241 E Seminole Avenue
Lake Wales, FL 33853
- 1 bed
- 1 bath
- – sqft
- 15,972 sqft lot
- 1930 build
- – on site
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GREAT OPPORTUNITY TO PURCHASE a value-add apartment complex in one of the fastest growing markets in the heart of Central Florida. The GRAND FLORIDIAN apartment complex houses 10 units with desirable layouts and are of comfortable sizes. The apartments offer original hardwood flooring, with a living room, dining room, kitchen, bedroom and full bathroom. The property has laundry facilities and its own private parking lot. The convenience of this in-town location is suitable for walking or biking on quiet streets and numerous sidewalks that lead to city parks, lakes and sports fields. It’s an enjoyable location to Historic Downtown Lake Wales, library, restaurants and shops. This is a grand investment property to consider adding to your monetary portfolio with continual long-term rent income or to consider a different avenue as, Vacation Rental Operator for winter residents and/or short-term destination retreat. Seller will entertain a combined purchase with 21-unit complex just minutes away at the Court of Seven Chimneys on Park Avenue.
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Last updated Nov 21, 2024
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MLS# 293220 —
The Building
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Year Built:1930
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Architectural Style:Two Story
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Roof:Rolled/Hot Mop, Shingle
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Levels:Two
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Stories:2
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Window Features:Blinds
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Construction Materials:Block, Concrete
Interior
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Flooring:Hardwood, Plank, Vinyl
Financial & Terms
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Listing Terms:Cash, Conventional
Location
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Directions:From US Hwy. 27 turn EAST on Central Ave., turn LEFT on Scenic Hwy. (SR-17), turn RIGHT at Seminole Ave. property is on LEFT.
The Property
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Parcel Number:27-30-02-909610-010040
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Property Type:Residential Income
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Property Subtype:Apartment
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Property Subtype Additional:Apartment
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Property Condition:Resale
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Lot Size Acres:0.37
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Lot Size Area:0.37
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Lot Size Square Feet:15972
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Lot Size Units:Acres
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Zoning Description:R-3
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Frontage Length:132
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Road Responsibility:Public Maintained Road
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Road Surface Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (863) 431-2000
- Office phone:
- (863) 431-2000
Taxes
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Tax Year:2022
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Tax Legal Description:ALTA VISTA PB 5 PG 12 BLK JJ LOTS 4 & 5
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Tax Annual Amount:9729.8
Beds
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Total Bedrooms:1
Baths
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Total Baths:1
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Full Baths:1
The Listing
Heating & Cooling
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Heating:Wall Furnace
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Heating:Yes
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Cooling:Yes
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Cooling:Wall Unit(s)
Utilities
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Utilities:Sewer Available
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Electric Water Heater, Oven, Range, Refrigerator
The Community
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Community Features:Property Manager On-Site
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Pool Features:None
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Association:No
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# of Units In Community:10
Parking
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Parking Features:Assigned, Driveway, Detached, On Street
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).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/31/23
May 31, 2023
|
Sold | HMLS_FL | ||
|
3/29/23
Mar 29, 2023
|
STELLAR_MLS | $900,000 | ||
|
3/7/23
Mar 7, 2023
|
STELLAR_MLS | $900,000 | 361.5% (39.2% / YR) |
