485 D Street, Lake Wales, FL 33853
Local realty services provided by:Better Homes and Gardens Real Estate Lifestyles Realty
485 D Street,Lake Wales, FL 33853
$249,999
- 10 Beds
- 2 Baths
- 2,528 sq. ft.
- Multi-family
- Active
Listed by:alysa casorla
Office:exit king realty
MLS#:A4662599
Source:MFRMLS
Price summary
- Price:$249,999
- Price per sq. ft.:$80.05
About this home
Situated directly across from Janie Howard Wilson Elementary, this concrete block property presents an exceptional investment opportunity with significant income potential. Offering 10 bedrooms, 2 bathrooms, 2 kitchens, and an office space, the layout is ideal for generating strong cash flow through rental income with multi-tenant, single bedroom leasing. The property features an 8 year old metal roof, several replaced windows, and the bedrooms that have been updated over the years. In addition, there is storage space at the back of the property that used to be a store front, but could be converted into rentable storage units or additional rooms to maximize returns. Much of the heavy lifting has already been done, and with targeted improvements, this property has the ability to become a high-performing income-producing asset. Call today to schedule a walk-through and explore the possibilities.
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Home facts
- Year built:1960
- Listing ID #:A4662599
- Added:45 day(s) ago
- Updated:October 04, 2025 at 11:57 AM
Rooms and interior
- Bedrooms:10
- Total bathrooms:2
- Living area:2,528 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
Structure and exterior
- Roof:Metal
- Year built:1960
- Building area:2,528 sq. ft.
- Lot area:0.16 Acres
Schools
- High school:Frostproof Middle - Senior High
- Middle school:Frostproof Middle Se
- Elementary school:Janie Howard Wilson Elem
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$249,999
- Price per sq. ft.:$80.05
- Tax amount:$2,115 (2024)
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