3220 COURTNEY DRIVE, Lake Wales, FL 33898
Duplex - LAKE WALES, FL
- Added:
- May 19, 2026
- Days on Market:
- 50
- Last Refresh:
- Jul 7 at 6:06 am
Property Features for 3220 COURTNEY DRIVE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Pets allowed
- Yes
- Interior features
- Ceiling Fans(s), Open Floorplan, Primary Bedroom Main Floor, Thermostat, Vaulted Ceiling(s), Walk-in Closet(s)
- Exterior features
- Fence, Private Mailbox
- Fencing
- Fenced
- Standard status
- Pending
- APN
- 28-29-17-937002-000280
- Size
- 2,046 SF
- Lot size
- 0.51 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3871.96
- Expense value
- 92.540000915527
- Expense
- Home Owner Assessments Fee
- Expense freq.
- Monthly
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1996
- Number of units
- 2
- Building materials
- Stucco
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Eve McCullen License #3590605 (407) 756-0277
Listing office EXP REALTY LLC 10752 Deerwood Park Blvd., Suite 100, Jacksonville, FL (888) 883-8509
Listing date May 19, 2026
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully renovated duplex at 3220 and 3224 Courtney Drive sold together as one income‑producing property
- Two 2BR/2BA units, each with 2,046 heated SF of updated living space
- Unit 3220 is vacant and move‑in ready
- Unit 3224 is occupied by a month‑to‑month tenant for immediate rental income
- Central heating and central air; electric (heating) with vaulted ceilings and open floorplan
- Stucco exterior with shingle roof, fenced yard, and ceiling fans throughout
Overview
Located in Lake Wales, Florida in Polk County, the duplex offers two separate residences under one ownership. The configuration allows for straightforward management as a duplex while maintaining distinct living spaces for residents.
For owner-occupants, this setup supports living in one unit while renting the other. For investors, the property provides a renovated duplex with one unit available for occupancy and one unit already generating income on a month-to-month basis. With both units recently updated, the duplex is positioned for tenants seeking a modern, updated home and for buyers looking for a turnkey residential income property.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.1k | $16.20 |
| − Vacancy | −$2.2k | −$1.05 |
| EGI | $31.0k | $15.15 |
| − OpEx | −$9.3k | −$4.54 |
| NOI | $21.7k | $10.60 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lake Wales
- County
- Polk
- State
- Florida
- Longitude
- -81.536472
- Latitude
- 27.954416
