9035 Temple Drive, Lake Wales, FL 33898
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9035 Temple Drive, Lake Wales, FL 33898
9035 Temple Drive, Lake Wales, FL 33898
9035 Temple Drive, Lake Wales, FL 33898
9035 Temple Drive, Lake Wales, FL 33898
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Sylvio Martini

Sylvio Martini

+1(305) 876-4420
$ 229,000
Est. payment /mo
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Price Dropped by $25K

9035 Temple Drive Lake Wales, FL 33898

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision Windian Lake Heights Sub

MLS Listing ID A11919610

HOA Y/N No

Year Built 1989

Annual Tax Amount $2,780

Tax Year 2024

Property Sub-Type Triplex

Property Description

THIS PROPERTY WON'T LAST LONG WITH A MAJOR $229,000 PRICE REDUCTION! 3 UNIT MULTIFAMILY OPPORTUNITY WITH CANAL FRONTAGE LEADING TO LAKE-WALK-IN WATER. Located at the end of a private, dead-end street with 164 feet of canal frontage, this unique 0.54-acre multi-family property offers direct access to the 7,500-acre Lake Walk-In-Water—nationally renowned for its trophy bass fishing. Zoned R-3, this property features three existing units and the infrastructure to add a fourth, making it the ultimate versatile asset.
CHOOSE YOUR STRATEGY: 1) The value-add investment at the newly reduced price of $229,000! The property generates $2,075/month ($24,900/year) from just two occupied units (Units A and C), with tenants paying their own utilities. IMMEDIATE UPSIDE: Lease the currently vacant Unit B ($750.00/month) $33,900.00/year unlocking a massive DOUBLE-DIGIT CAP RATE! 2) The Waterfront "House Hacker" Stop paying a mortgage and start getting paid to live on the water. You can immediately move into Unit B—a vacant, sturdy 1975 concrete block apartment featuring a kitchenette and its own private dock. While you enjoy the lake lifestyle, your neighbors in Units A and C will generate $2,075/month which can easily cover your mortgage and property taxes ($3,177/yr), and insurance. Keep it all for your family, or rent out one unit to cover the annual carrying cost. This multifamily property offers multiple strategies and won't last long!

Location

State FL

County Polk

Community Windian Lake Heights Sub

Area 5940 Florida Other

Direction Head north on FL-17, turn south on T S Wilson Rd. In 5.4 miles turn right on Blue Jordan Rd and continue straight onto walker in water rd, turn right onto Boat Landing Rd then right on Tiger Creek Rd, arrived to destination 0.2 miles on the left.

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Hardwood, Wood

Exterior

Pool None

Utilities Available Cable Available

Waterfront Description Canal Front

Roof Type Metal

Private Pool No

Building

Story 1

Sewer Other

Water Well

Level or Stories One

Structure Type Block

Others

Tax ID 29-31-05-000000-023030

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11919610

Miami Association of Realtors (SEFMIAMI MLS)
Listed by LPT Realty, LLC

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Sylvio Martini
Sylvio Martini

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+1(305) 876-4420 | martini@miamirealtysolution.com

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9035 Temple Drive