For sale· 63 days on market
315 RIDGE MANOR
Lake Wales, FL, 33853·MLS# K4903360
$759,000
Estimated $4,970/mo estimated
- 6
- Bedrooms
- 12
- Bathrooms
- 5,030
- Sq ft
- 0.79 ac
- Lot size
- 1926
- Year built
- $151
- Per sq ft
- Residential Income
- Built 1926
- 0.79 acre lot
About this home
Exceptional 11-Unit Income Opportunity with Strong Rental Appeal! Don’t miss this unique mixed-unit multifamily property offering a versatile unit mix designed to attract a wide range of tenants and help minimize vacancies. With all 11 units currently occupied and long-term leases in place, this property provides immediate and stable income for the savvy investor. Ideally located with convenient access to schools, shopping, medical facilities, and major travel routes including Hwy 27 and SR 60, tenants enjoy easy north/south/east/west commuting—making this a highly desirable rental location. Recent improvements include a new roof and new septic drainfield, offering added peace of mind and reduced near-term capital expenses. Whether you’re expanding your portfolio or seeking your first solid, income-producing asset, this property checks all the boxes. Private showings are now being scheduled—secure your opportunity today!
Facts & features
Interior
- Bedrooms
- 6
- Bathrooms
- 12 full
- Living area
- 5,030 sqft
Property
- Type
- ResidentialIncome
- Year built
- 1926
- Lot size
- 0.79 acres
Financial
- Annual taxes
- $9,928
- Price / sqft
- $151
Estimate your monthly payment
$4,970/ month estimated
- Principal & interest$3,958
- Property tax$696
- Insurance$316
Illustrative estimate — not a lending offer.
Location
Lake Wales, FL
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Courtesy of LEGACY REAL ESTATE CENTER INC
reThought Real Estate
My local team · (407) 974-5509
$759,000
6 bd · 12 ba · 5,030 sqft