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    22 W Polk Ave Lake Wales, FL 33853

    For Sale
    $210,056

    Duplex in Lake Wales, oversized lot, great investment opportunity.

    Lot size:
    0.25 Acres

    Property Features for 22 W Polk Ave

    General Information

    Lot size
    0.25 Acres

    Building Details

    Year built
    1925

    Source: KELLER WILLIAMS REALTY SMART 1 Agent Matt Mesimer

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

    Overview

    Lake Wales Duplex Investment Opportunity

    This duplex is located in Lake Wales, just minutes from downtown, and situated on an oversized lot. The front unit features 2 bedrooms and 1 bathroom with over 900 square feet of living space. The rear unit includes 1 bedroom and 1 bathroom with nearly 500 square feet of living space. Both units are currently occupied, generating a total monthly rental income of $2,250.00, resulting in an annual gross income of $27,000.00. This property presents an investment opportunity.
    Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Wales
    County
    Polk
    State
    Florida
    Longitude
    -81.5905026
    Latitude
    27.8968664

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    FAQs

    What type of property is this?
    Duplex - Duplex in Lake Wales, oversized lot, great investment opportunity.
    Where is this duplex located?
    The property is located at 22 W Polk Ave Lake Wales, FL.
    What is the asking price?
    The asking price for this property is $210,056.
    What are key features of this property?
    This property features: - Investment opportunity with existing tenants and monthly rents totaling $2,250.00.; - Annual gross income of $27,000.00.; - Duplex property with two separate units.
    (863) 224-6999
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    22 W Polk Ave Lake Wales, FL 33853
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    22 W Polk Ave Lake Wales, FL 33853
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