legal
Est. Summer Taxes:  $0
Est. Winter Taxes:  $2,115
Legal Description:  RESUB OF BLOCKS 11 & 12 OF LAKE WALES LAND CO SUB PB 30 PG 35 BLK 12 LOT 27


Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Alysa Casorla of EXIT KING REALTY, Phone: 941-497-6060
(920) 205-1633 Call Lisa Heid for more information about this property.

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This Home located at
485 d street, lake wales FL 33853
is currently for sale priced at $299,999 and was listed on August, 19, 2025 and has been on the market for 26 days.

485 d street has 10 bedrooms, 2 bathrooms, and approximately 2,528 square feet. This home is in the frostproof middle - senior high school district with 0.16 acres and was built in 1960. 485 d street is in the 33853 ZIP Code area of lake wales.

If you have any question about this property or any others, please don't hesitate to contact me.