425 E SESSOMS AVE, Lake Wales, FL 33853
425 E SESSOMS AVE, Lake Wales, FL 33853
425 E SESSOMS AVE, Lake Wales, FL 33853
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$325,000
Est. payment /mo
2 Beds
3 Baths
1,652 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,652 sqft

Price per Sqft $196

Subdivision Lake Wales

MLS Listing ID L4957271

Bedrooms 2

Construction Status Completed

HOA Y/N No

Year Built 1937

Annual Tax Amount $2,877

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type Duplex

Source Stellar MLS

Property Description

High-Yield Turnkey Triplex with 2024 Upgrades! Investors, seize this rare income-producing asset generating $3,000 in gross monthly revenue with an exceptionally low expense profile. Situated on a spacious 0.31-acre lot, this property offers the perfect blend of density and privacy across two solid brick residential buildings. Major 2024 Capital Upgrade: A Brand New Roof was installed across the property in 2024, providing years of worry-free ownership. Both primary buildings are equipped with Central AC to ensure maximum tenant comfort and retention. The Layout:425 E Sessoms Ave: A standalone 1-bedroom, 1-bathroom cottage (685 sq ft) featuring a private 90 sq ft finished screened porch and a classic fireplace. 427 E Sessoms Ave (Front): A private 1-bedroom, 1-bathroom suite with its own dedicated front entrance and porch. 427 E Sessoms Ave (Rear): A secluded private studio with a separate side/rear entrance for ultimate tenant privacy. Bonus Value: A detached large storage building at the rear includes an on-site laundry room, a high-demand amenity that adds significant utility. Built with common brick exterior walls, this property is designed for low-maintenance, long-term performance. With an annual gross income of $36,000 and minimal overhead, this "Cash Cow" is ready for Day 1 operations. Schedule your showing today!

Location

State FL

County Polk

Community Lake Wales

Area 33853 - Lake Wales South

Zoning R-2

Interior

Interior Features Ceiling Fans(s), Other

Heating Central

Cooling Central Air

Flooring Laminate, Luxury Vinyl, Tile

Fireplace false

Appliance Range, Refrigerator

Laundry Laundry Room

Exterior

Exterior Feature Outbuildings, Other

Utilities Available Cable Connected, Electricity Connected

Roof Type Shingle

Garage false

Private Pool No

Building

Entry Level One

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block,Stucco

New Construction false

Construction Status Completed

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/L4957271


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Stellar MLS
Listed by Wes Fleming BHHS FLORIDA PROPERTIES GROUP

Nearby School & Business

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Marc George

Marc George

+1(407) 702-4307

TEAM LEADER | SLSL3188045

TEAM LEADER SLSL3188045

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