315 Ridge Manor Drive, Lake Wales, FL 33853

Lake Wales
Local realty services provided by:Better Homes and Gardens Real Estate Thomas Group
315 Ridge Manor Drive,Lake Wales, FL 33853
$799,000
Virtual Tour
  • 6 Beds
  • 12 Baths
  • 5,030 sq. ft.
  • Multi-family
  • Active
Listed by: dolores vogel
Office: legacy real estate center inc
MLS#:K4903360
Source:MFRMLS

Price summary

  • Price:$799,000
  • Price per sq. ft.:$153.51

About this home

Exceptional 11-Unit Income Opportunity with Strong Rental Appeal! Don’t 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 commuting—making 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 you’re expanding your portfolio or seeking your first solid, income-producing asset, this property checks all the boxes. Private showings are now being scheduled—secure your opportunity today!

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Home facts

  • Year built:1926
  • Listing ID #:K4903360
  • Added:10 day(s) ago
  • Updated:March 31, 2026 at 01:46 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:12
  • Basement Description:Crawlspace
  • Living area:5,030 sq. ft.

Heating and cooling

  • Cooling:Wall/Window Unit(s)
  • Heating:Electric, Space Heater

Structure and exterior

  • Roof:Shingle
  • Year built:1926
  • Building area:5,030 sq. ft.
  • Lot area:0.79 Acres
  • Construction Materials:Frame, Stucco
  • Exterior Features:Patio, Porch, Screened
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Public, Septic Tank

Finances and disclosures

  • Price:$799,000
  • Price per sq. ft.:$153.51
  • Tax amount:$9,928 (2025)

Features and amenities

  • Laundry features:In Common Area, Laundry Room
  • Amenities:Window Treatments
  • Pool features:Public Pool
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