434 E TILLMAN AVE Lake Wales, FL 33853
12 Beds
7 Baths
4,466 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,466 sqft
Price per Sqft $190
Subdivision Lake Wales
MLS Listing ID L4957773
Bedrooms 12
HOA Y/N No
Year Built 1920
Annual Tax Amount $3,028
Lot Size 0.260 Acres
Acres 0.26
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
The property features five 2-bed/1-bath units and two 1-bed/1-bath units, providing a versatile mix ideal for long-term tenants. Several major improvements have already been completed, including new roofs and some newer A/C systems, giving peace of mind and reducing upcoming maintenance costs.
One of the standout benefits of this property is the large onsite storage area, offering excellent potential for expansion or value-add opportunities. Whether you're looking to increase income with additional storage rentals or reconfigure the space for future improvements, the options are there.
Located close to schools, shopping, dining, and major roadways, tenants enjoy convenience and strong accessibility—helping keep occupancy consistently high.
Investor Highlights:
• 7 rental units (5× 2/1 + 2× 1/1)
• New roofs & some newer A/C units
• Strong existing cash flow
• High occupancy history
• Expansion potential for storage area
• Centrally located with steady rental demand
This is the kind of multifamily property that rarely hits the market—stable, improved, and packed with upside. Don't miss your chance to secure a high-performing asset in one of Central Florida's growing markets!
Location
State FL
County Polk
Community Lake Wales
Area 33853 - Lake Wales South
Zoning R-2
Interior
Interior Features Ceiling Fans(s), Solid Surface Counters, Solid Wood Cabinets
Heating Electric
Cooling Central Air
Fireplace false
Laundry None
Exterior
Exterior Feature None, Storage
Utilities Available Cable Connected, Electricity Connected, Phone Available
Roof Type Membrane,Shingle
Garage false
Private Pool No
Building
Entry Level Two
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/L4957773
