116 E Northside Drive
LAKE WALES, FL 33853
- 32 beds
- 19 baths
- 2,448 sqft
- 10,655 sqft lot
- $1,062 per sqft
- 1964 build
- – on site
This property is part of a portfolio of 19 units to be sold as a package. North Oak 19-Unit Portfolio, is a multifamily investment opportunity spread across three properties in Polk County, Florida. The North Oak portfolio includes: Northside Apartments (Lake Wales, FL): Built in 1964, this eight-unit property consists of four concrete block duplexes with pitched shingle roofs. Each unit features a 2-bedroom, 1-bathroom configuration. The property has been fully renovated in the past two years, with both electricity and water sub-metered, allowing tenants to pay for their own utilities. Trash services are included in the property taxes, keeping operational costs low. The roofs are in good condition, contributing to the property's low-maintenance appeal. Oakcrest Apartments (Winter Haven, FL): Constructed in 1984, this eight-unit property comprises two fourplex buildings. The unit mix includes two 2-bedroom, 1-bathroom units and six 1-bedroom, 1-bathroom units, all built with a wood-frame construction and featuring pitched shingle roofs. The electricity is sub-metered, with tenants responsible for their electric bills, while water is provided by the city and paid for by the landlord. The property uses a septic tank system, also maintained by the landlord. Haven Apartments (Winter Haven, FL): Built in 1974, this three-unit property offers all 2-bedroom, 1-bathroom units constructed from concrete block with pitched shingle roofs. Both water and electricity are sub-metered, and the property benefits from a central AC system. Sewer and water services are provided by the city. With a total of 19 units, a mix of both 1-bedroom and 2-bedroom apartments, and well-maintained utility systems, the North Oak portfolio represents a stable, high-potential opportunity for multifamily investors looking to capitalize on the rental demand in Polk County’s growing markets.
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Last updated Jan 9, 2025
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MLS# TB8336412 —
The Building
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Year Built:1964
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New Construction:false
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Construction Materials:Concrete
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Roof:Shingle
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Foundation Details:Slab
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# of Buildings:7
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Building Area Units:Square Feet
Interior
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Interior Features:Thermostat
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Fireplace:false
Room Dimensions
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Living Area:2448
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Living Area Units:Square Feet
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Living Area Source:Public Records
Location
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Directions:Take a right while heading east bound on Hesperides Rd.
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Latitude:27.910877
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Longitude:-81.609261
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Coordinates:-81.609261, 27.910877
The Property
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Parcel Number:272934875300001190
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Property Type:Residential Income
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Property Subtype:Multi Family
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Lot Size Acres:0.24
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Lot Size Area:10655
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Lot Size SqFt:10655
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Lot Size Dimensions:50 x 199
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Lot Size Units:Square Feet
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Total Acres:1/2 to less than 1
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Zoning:R-3
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View:false
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Exterior Features:Lighting
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Water Source:Public
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Road Surface Type:Asphalt
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Flood Zone Code:X
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Additional Parcels:true
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Additional Parcels Description:27-29-34-875300-001200, 26-28-08-000000-023140 26-28-08-000000-023200, 26-28-17-547500-017030
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (407) 907-0350
- Office phone:
- (407) 207-2220
Taxes
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Tax Year:2023
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Tax Lot:19
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Tax Block:A
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Tax Legal Description:NORTHSIDE HEIGHTS PB 36 PG 48 BLK A LOT 19
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Tax Book Number:36-48
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Tax Annual Amount:6204.84
Beds
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Bedrooms Total:32
Baths
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Total Baths:19
The Listing
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/stellar/TB8336412
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Special Listing Conditions:None
Heating & Cooling
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Heating:Central
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Heating:true
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Cooling:Central Air
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Cooling:true
Utilities
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Utilities:Electricity Connected
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Sewer:Public Sewer
Appliances
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Laundry Features:None
The Community
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Subdivision Name:NORTHSIDE HEIGHTS
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Senior Community:false
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Water View:false
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Water Access:false
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Waterfront:false
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Pool Private:false
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Association:false
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Ownership:Fee Simple
Parking
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Garage:false
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Carport:false
Extra Units
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# of Units Total:19
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/8/25
Jan 8, 2025
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Listed / Active | STELLAR_MLS | $2,600,000 | 563.3% (268.8% / YR) |
|
12/5/22
Dec 5, 2022
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STELLAR_MLS | $392,000 | -6.7% | |
|
11/17/22
Nov 17, 2022
|
STELLAR_MLS | $420,000 |
