Historic Multifamily Building
$599,000
428 E Johnson Ave, Lake Wales, FL 33853
4,408 sqft
Building Size
0.52 acres
Lot Area
Details:
Highlights:
- Value-Add Potential! Historic multifamily investment property
- Six spacious 1-bedroom / 1-bathroom units totaling 4,408 SF total SF
- Constructed in 1928 with preserved architectural details and historic charm
- Recent renovations started, offering value-add potential!
- Situated on lush 0.52 acre parcel zoned R-1B
- Located in a vibrant community with diverse demographics
- Strong demand for well-maintained Multifamily Rentals in the area
- Close to Historic Downtown District shopping, dining, cultural attractions
- Nearby many local amenities, parks, schools, and recreational facilities
- Ideal for investors seeking value-add opportunities
Description:
Lee & Associates presents an exceptional investment opportunity at 428 E Johnson Ave, Lake Wales, FL 33853. This historic two-story multifamily property, constructed in 1928, spans 4,408 square feet and is situated on a generous 0.52-acre lot. The building comprises six units, each featuring one bedroom and one bathroom, offering a total of six bedrooms and six bathrooms. Recent renovations have been initiated, providing a solid foundation for further enhancements to maximize rental income potential.
Located in the heart of Lake Wales, this property benefits from its proximity to local amenities and attractions. The area boasts a diverse demographic, with a population of approximately 16,455 residents and a median age of 43.1 years. The community offers a blend of cultural and recreational activities, making it an attractive location for potential tenants.
Nestled in Lake Wales, Florida, this property offers residents access to a community rich in history and culture. With a population of approximately 16,455 and a median age of 43.1, Lake Wales provides a welcoming environment for a diverse tenant base. The area features a variety of local amenities, including shopping centers, parks, and recreational facilities, enhancing the appeal of this investment opportunity.
Documents:
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Lee_SFL_OM_-_Historic_Lake_Wales_Multifamily.pdf |
Location

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