Lake Wales, FL 33853,401 DOMARIS AVE

$1,150,000

$1,500,000

23.3%
Est.Price: ?

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Est. payment /mo

16,754 SqFt


SOLD DATE : 01/18/2021

Key Details

Sold Price $1,150,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 16,754 sqft

Price per Sqft $68

Subdivision Colonial Heights Resub

MLS Listing ID O5881078

Sold Date 01/18/21

Construction Status Inspections

HOA Y/N No

Year Built 1970

Annual Tax Amount $13,209

Lot Size 1.460 Acres

Acres 1.46

Property Description

22 units total. 10 units with 2 bed./1 bath, 12 units with 1 bed./1 bath. Community is fully occupied, solid block concrete, located on the South 4th street from East Hwy 60. 3 minutes to Publix shopping center, 5 minutes to Walmart shopping center, 5 Mins to downtown Lake Wales. Current average rent for 2 bed 1 bath $700, 1 bed 1 bath $575. The current rent much below market value, lots of potential for new owner to increase rent. Very low maintenance cost and expenses, Tenants pay electricity with separate meter, owner pays Tax, Water, Dumpster, Insurance & Maintenance. Please do not disturb tenants, call agent, showing after executed contract.

Location

State FL

County Polk

Community Colonial Heights Resub

Zoning C-2

Interior

Heating Central, Electric

Cooling Central Air, Mini-Split Unit(s)

Flooring Ceramic Tile

Appliance Refrigerator

Exterior

Parking Features 13 to 18 Spaces

Utilities Available Electricity Available, Public

Building

Story 1

Entry Level One

Foundation Slab

Lot Size Range 1 to less than 2

Sewer Public Sewer

Structure Type Stucco

New Construction false

Construction Status Inspections

Others

Ownership Corporation

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by YANG REALTY INC
Bought with YANG REALTY INC
Rosemond Noel

Agent | License ID: SL3480275

+1(239) 200-3619 | listwithrosemond@gmail.com

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