315 Ridge Manor Drive, Lake Wales, FL 33853
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Priced at Only: $799,000
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Address: 315 Ridge Manor Drive, Lake Wales, FL 33853
Property Location and Similar Properties
- MLS#: K4903360 ( ResidentialIncome )
- Street Address: 315 Ridge Manor Drive
- Viewed: 4
- Price: $799,000
- Price sqft: $154
- Waterfront: No
- Year Built: 1926
- Bldg sqft: 5205
- Bedrooms: 6
- Total Baths: 12
- Days On Market: 1
- Additional Information
- Geolocation: 27.8858 / -81.585
- County: POLK
- City: Lake Wales
- Zipcode: 33853
- Subdivision: Ridge Manor
- Provided by: LEGACY REAL ESTATE CENTER INC
- DMCA Notice
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DescriptionExceptional 11 Unit Income Opportunity with Strong Rental Appeal! Dont miss this unique mixed unit multifamily property offering a versatile unit mix designed to attract a wide range of tenants and help minimize vacancies. With all 11 units currently occupied and long term leases in place, this property provides immediate and stable income for the savvy investor. Ideally located with convenient access to schools, shopping, medical facilities, and major travel routes including Hwy 27 and SR 60, tenants enjoy easy north/south/east/west commutingmaking this a highly desirable rental location. Recent improvements include a new roof and new septic drainfield, offering added peace of mind and reduced near term capital expenses. Whether youre expanding your portfolio or seeking your first solid, income producing asset, this property checks all the boxes. Private showings are now being scheduledsecure your opportunity today!
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Building and Construction
- Basement: CrawlSpace
- Covered Spaces: 0.00
- Exterior Features: Storage
- Living Area: 5030.00
- Roof: Other, Shingle
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 0.00
- Cooling: WallWindowUnits
- Heating: Electric, SpaceHeater
- Sewer: SepticTank
- Utilities: ElectricityConnected, Propane, MunicipalUtilities
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Pet Deposit: 0.00
- Security Deposit: 0.00
- Tax Year: 2025
- Trash Expense: 0.00
Other Features
- Country: US
- Interior Features: WindowTreatments
- Legal Description: RIDGE MANOR SECOND UNIT PB 19 PG 16 BLK 11 LOTS 4 THRU 6 & PT OF LOT 7 DESC AS: BEG SE COR NLY TO NE COR W 30 FT SLY 151.95 FT TO POB
- Levels: One
- Area Major: 33853 - Lake Wales South
- Parcel Number: 27-30-11-916000-011040
- Possession: CloseOfEscrow
- The Range: 0.00
- Zoning Code: R-2
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