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Multifamily

Historic Lake Wales Portfolio

436 E Park Ave, Lake Wales, FL 33853

Listing Price: $2,557,385

Cap Rate
6.75%
Number of Units
31
Price/Unit
$82,496

Investment Overview

The portfolio consists of two properties located half a mile apart.

Grand Floridian Apartments is fully occupied and has 10 one-bedroom apartments. It consists of luxury vinyl plank flooring in all units but one. Breezeway and stairwell were refurbished.

Historic Seven Chimneys has 21 units. Hardwood flooring refurbished in all units but one. All units have a fireplace.

Investment Highlights

  • Consists of Two Properties Located Half a Mile Apart
  • Lake Wales is Located in the Geographical Center of the Florida Peninsula
  • Tampa and Orlando International Airports are Approximately One Hour's Drive Away

Exclusively Listed By

Multifamily

Historic Lake Wales Portfolio

Listing Price: $2,557,385

Cap Rate
6.75%
Number of Units
31
Price/Unit
$82,496

Investment Highlights

  • Consists of Two Properties Located Half a Mile Apart
  • Lake Wales is Located in the Geographical Center of the Florida Peninsula
  • Tampa and Orlando International Airports are Approximately One Hour's Drive Away

Investment Overview

The portfolio consists of two properties located half a mile apart.

Grand Floridian Apartments is fully occupied and has 10 one-bedroom apartments. It consists of luxury vinyl plank flooring in all units but one. Breezeway and stairwell were refurbished.

Historic Seven Chimneys has 21 units. Hardwood flooring refurbished in all units but one. All units have a fireplace.

Exclusively Listed By

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