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436 E Park Avenue

Lake Wales, FL 33853
  • $1,700,000
  • STATUS: Active
  • ON SITE: 124 Days
  • MLS #: K4901954
UPDATED: 56 min ago
$1,700,000
  • 21
    BEDS
  • 0.33
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,834
    SQFT
  • $144
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1925
County:

School Ratings & Info

Description

ITS ALL ABOUT THE LOCATION! We are pleased to present this phenomenal investment opportunity to acquire The Court of Seven Chimneys Apartments. This unique and fully rented apartment complex comprises 21 apartments, court yard, laundry facility and a parking lot. There are 20 Studio Apts. with original hardwood flooring, coved ceilings, picture rail molding, Murphy Beds, fireplaces (nonworking), separate eat-in kitchens, closet/storage area and French doors to front & back screen rooms. A spacious loft apartment is above the rotunda entry into the court yard, it is flanked by the dual wings of the building. The Loft apartment allows for formal living area adorned with wood floor, window seats, fireplace, walk-in closet, full bath and circular stairs to an upstairs bedroom with large area, ideal for sitting area and storage. These delightful dwellings offer abundant natural light, elegant details while still serving renters and providing comfortable living quarters. This beloved 1925 building stands across from the Crystal Lake Park offering scenic views of the lake, garden paths, picnic areas and playground. Pathways lead across Lakeshore Blvd. to the city park on Lake Wailes that has paved & lighted trail circling the lake and a large covered pier to enjoy, a public boat ramp is nearby. Additionally, this in-town location is within walking/biking/scootering to the downtown Historic District, library, churches, restaurants, and shops. This multi-unit complex is ideal for Investors, Vacation Rental Operator for short-term destination retreat, long-term renters or winter residents. Seller will entertain a combined purchase with 10-unit complex just minutes away, The Grand Floridian at, 241 E Seminole Ave. ***NO OWNER FINANCING***

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© 2023 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2023-03-25T23:43:45.43.
www.onestopre.net/homes/134930394
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436 E Park Avenue Lake Wales, FL 33853

  • Price: $1,700,000
  • Status: Active
  • On Site: 124 Days
  • Updated: 56 min ago
  • MLS #: K4901954
21
Beds
0
Baths
0
½ Baths
0.33
Acres
11,834
SQFT
$144
$/SQFT
1925
Built
Neighborhood:
Lake Wales
County:
Polk
Area:
Lake Wales South
Property Description
ITS ALL ABOUT THE LOCATION! We are pleased to present this phenomenal investment opportunity to acquire The Court of Seven Chimneys Apartments. This unique and fully rented apartment complex comprises 21 apartments, court yard, laundry facility and a parking lot. There are 20 Studio Apts. with original hardwood flooring, coved ceilings, picture rail molding, Murphy Beds, fireplaces (nonworking), separate eat-in kitchens, closet/storage area and French doors to front & back screen rooms. A spacious loft apartment is above the rotunda entry into the court yard, it is flanked by the dual wings of the building. The Loft apartment allows for formal living area adorned with wood floor, window seats, fireplace, walk-in closet, full bath and circular stairs to an upstairs bedroom with large area, ideal for sitting area and storage. These delightful dwellings offer abundant natural light, elegant details while still serving renters and providing comfortable living quarters. This beloved 1925 building stands across from the Crystal Lake Park offering scenic views of the lake, garden paths, picnic areas and playground. Pathways lead across Lakeshore Blvd. to the city park on Lake Wailes that has paved & lighted trail circling the lake and a large covered pier to enjoy, a public boat ramp is nearby. Additionally, this in-town location is within walking/biking/scootering to the downtown Historic District, library, churches, restaurants, and shops. This multi-unit complex is ideal for Investors, Vacation Rental Operator for short-term destination retreat, long-term renters or winter residents. Seller will entertain a combined purchase with 10-unit complex just minutes away, The Grand Floridian at, 241 E Seminole Ave. ***NO OWNER FINANCING***
Exterior Features

Additional Water Information Close Proximity With Sidewalks To Either LakeDock & Covered Pier At Lake WailesPublic Boat Ramp is A Short Distance. Carport Yn No Construction Materials OtherStucco Covered Spaces 0 Exterior Features BalconyLightingSidewalk Foundation Details Crawlspace Lot Features Historic DistrictCity LotLevelNear Public TransitOversized LotSidewalk Lot Size Dimensions 97X150 Open Parking YN Yes Parking Features Ground LevelOpen Pool Private Yn No Road Frontage Type Street One Way Road Surface Type Paved Roof Shingle View ParkWater Water Access Yn No Water Body Name Crystal Lake / Lake Wailes Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Yn No Flooring Ceramic TileLaminateHardwood Heating Wall Units / Window Unit Heating YN Yes Interior Features Cathedral Ceiling(S)Ceiling Fans(S)Eating Space In KitchenHigh Ceiling(S)Solid Wood CabinetsWalk-In Closet(S)Window Treatments Laundry Features Other Levels Two Sewer Public Sewer Water Source Public Window Features Shutters

Property Features

Annual Expenses 72084 Annual Net Income 125948 Association Yn No Cdd Yn No Flood Zone Code X Garage Yn No Homestead Yn No Lease Term 12 Months Listing Terms CashConventional New Construction Yn No Ownership Fee Simple Property Sub Type Multi-Family Realtor Info As-IsCurrently LeasedFloor Plan AvailableSign Senior Community Yn No Special Listing Conditions None Tax Annual Amount 11409.11 Total Annual Fees 0 Total Monthly Fees 0 Utilities Bb/Hs Internet AvailableCable AvailableElectricity ConnectedPublicSewer ConnectedStreet LightsWater Connected Zoning C


Listing information © 2023 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of 1513 REALTY LLC: 863-431-2000.



© 2023 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2023-03-25T23:43:45.43.
 
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