116 E NORTHSIDE DRIVE, LAKE WALES, FL 33853 | L4931143 | Berkshire Hathaway HomeServices Florida Properties Group

116 E NORTHSIDE DRIVE $420,000

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    116 E NORTHSIDE DRIVE LAKE WALES, FL 33853

    • 2 Beds
    • 1 Baths
    • 2,448 sq. ft.
    • Multi-Family
    • MLS# L4931143
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    Views: 9 Days On Site: 75

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    Property Details

    Description Tours

    Beautiful lake-front income producing property in fast growing Polk County, Florida! Listed at 9.5% gross ROI, these updated units will bring a nice return with minimal repairs over the next few years. These duplexes are block construction, have brand new roofs and are updated inside. Fresh paint in and out. New AC units. All 4 units are rented at $850 for a monthly income of $3,420. Lots of green space and beautiful views of Lake Effie. New gravel and stops in parking area. Tenants pay their own electric and water. Demand for rentals is very high! You will always have a waiting list. Call today to secure your new income stream! Double your investment with Listing #L4931142, which is the exact same buildings and rent. Please do not disturb tenants. Inside showings available after accepted offer.

    • General Features
      • Property Subtype Duplex
      • Senior Community Y/N false
      • Zoning R-3
      • Year Built 1964
      • Tax Annual Amount 2394.58
      • Subdivision Name NORTHSIDE HEIGHTS
      • Number Of Units Total 4
      • New Construction Y/N false
      • Homestead Y/N No
      • County Or Parish Polk
      • Bedrooms 2
      • Annual Net Income 40800.00
      • Additional Parcels Y/N false
    • Building Features
      • Living Area 2,448
      • Garage Y/N false
      • Fireplace Y/N false
      • Carport Y/N false
    • Property Features
      • Lot Size Acres 0.24
      • Total Num Buildings 2
      • Total Acreage 0 to less than 1/4
      • Pool Private Y/N false
      • Lot Size Square Feet 10655
      • Lot Size Dimensions 50x199
      • Water Extras Y/N No
      • Water Access Y/N No
      • Waterfront Y/N false
      • Waterfront Feet Total 0
      • Water View Y/N No

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    Neighborhood

    33853 (LAKE WALES) Demographics

    36 Median Age
    1,269 Population Density (per sq. mile)
    26% College Educated
    $41,031 Estimated Median Income
    2,194 Estimated Total Home Owners
    2,214 Estimated Total Renters
    50% / 50% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    11,674 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $234,950 Median Sales Price
    20 Homes Sold
    22 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $420,000 3.7%
        8/15/2022 10:20:49 AM Status Changed Source: Multiple Listing Service New Value: Active
        7/12/2022 6:50:33 PM Status Changed Source: Multiple Listing Service New Value: Pending
        7/12/2022 11:51:00 AM New in Database Source: Multiple Listing Service New Value: $405,000

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        Listing information provided in part by the IDX Program of My Florida Regional MLS DBA Stellar MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Data last updated on 9/25/2022 12:27:15 PM.

        Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.



        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.