3228 COURTNEY DRIVE Lake Wales, FL 33898
Duplex - LAKE WALES, FL
- Added:
- May 21, 2026
- Days on Market:
- 54
- Last Refresh:
- Jul 13 at 10:06 pm
Property Features for 3228 COURTNEY DRIVE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- 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, Open Floorplan, Thermostat, Walk-in Closet(s), Window Treatments
- Exterior features
- Garden, Rain Gutters, Storage
- Standard status
- Pending
- APN
- 28-29-17-937002-000260
- Size
- 2,046 SF
- Lot size
- 0.51 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3872
- Expense value
- 92
- Expense
- Home Owner Assessments Fee
- Expense freq.
- Monthly
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1996
- Number of units
- 2
- Building materials
- Block, Concrete, Stucco
- Roof type
- Shingle
- Architectural style
- Other
- Additional Structures
- Storage
Listing agent Steven Koleno License #3469487 (844) 239-2663
Listing office BEYCOME OF FLORIDA LLC 400 NW 26th Street, Miami, FL (844) 239-2663
Listing date May 21, 2026
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.
Investment Insights
Based on property information with market context.
The property is situated on a quiet private street in a cul-de-sac within a small community of 26 properties. Mature oak growth is noted to separate each property for additional privacy, and the setting is further characterized by native oaks and plants in the yard areas. The location is also described as convenient to local amenities, shopping, groceries, and schools.
As a residential income property, this layout can fit investors seeking a duplex configuration with two 2BR/2BA units and outdoor living space. For an owner-occupant, the vacancy on one side provides a built-in opportunity to view the updated unit while maintaining an occupied neighboring residence. Low HOA fees are noted and include lawn care, which can help simplify routine exterior maintenance.
Key Highlights
- Potential for rental income or multi‑generational living with two separate units.
- One unit is vacant and recently renovated with new appliances, flooring, and paint.
- Located on a quiet, private street/cul‑de‑sac with only 26 properties.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.1k | $16.20 |
| − Vacancy | −$2.2k | −$1.05 |
| EGI | $31.0k | $15.15 |
| − OpEx | −$9.3k | −$4.54 |
| NOI | $21.7k | $10.60 |
