Residential Income Property Half
For Sale
$149,000
1413 THOUSAND ROSES DRIVE S, Lake Wales, FL 33853
Two-bedroom, two-bath home with updated flooring and a recently replaced roof in a gated 55+ community.
Property Size858 SF
Price / SF$173.66
Days on Market52
Property Features for 1413 THOUSAND ROSES DRIVE S
General Information
Standard status
Active
Size
858 SF
Property subtype
Half Duplex
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Building Details
Year Built
2004
Listing Agency:
REAL ESTATE BROKERS USA, INC.
(863) 242-6624
Listed By:
Debbie Bradbury · License #3231911
(863) 247-8096
Source:
Dennisrealty
Added: Aug 16
Changed: Oct 6
Last Checked: Oct 5 at 6:14PM
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 REAL ESTATE BROKERS USA, INC.
Investment Insights
Based on property information with market context.
This residential income property is a two-bedroom, two-bath half duplex built in 2004. The home features an open interior layout, laminate flooring throughout, spacious bedrooms, storage, and a comfortable living area. The roof is two years old, adding a recent major improvement to the property.
Residents have access to a gated 55+ community setting, with shopping, dining, and medical facilities located nearby. The combination of a low-maintenance interior, established community environment, and practical two-bedroom configuration supports comfortable residential use.
Residents have access to a gated 55+ community setting, with shopping, dining, and medical facilities located nearby. The combination of a low-maintenance interior, established community environment, and practical two-bedroom configuration supports comfortable residential use.
Key Highlights
- Two‑bedroom, two‑bath half duplex
- Located in a gated 55+ community
- Laminate flooring throughout the home
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,127
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$162,540
$162.5K
Cap Rate 7%
$116,100
$116.1K
Cap Rate 9%
$90,300
$90.3K
Market Conditions
NOI Build-Up for 858 SF
Gross rent
$15.8K $18.36/SF
− Vacancy
−$977 −$1.14/SF
EGI
$14.8K $17.22/SF
− OpEx
−$6.6K −$7.75/SF
NOI
$8.1K $9.47/SF
Area
Polk County, FL
Vacancy
6.20%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$162,540
Cap Rate 7%
$116,100
Cap Rate 9%
$90,300
Alternative Uses
Best Use
Apartment 5plus
$116.1K
$101.6K – $135.5K
NOI $8,127 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$206.2K
$180.4K – $240.6K
NOI $14,433 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
Explore this area
Business Placement
Demographics for 33853, FL
12,404
Population
5,483
Households
2.3
Avg Household Size
38
Median Age
19%
College-Educated
85%
High-School Grad
8.7 sq mi
ZIP Area
1,426
Density / Sq Mi
$40,938
Median Household Income
$35,470
Median Earnings
$965
Median Rent
$198,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom, two-bath home with updated flooring and a recently replaced roof in a gated 55+ community.
Where is this residential income property located?
The property is located at 1413 THOUSAND ROSES DRIVE S Lake Wales, FL.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath half duplex; Located in a gated 55+ community; Laminate flooring throughout the home
