For sale· 39 days on market
1021 COHASSETT
Lake Wales, FL, 33853·MLS# P4939125
$397,000
Estimated $2,600/mo estimated
- 8
- Bedrooms
- 4
- Bathrooms
- 2,188
- Sq ft
- 0.53 ac
- Lot size
- 1950
- Year built
- $181
- Per sq ft
- Residential Income
- Built 1950
- 0.53 acre lot
About this home
This multifamily investment property is strategically located in Lake Wales just off State Road 60, a major east-west corridor connecting Lake Wales to Lakeland and the broader Polk County market. The property is also just minutes from US Highway 27, providing convenient access to Lakeland as well as northbound routes to Davenport, Interstate 4, Celebration, and Kissimmee. The property consists of four income-producing rental units, including: One 3-bedroom unit currently leased for $1,200 per month One 2-bedroom unit currently leased for $850 per month One 1-bedroom unit currently leased for $850 per month One detached cottage currently leased for $850 per month All tenants are responsible for their own electric and water utilities, helping to minimize owner operating expenses. This property offers stable rental income with strong accessibility to major employment centers, transportation routes, and growing Central Florida markets.
Facts & features
Interior
- Bedrooms
- 8
- Bathrooms
- 4 full
- Living area
- 2,188 sqft
Property
- Type
- ResidentialIncome
- Year built
- 1950
- Lot size
- 0.53 acres
Financial
- Annual taxes
- $2,811
- Price / sqft
- $181
Estimate your monthly payment
$2,600/ month estimated
- Principal & interest$2,071
- Property tax$364
- Insurance$165
Illustrative estimate — not a lending offer.
Location
Lake Wales, FL
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Courtesy of KELLER WILLIAMS REALTY SMART 1
reThought Real Estate
My local team · (407) 974-5509
$397,000
8 bd · 4 ba · 2,188 sqft