For sale· 217 days on market
425 SESSOMS
Lake Wales, FL, 33853·MLS# L4957271
$305,000
Estimated $1,998/mo estimated
- 2
- Bedrooms
- 3
- Bathrooms
- 1,652
- Sq ft
- 0.31 ac
- Lot size
- 1937
- Year built
- $185
- Per sq ft
- Residential Income
- Built 1937
About this home
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!
Facts & features
Interior
- Bedrooms
- 2
- Bathrooms
- 3 full
- Living area
- 1,652 sqft
Property
- Type
- ResidentialIncome
- Year built
- 1937
- Lot size
- 0.31 acres
Financial
- Annual taxes
- $2,877.34
- Price / sqft
- $185
Estimate your monthly payment
$1,998/ month estimated
- Principal & interest$1,591
- Property tax$280
- Insurance$127
Illustrative estimate — not a lending offer.
Location
Lake Wales, FL
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Courtesy of BHHS FLORIDA PROPERTIES GROUP
reThought Real Estate
My local team · (407) 974-5509
$305,000
2 bd · 3 ba · 1,652 sqft


