1 of 1

Want to see similar homes for sale?

502 S 7th Street

Lake Wales, FL 33853

– beds
– baths
1,344 sqft
9,583 sqft lot
$167 per sqft
1973 build
– on site

More homes

Turn-Key investment property! Recently and completely remodeled, these two units offer 2 Bed/1 Bath each. 2021 new roof, R-30 blown-in insulation, exterior painted and new central a/c on one side. 2020 all windows replaced with double-pane, energy efficient windows. 2017/2018 interior on both sides completely renovated. New tile throughout, new kitchens, new bathrooms, new hot water heaters, new ceiling fans, new doors, baseboards and new a/c. Each unit has it's own electric meter and there is a large parking pad for ample parking. Both sides rented, with good renters and leases through December, 2021. Centrally located in Lake Wales, right off Hwy 60E, near State Road 27, Babson Park and Winter Haven.

Listing courtesy of STELLAR_MLS / WESTLAKE REAL ESTATE CO., INC.

Last checked: Checking… • Last updated Sep 5, 2024 •

MLS# K4901441 —

The Building

Year Built:

1973
New Construction:

false
Construction Materials:

Block
Roof:

Shingle
Foundation Details:

Slab
# of Buildings:

1
Building Area Units:

Square Feet

Interior

Interior Features:

Ceiling Fan(s)
Fireplace:

false

Room Dimensions

Living Area:

1344
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

Highway 60E to 7th St., South.
Latitude:

27.893725
Longitude:

-81.577372
Coordinates:

-81.577372, 27.893725

The Property

Parcel Number:

273012920500001010
Property Type:

Residential Income
Property Subtype:

Duplex
Property Condition:

Completed
Lot Size Acres:

0.22
Lot Size Area:

9583
Lot Size SqFt:

9583
Lot Size Dimensions:

65 x 150
Lot Size Units:

Square Feet
Total Acres:

0 to less than 1/4
Zoning:

R-3
View:

false
Exterior Features:

Sidewalk
Water Source:

Public
Road Surface Type:

Asphalt
Flood Zone Code:

X
Additional Parcels:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2020
Tax Lot:

1
Tax Block:

A
Tax Legal Description:

PALM PARK TERRACE PB 10 PG 45 BLK A LOT 1
Tax Book Number:

10-45
Tax Annual Amount:

1269.24

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Electricity Connected
Sewer:

Public Sewer

Appliances

Appliances:

Electric Water Heater

The Community

Subdivision Name:

PALM PARK TERRACE
Senior Community:

false
Water View:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Carport:

false

Extra Units

# of Units Total:

2

Explore the Area

My Commute

From

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
8/31/21 Aug 31, 2021	Sold	STELLAR_MLS	$225,000	262.9% (51.1% / YR)
7/8/16 Jul 8, 2016		STELLAR_MLS	$62,000

Multifamily Sold on 8/31/2021

$225,000

Listing provided by broker:

Anne Lazzari

WESTLAKE REAL ESTATE CO., INC.

Newest listings in Lake Wales, FL

Similar sold homes

Listing Courtesy of: STELLAR_MLS and WESTLAKE REAL ESTATE CO., INC..

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.

502 S 7th Street

Lake Wales, FL 33853