114 E Northside Drive, Lake Wales, FL 33853
- $2,350,000
- 32
- BD
- 19
- BA
- 11,937
- SqFt
- Sold Price
- $2,350,000
- List Price
- $2,350,000
- Status
- Sold
- Days on Market
- 7
- Closing Date
- Dec 31, 2025
- MLS#
- TB8455056
- Property Style
- Multi Family
- Year Built
- 1964
- Bedrooms
- 32
- Bathrooms
- 19
- Living Area
- 11,937
- Lot Size
- 13,164
- Acres
- 0.30
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Northside Heights
- MLS Area Major
- Lake Wales South
Property Description
SELLER FINANCING AVAILABLE. North Oak 19-Unit Portfolio, a rare multifamily investment opportunity spread across three properties in Polk County, Florida. The North Oak portfolio includes: Northside Apartments: 114 E Northside, 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 118 Oak Crest Dr NW, 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 140 Ave W NW, 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 County’s growing markets.
Additional Information
- Taxes
- $6998
- Community Features
- No Deed Restriction
- Interior Layout
- Other
- Interior Features
- Other
- Utilities
- Electricity Connected, Water Connected
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Concrete, Frame
- Exterior Features
- Other
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Water View
- Lake
- Water Access
- Lake
- Flood Zone Code
- X
- Parcel ID
- 27-29-34-875300-001200
- Legal Description
- NORTHSIDE HEIGHTS PB 36 PG 48 BLK A LOT 20
Listing courtesy of FLORIDA REALTY INVESTMENTS. 407-207-2220
Selling Office: CENTURY 21 MYERS REALTY.Mortgage Calculator
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