428 E Johnson Ave, Lake Wales, FL 33853

Lee & Associates presents an exceptional investment opportunity at 428 E Johnson Ave, Lake Wales, FL 33853. This historic two-story multifamily property, constructed in 1928, spans 4,408 square feet and is situated on a generous 0.52-acre lot. The building comprises six units, each featuring one bedroom and one bathroom, offering a total of six bedrooms and six bathrooms. Recent renovations have been initiated, providing a solid foundation for further enhancements to maximize rental income potential. Value-Add Potential! Historic multifamily investment property Six spacious 1-bedroom / 1-bathroom units totaling 4,408 SF total SF Constructed in 1928 with preserved architectural details and historic charm Recent renovations started offering value-add potential! Situated on lush 0.52 acre parcel zoned R-1B Located in a vibrant community with diverse demographics Strong demand for well-maintained Multifamily Rentals in the area Close to Historic Downtown District shopping dining cultural attractions Nearby many local amenities parks schools and recreational facilities Ideal for investors seeking value-add opportunities