434 E Tillman Avenue, Lake Wales, FL 33853
- $780,000
- 12
- BD
- 7
- BA
- 4,466
- SqFt
- Sold Price
- $780,000
- List Price
- $825,000
- Status
- Sold
- Days on Market
- 44
- Closing Date
- Mar 13, 2026
- MLS#
- L4957773
- Property Style
- Multi-Family 5+
- Year Built
- 1920
- Bedrooms
- 12
- Bathrooms
- 7
- Living Area
- 4,466
- Lot Size
- 11,234
- Acres
- 0.26
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Lake Wales
- MLS Area Major
- Lake Wales South
Property Description
Price Reduced $25,000 – Seller Motivated! An outstanding investment opportunity just got even better in the heart of Lake Wales. The seller has lowered the price by $25,000, creating a compelling value for investors seeking strong cash flow and long-term upside. This 7-unit multifamily property offers solid rental income, strong occupancy, and multiple recent upgrades—making it a true turnkey addition to any portfolio. The unit mix includes five 2-bed/1-bath units and two 1-bed/1-bath units, a proven combination for stable, long-term tenancy. Major improvements have already been completed, including new roofs and some newer A/C systems, helping reduce future capital expenses and enhance operational efficiency. A standout feature is the large onsite storage area, presenting excellent value-add or expansion potential. Whether converted into income-producing storage units or reconfigured for future improvements, this space offers flexibility and upside. Ideally located near schools, shopping, dining, and major roadways, the property benefits from strong tenant demand and consistent occupancy. Investor Highlights • Price reduced $25,000 • 7 units (5× 2/1 + 2× 1/1) • New roofs & newer A/C systems • Strong existing cash flow • High occupancy history • Expansion or storage income potential • Central Lake Wales location With pricing improved and upside still intact, this is a rare opportunity to acquire a stabilized multifamily asset with room to grow. Bring your offers—this one is ready to move.
Additional Information
- Taxes
- $3028
- Annual Gross Income
- 102000
- Community Features
- No Deed Restriction
- Property Description
- Two Story
- Zoning
- R-2
- Interior Layout
- Ceiling Fans(s), Solid Surface Counters, Solid Wood Cabinets
- Interior Features
- Ceiling Fans(s), Solid Surface Counters, Solid Wood Cabinets
- Utilities
- Cable Connected, Electricity Connected, Phone Available
- Heating
- Electric
- Air Conditioning
- Central Air
- Exterior Construction
- Vinyl Siding, Frame
- Exterior Features
- None, Storage
- Roof
- Membrane, Shingle
- Foundation
- Slab
- Pool
- No Pool
- Garage Carport
- 1 Car Carport
- Flood Zone Code
- X
- Parcel ID
- 27-30-01-883000-042040
- Legal Description
- LAKE WALES PB 1 PG 88A 88B S1&2 T30 R27 BLK 42 LOT 4
Listing courtesy of BHHS FLORIDA PROPERTIES GROUP. 863-701-2350
Selling Office: COLDWELL BANKER (HAMMOCK).Mortgage Calculator
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