$1,568,000
$1,700,000
7.8%For more information regarding the value of a property, please contact us for a free consultation.
436 E PARK AVE Lake Wales, FL 33853
21 Beds
21 Baths
11,834 SqFt
Key Details
Sold Price $1,568,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,834 sqft
Price per Sqft $132
Subdivision Lake Wales
MLS Listing ID K4901954
Sold Date 07/03/23
Bedrooms 21
HOA Y/N No
Originating Board Stellar MLS
Year Built 1925
Annual Tax Amount $11,409
Lot Size 0.330 Acres
Acres 0.33
Lot Dimensions 97x150
Property Description
IT’S ALL ABOUT THE LOCATION! We are pleased to present this phenomenal investment opportunity to acquire The Court of Seven Chimneys Apartments. This unique and fully rented apartment complex comprises 21 apartments, court yard, laundry facility and a parking lot. There are 20 Studio Apts. with original hardwood flooring, coved ceilings, picture rail molding, Murphy Beds, fireplaces (nonworking), separate eat-in kitchens, closet/storage area and French doors to front & back screen rooms. A spacious loft apartment is above the rotunda entry into the court yard, it is flanked by the dual wings of the building. The Loft apartment allows for formal living area adorned with wood floor, window seats, fireplace, walk-in closet, full bath and circular stairs to an upstairs bedroom with large area, ideal for sitting area and storage. These delightful dwellings offer abundant natural light, elegant details while still serving renters and providing comfortable living quarters. This beloved 1925 building stands across from the Crystal Lake Park offering scenic views of the lake, garden paths, picnic areas and playground. Pathways lead across Lakeshore Blvd. to the city park on Lake Wailes that has paved & lighted trail circling the lake and a large covered pier to enjoy, a public boat ramp is nearby. Additionally, this in-town location is within walking/biking/scootering to the downtown Historic District, library, churches, restaurants, and shops. This multi-unit complex is ideal for Investors, Vacation Rental Operator for short-term destination retreat, long-term renters or winter residents. Seller will entertain a combined purchase with 10-unit complex just minutes away, The Grand Floridian at, 241 E Seminole Ave. ***NO OWNER FINANCING***
Location
State FL
County Polk
Community Lake Wales
Zoning C
Interior
Interior Features Cathedral Ceiling(s), Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Solid Wood Cabinets, Walk-In Closet(s), Window Treatments
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Flooring Ceramic Tile, Laminate, Wood
Fireplace false
Laundry Other
Exterior
Exterior Feature Balcony, Courtyard, Lighting, Sidewalk
Garage Ground Level, Open
Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Street Lights, Water Connected
Waterfront false
View Park/Greenbelt, Water
Roof Type Shingle
Garage false
Private Pool No
Building
Lot Description Historic District, City Limits, Level, Near Public Transit, Oversized Lot, Sidewalk, Street One Way, Paved
Entry Level Two
Foundation Crawlspace
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Other, Stucco
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with FUTURE HOME REALTY INC