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

$61,000

$1,998/ month estimated

  • Principal & interest$1,591
  • Property tax$280
  • Insurance$127

Illustrative estimate — not a lending offer.

Location

Lake Wales, FL

Similar homes nearby

Courtesy of BHHS FLORIDA PROPERTIES GROUP

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Listing data courtesy of BHHS FLORIDA PROPERTIES GROUP. My request routes to reThought Real Estate in DashBrew CRM.

$305,000

2 bd · 3 ba · 1,652 sqft