19-Unit Multifamily Portfolio
116 E NORTHSIDE DRIVE Lake Wales, FL 33853
116 E NORTHSIDE DRIVE, Lake Wales, FL, 33853
$2,450,000
For Sale
$2,450,000
Portfolio includes three apartment properties totaling 19 units across Lake Wales and Winter Haven, Florida, with several utilities sub-metered.
Property Size2,448 SF
Price / SF$1,000
Days on Market560
Property Features for 116 E NORTHSIDE DRIVE
General Information
- Standard status
- Active
- Size
- 2,448 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1964
Listing agency
FLORIDA REALTY INVESTMENTS
(407) 907-0350
Listed by
Tito Urbano Perez · License #3470017
(407) 907-0350
Source
Exitrealty
Added: Jan 8, 2025 Updated: Jul 21 at 7:02PM Checked: Jul 21 at 7:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of FLORIDA REALTY INVESTMENTS
Investment Insights
Based on property information with market context.
This 19-unit multifamily portfolio is offered for sale as a package across three properties in Polk County, Florida, with seller financing available. Northside Apartments in Lake Wales features eight units built in 1964 as four concrete block duplexes with pitched shingle roofs; each unit is configured with 2 bedrooms and 1 bathroom, and the property was fully renovated within the past two years. Electricity and water are sub-metered so tenants can pay their own utilities, and trash services are included in the property taxes. The roofs are reported to be in good condition.
Oakcrest Apartments in Winter Haven was constructed in 1984 and includes two fourplex buildings with pitched shingle roofs, wood-frame construction, and unit mix of two 2-bedroom, 1-bathroom units and six 1-bedroom, 1-bathroom units. Electricity is sub-metered with tenants responsible for electric bills, while water is provided by the city and paid for by the landlord; the property uses a septic tank system maintained by the landlord.
Haven Apartments in Winter Haven was built in 1974 and includes three 2-bedroom, 1-bathroom units in concrete block construction with pitched shingle roofs. Water and electricity are sub-metered, and the property benefits from a central AC system, with sewer and water provided by the city.
Oakcrest Apartments in Winter Haven was constructed in 1984 and includes two fourplex buildings with pitched shingle roofs, wood-frame construction, and unit mix of two 2-bedroom, 1-bathroom units and six 1-bedroom, 1-bathroom units. Electricity is sub-metered with tenants responsible for electric bills, while water is provided by the city and paid for by the landlord; the property uses a septic tank system maintained by the landlord.
Haven Apartments in Winter Haven was built in 1974 and includes three 2-bedroom, 1-bathroom units in concrete block construction with pitched shingle roofs. Water and electricity are sub-metered, and the property benefits from a central AC system, with sewer and water provided by the city.
Key Highlights
- North Oak 19‑unit multifamily portfolio spans three properties in Lake Wales and Winter Haven, FL
- Northside Apartments (Lake Wales): 8 units built in 1964; four concrete block duplexes; 2BR/1BA units
- Northside Apartments fully renovated within the past two years; electricity and water sub‑metered to tenant‑pay utility setup
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FAQs
What type of property is this?
Apartment building - Portfolio includes three apartment properties totaling 19 units across Lake Wales and Winter Haven, Florida, with several utilities sub-metered.
Where is this apartment building located?
The property is located at 116 E NORTHSIDE DRIVE Lake Wales, FL.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: North Oak 19‑unit multifamily portfolio spans three properties in Lake Wales and Winter Haven, FL; Northside Apartments (Lake Wales): 8 units built in 1964; four concrete block duplexes; 2BR/1BA units; Northside Apartments fully renovated within the past two years; electricity and water sub‑metered to tenant‑pay utility setup
