107 A Street, Lake Wales, FL 33853
- $390,000
- 6
- BD
- 6
- BA
- 2,880
- SqFt
- Sold Price
- $390,000
- List Price
- $399,000
- Status
- Sold
- Days on Market
- 56
- Closing Date
- Mar 24, 2026
- MLS#
- O6368979
- Property Style
- Multi-Family 5+
- Year Built
- 1950
- Bedrooms
- 6
- Bathrooms
- 6
- Living Area
- 2,880
- Lot Size
- 13,421
- Acres
- 0.31
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Lake Wales Land Co Sub
- MLS Area Major
- Lake Wales South
Property Description
Exceptional Investment Opportunity in Lake Wales Presenting a prime income-producing property located at 107 A Street, perfectly positioned in the heart of Lake Wales. This versatile multi-family asset features a total of six units, all designed as efficient one-bedroom residences, offering a steady and reliable stream of income. With a total heated area of 2,880 square feet, this building is situated on a spacious 0.31-acre lot zoned C-2, providing both immediate utility and future potential. Constructed with durable concrete block and a low-maintenance membrane roof, the property is built to last. The interior units are finished with practical tile flooring and come equipped with essential appliances, including ranges and refrigerators. Comfort is managed through efficient wall/window cooling units and electric heating. For ease of management, the property is connected to public water and sewer systems and features individual metering for electric, water, and sewer services. Strategically located just minutes from local landmarks and schools like Spook Hill Elementary, this property sits in Flood Zone X, which typically does not require flood insurance.
Additional Information
- Taxes
- $5909
- Annual Gross Income
- 46800
- Community Features
- No Deed Restriction
- Property Description
- Three+ Story
- Zoning
- C-2
- Interior Layout
- Built-in Features
- Interior Features
- Built-in Features
- Floor
- Tile
- Appliances
- Electric Water Heater, Range, Refrigerator
- Utilities
- Electricity Connected, Sewer Connected, Water Connected
- Heating
- Electric, Ductless
- Air Conditioning
- Wall/Window Unit(s)
- Exterior Construction
- Block
- Exterior Features
- Sidewalk
- Roof
- Membrane
- Foundation
- Slab
- Pool
- No Pool
- Elementary School
- Spook Hill Elem
- Middle School
- Mclaughlin Middle
- High School
- Frostproof Middle - Senior High
- Flood Zone Code
- X
- Parcel ID
- 27-29-35-879000-001090
- Legal Description
- LAKE WALES LAND CO SUB PB 5 PG 11 BLK 1 LOTS 9 & 10
Listing courtesy of KELLER WILLIAMS REALTY AT THE PARKS. 407-629-4420
Selling Office: FLORIDA REALTY INVESTMENTS.Mortgage Calculator
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