Property description of Triplex - Windian Lake Heights Sub

Nearly a 10% cap rate! Canal front multifamily property consisting of 2 single wide mobile homes and 1 cbc apartment offering low operating expenses and value-add opportunity located just 3 blocks from lake walk in water’s public boat ramp in eastern lake wales, florida. Current income: $2,075/month and $24,900/year potential gross income: $2,675/month and $32,100. 00/year the 3 residences sit on a well kept, 0. 54 acre lot zoned r-3 with 198+-ft of canal frontage with direct access to lake walk-in water. Unit a (occupied): 2br/1ba, 1978, 728 sqft single wide mobile home at $900/month. Unit b (vacant- value-add): 1br/1ba 1975 , 485 sq ft concrete block apartment featuring a kitchenette and its own private dock. The vacant unit allows for new owner to place a tenant for immediate income or possible renovations and upgrades for increased rent. Previously rented for $600/month. U

Property Features