Four-Unit Rental
1021 COHASSETT Ave Lake Wales, FL 33853
1021 COHASSETT Ave, Lake Wales, FL, 33853
$397,000
For Sale
$397,000
Quadplex-style rental property with four income-producing units, with tenants paying their own electric and water.
Days on Market28
Property Features for 1021 COHASSETT Ave
General Information
- Standard status
- Active
- Property subtype
- Investment
Building Details
- Year Built
- 1950
Listing agency
KELLER WILLIAMS REALTY OF WH
(863) 206-8278
Listed by
David Reyes · License #SL679127,FLORIDA
(863) 206-8278
Source
Elliman
Added: Jun 24 Updated: Jul 10 at 2:06PM Checked: Jul 21 at 6:47AM
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Investment Insights
Based on property information with market context.
This four-unit multifamily property includes three apartment units and one detached cottage, each currently leased. The unit mix consists of a 3-bedroom unit and two 2-bedroom/1-bedroom configurations plus the detached cottage. According to the current information provided, monthly rents are $1,200 for the 3-bedroom unit and $850 per month for each of the other three leased units. Tenants are responsible for their own electric and water utilities, which can help reduce owner-paid operating expenses.
The property is located in Lake Wales just off State Road 60, an east-west corridor connecting Lake Wales with Lakeland and the broader Polk County market. It is also described as minutes from US Highway 27, with practical access to Lakeland and northbound routes toward Davenport, Interstate 4, Celebration, and Kissimmee.
For investors or buyers seeking a small, manageable rental setup, this quadplex offers a straightforward income structure with all four units under lease. The tenant-paid utilities model supports easier expense budgeting from the owner perspective, while the unit mix can appeal to renters across multiple household sizes.
The property is located in Lake Wales just off State Road 60, an east-west corridor connecting Lake Wales with Lakeland and the broader Polk County market. It is also described as minutes from US Highway 27, with practical access to Lakeland and northbound routes toward Davenport, Interstate 4, Celebration, and Kissimmee.
For investors or buyers seeking a small, manageable rental setup, this quadplex offers a straightforward income structure with all four units under lease. The tenant-paid utilities model supports easier expense budgeting from the owner perspective, while the unit mix can appeal to renters across multiple household sizes.
Key Highlights
- Four rental units (quadplex‑style) with one 3‑bedroom unit and three smaller units (2‑bedroom, 1‑bedroom, and a detached cottage).
- Current rents: 3‑bedroom $1,200/month; 2‑bedroom $850/month; 1‑bedroom $850/month; detached cottage $850/month.
- Year built: 1950.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Quadplex-style rental property with four income-producing units, with tenants paying their own electric and water.
Where is this quadplex located?
The property is located at 1021 COHASSETT Ave Lake Wales, FL.
What is the asking price?
The asking price for this property is $397,000.
What are key features of this property?
This property features: Four rental units (quadplex‑style) with one 3‑bedroom unit and three smaller units (2‑bedroom, 1‑bedroom, and a detached cottage).; Current rents: 3‑bedroom $1,200/month; 2‑bedroom $850/month; 1‑bedroom $850/month; detached cottage $850/month.; Year built: 1950.
