USAFLLake WalesRidge Manor646-And-648-646 Beverly Dr

646 and 648-646 Beverly Dr, Lake Wales, FL

House

For Sale

Listed price in listed location currency (USD).

$275,000

420

MLS® L4965188

Overview

Key Facts

Type Duplex

Levels Residential Income

Size 1782 sqft

Garage

Taxes $3,415

Days Active 7

Lot Size 0.26 Acres

Approx. Age 1983

Avg. Price Per Sqft $154

MLS® Number L4965188

Property Address: 646-and-648-646 Beverly Dr, LAKE WALES, FL, 33853-4804

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

Description

Virtually Staged. INVESTMENT OPPORTUNITY in Lake Wales! This well-constructed brick duplex presents an excellent opportunity to acquire an income-producing property with additional value-add potential. The property consists of two spacious 2-bedroom, 1-bath units, each offering an oversized driveway for ample off-street parking and access to a fenced-in backyard. The durable brick construction and solid foundation provide a strong starting point for continued ownership and improvement. Several significant updates have already been completed. Unit 648 features an AC system, water heater, and luxury vinyl plank flooring installed approximately two years ago. The property was also updated with new plumbing approximately two and a half years ago, and the septic tank and drain field were replaced approximately four and a half years ago. One unit is currently rented, while the second unit is vacant and provides an opportunity for an investor to renovate, lease, and increase overall income potential. With approximately $30, 000 in potential annual rental income when fully occupied, this property offers the opportunity to combine existing rental income with future upside through strategic improvements. Located in Lake Wales, the property provides convenient access to local shopping, dining, schools, parks, and major roadways, making it a practical location for both residents and rental tenants. A solid opportunity for an investor seeking a two-unit property with established improvements and room to add value.

MLS® NumberL4965188

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1983

Basement

DrivewayDriveway

Garage Spaces

HeatCentral, Electric

A/CCentral Air

Extras

How Much House Can I Afford?

Home Estimate Zoopraisal®

This property is estimated to sell between: $219,000 and $303,000.

Similar properties in this area sold on average for: $219,000

Expected to sell in 71 days. Similar properties sold in 78 days. This home has been on Zoocasa for 7 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Map

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