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428 E Johnson Ave Lake Wales, FL 33853

For Sale
$550,000

Two-story, six-unit property in Lake Wales, Florida.

Property size:
4,408 SF

Property Features for 428 E Johnson Ave

General Information

Size
4,408 SF

Building Details

Year built
1928

Source: Michael Avendano Agent Michael Avendano

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Historic Multifamily Investment Opportunity

Located at 428 E Johnson Ave, Lake Wales, FL 33853, this historic two-story multifamily property presents an investment opportunity. Constructed in 1928, the building spans 4,408 square feet and is situated on a 0.52-acre lot. The property features six units, each with one bedroom and one bathroom. Recent renovations have been initiated, offering value-add potential to maximize rental income. The property is located in Lake Wales, benefiting from proximity to local amenities and attractions. The area has a population of approximately 16,455 residents with a median age of 43.1 years. The location provides access to shopping centers, parks, and recreational facilities. The property is zoned R-1B and is close to the Historic Downtown District's shopping, dining, and cultural attractions. It is also near local amenities, parks, schools, and recreational facilities, making it ideal for investors seeking value-add opportunities.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Lake Wales
County
Polk
State
Florida
Longitude
-81.5823785
Latitude
27.8987165

FAQs

What type of property is this?
Apartment building - Two-story, six-unit property in Lake Wales, Florida.
Where is this apartment building located?
The property is located at 428 E Johnson Ave Lake Wales, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: - Six spacious 1-bedroom / 1-bathroom units totaling 4,408 SF.; - Value-add potential through further renovations to maximize rental income.; - Located in the heart of Lake Wales, close to historic downtown, shopping, dining, cultural attractions, parks, and schools.
More about this property
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