For SaleDuplexActive
425 E Sessoms Avenue
Lake Wales, FL 33853
$285,000
338 Days On Site
- 2Beds
- 3Baths
- 1,652Sq Ft
- $173Per Sq Ft
- 0.31Acres
- 1937Built
- Subdivision
- Lake Wales
- County
- Polk
- MLS®
- L4957271
Overview
Reduced price! Motivated seller! High-Yield Turnkey Triplex with 2024 Upgrades! Investors, seize this rare income-producing asset generating $3,000 in gross monthly revenue with an exceptionally low expense profile. Situated on a spacious 0.31-acre lot, this property offers the perfect blend of density and privacy across two solid brick residential buildings. Major 2024 Capital Upgrade: A Brand New Roof was installed across the property in 2024, providing years of worry-free ownership. Both primary buildings are equipped with Central AC to ensure maximum tenant comfort and retention. The Layout:425 E Sessoms Ave: A standalone 1-bedroom, 1-bathroom cottage (685 sq ft) featuring a private 90 sq ft finished screened porch and a classic fireplace. 427 E Sessoms Ave (Front): A private 1-bedroom, 1-bathroom suite with its own dedicated front entrance and porch. 427 E Sessoms Ave (Rear): A secluded private studio with a separate side/rear entrance for ultimate tenant privacy. Bonus Value: A detached large storage building at the rear includes an on-site laundry room, a high-demand amenity that adds significant utility. Built with common brick exterior walls, this property is designed for low-maintenance, long-term performance. With an annual gross income of $36,000 and minimal overhead, this "Cash Cow" is ready for Day 1 operations. Schedule your showing today!
Listing Snapshot
- Price
- $285,000
- Days On Site
- 338 Days
- Bedrooms
- 2
- Inside Area (SqFt)
- 1,652 sqft
- Total Baths
- 3
- Full Baths
- N/A
- Partial Baths
- 0
- Lot Size
- 0.31 Acres
- Year Built
- 1937
- MLS® Number
- L4957271
- Status
- Active
- Property Tax
- $2,877.34 (2024)
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- Public Records
Property Details
General Features
9 items
- Acres
- 0.31
- Foundation
- Slab
- Levels
- One
- Property Sub Type
- Duplex
- Sewer
- Public Sewer
- SqFt Total
- 1,930
- Utilities
- Cable Available, Cable Connected, Electricity Connected
- Water Source
- Public
- Zoning
- R-2
Interior Features
6 items
- Appliances
- Range, Refrigerator
- Cooling
- Central Air
- Flooring
- Laminate, Tile
- Heating
- Central
- Interior
- Other
- Laundry Features
- Laundry Room
Exterior Features
3 items
- Construction Details
- Block, Stucco
- Exterior
- Other
- Roof
- Shingle
Community Features
5 items
- Accessibility Features
- Accessible Entrance, Accessible Bedroom, Accessible Closets
- MLS Area
- 33853 - Lake Wales South
- Township
- 30
- Financing Terms Available
- Cash, Conventional
- Roads
- Asphalt
Location
425 E Sessoms Avenue, Lake Wales, FL 33853 · 33853 - Lake Wales South
Neighborhood & Commute
ZIP Code 33853
- Median household income
- $44,608
- Income per person
- $24,287
- Households
- 4,917
- Average household size
- 2.50
- Median age
- 42.3
Source: Walk Score.
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Price & Status History
- Listing updated with changes from the MLS®
- Price changed to $285,000
- Listing first seen on site
- Status changed to Active
Friends & Family
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