Lakefront Multi-Family Income
1854 HIGHLAND PARK DRIVE S, Lake Wales, FL 33898
Multi-Family 5+ - LAKE WALES, FL
Property size:
4,264 SFLot size:
0.99 AcresPrice / SF:
$193/SF- Added:
- Mar 19, 2024
- Days on Market:
- 796
- Last Refresh:
- May 23 at 9:06 pm
Property Features for 1854 HIGHLAND PARK DRIVE S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-2
- Bedrooms
- 6
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Pets allowed
- Yes
- Interior features
- Ceiling Fans(s), Living Room/Dining Room Combo, Split Bedroom
- Exterior features
- Paved, Outbuildings, Balcony, Rain Gutters, Storage
- Appliances
- Dryer, Range, Refrigerator
- Standard status
- Active
- APN
- 27-30-13-927000-000690
- Size
- 4,264 SF
- Lot size
- 0.99 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 12067
Utilities
- Heating system
- Baseboard, Electric (Heating)
- Cooling system
- Multi Units, Wall/Window Unit(s), Window Unit(s)
- Water front features
- Lake Front, Waterfront
- Water front
- 1
Building Details
- Year built
- 1923
- Number of units
- 6
- Flooring type
- Carpet, Tile, Tile - Ceramic, Wood
- Building materials
- Frame, Stucco
- Roof type
- Shingle
- Architectural style
- Other
- Additional Structures
- Outbuilding, Storage
Listing agent Dolores Vogel License #621090 (863) 632-5573
Listing office LEGACY REAL ESTATE CENTER INC 218 East Park Avenue, Lake Wales, FL (863) 676-0200
Listing date Mar 19, 2024
MLS# K4902471
Listing URL
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Lakefront Property: Enjoy 100 feet of frontage on Lake Easy, perfect for fishing and recreation.
- Income‑Generating: Fully leased 6‑unit multi‑family property generating approximately $6850 monthly income.
- Large one‑acre lot with mature landscaping.
- Updated Units: Most units have been recently updated.
- Desirable mix of 2‑bedroom and 1‑bedroom lakefront units.
- Prime Location: Located in the village of Highland Park, near a community park and walkable streets.
Overview
This multi-family property offers a unique opportunity with its lakefront location. Situated on a large one-acre lot, the property features 100 feet of frontage on Lake Easy. The 4264+ square foot building is located in the village of Highland Park, which offers a community park and walkable streets. The area is characterized by mature landscaping, creating a nostalgic neighborhood atmosphere. Lake Easy provides opportunities for fishing and recreation. The property contains six units. There are two downstairs 2-bedroom, 2-bath units with lakefront views, two upstairs 1-bedroom, 1-bath units, also with lakefront views, and two studio units without lakefront views. Most of the units have been recently updated, with only one unit needing updates upon tenant turnover. All units have leases in place, generating approximately $6850 in monthly income. The property is zoned R-2.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Lake Wales
- County
- Polk
- State
- Florida
- Longitude
- -81.559336
- Latitude
- 27.865639
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Lakefront 6-unit property in Highland Park, generating approximately $6850 monthly.
Where is this apartment building located?
The property is located at 1854 HIGHLAND PARK DRIVE S Lake Wales, FL.
What is the asking price?
The asking price for this property is $824,900.
What are key features of this property?
This property features: Lakefront Property: Enjoy 100 feet of frontage on Lake Easy, perfect for fishing and recreation.; Income‑Generating: Fully leased 6‑unit multi‑family property generating approximately $6850 monthly income.; Large one‑acre lot with mature landscaping.
