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USAFLLake Wales9035 Temple Dr
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9035 Temple Dr, Lake Wales, FL

Real Estate

For Sale

Listed price in listed location currency (USD).
$254,000

640

MLS® 317344

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Other
Levels Residential
Size 1652 sqft
Garage No
Maintenance Fees 
Taxes $2,780
Days Active 124
Approx. Age 1989
Avg. Price Per Sqft $153
MLS® Number 317344

Property Address: 9035 Temple Dr, Lake Wales, FL, 33898-7278

Average square foot calculated using Size range provided by listing agent.

Description

Nearly A 10% CAP RATE! Canal Front Multifamily Property Consisting Of 2 Single Wide Mobile Homes and 1 CBC Apartment Offering LOW OPERATING EXPENSES And VALUE-ADD OPPORTUNITY Located Just 3 Blocks From Lake Walk In Water’s Public Boat Ramp In Eastern Lake Wales, Florida. Current Income: $2, 075/Month and $24, 900/Year Potential Gross Income: $2, 675/Month and $32, 100.00/Year The 3 residences sit on a well kept, 0.54 acre lot zoned R-3 with 198+\-ft of canal frontage with direct access to Lake Walk-In Water. Unit A (OCCUPIED): 2BR/1BA, 1978, 728 sqft single wide mobile home at $900/month. Unit B (VACANT- VALUE-ADD): 1BR/1BA 1975 , 485 sq ft concrete block apartment featuring a kitchenette and its own private dock. The vacant unit allows for new owner to place a tenant for immediate income or possible renovations and upgrades for increased rent. Previously rented for $600/month. Unit C (OCCUPIED): Updated and spacious 1989, 924 sq ft 3BR/2BA single wide mobile home generating $1, 175/month. This unit features a mini-split AC, a large master bedroom with a walk-in closet and a built-in office. Tenant’s rent includes electric, utilities, trash and septic. Landlord pays taxes and insurance. This stabilized multifamily property offers investors an exceptional cap rate, low operational expenses, canal frontage with direct access to Lake Walk-In-Water, value appreciation and value-add opportunity with a new tenant for immediate income and renovation potential for increase rent. Investments like these don’t come around that often in Polk County, Florida. Call to schedule an appointment. SELLER WILL CONSIDER SELLER FINANCE ALSO!
MLS® Number317344
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1989
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Rooms

Change to metres

Bedroom 1:Second Floor9 × 9 ft
Bathroom 1:Second Floor4 × 8 ft
Bedroom 2:Main Floor10 × 10 ft
Other:Third Floor8 × 5 ft
Bathroom 2:Third Floor7 × 5 ft
Bedroom 1:Third Floor11 × 14 ft
Bedroom 3:Third Floor10 × 8 ft

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 13, 2025List Date
$254,000List Price
  • Commute

Commute

Starting Address
Destination Address
9035 Temple Dr, Lake Wales, FL

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