Sold

434 E Tillman Avenue, Lake Wales, FL 33853

Beds
12
Baths
7
Sqft
4,466

View property features, location on map, relevant school information and overview from seller's agent.

Listed byBHHS FLORIDA PROPERTIES GROUP
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Overview

Price Reduced $25,000 – Seller Motivated!

An outstanding investment opportunity just got even better in the heart of Lake Wales. The seller has lowered the price by $25,000, creating a compelling value for investors seeking strong cash flow and long-term upside.

This 7-unit multifamily property offers solid rental income, strong occupancy, and multiple recent upgrades—making it a true turnkey addition to any portfolio. The unit mix includes five 2-bed/1-bath units and two 1-bed/1-bath units, a proven combination for stable, long-term tenancy.

Major improvements have already been completed, including new roofs and some newer A/C systems, helping reduce future capital expenses and enhance operational efficiency.

A standout feature is the large onsite storage area, presenting excellent value-add or expansion potential. Whether converted into income-producing storage units or reconfigured for future improvements, this space offers flexibility and upside.

Ideally located near schools, shopping, dining, and major roadways, the property benefits from strong tenant demand and consistent occupancy.

Investor Highlights

• Price reduced $25,000
• 7 units (5× 2/1 + 2× 1/1)
• New roofs & newer A/C systems
• Strong existing cash flow
• High occupancy history
• Expansion or storage income potential
• Central Lake Wales location

With pricing improved and upside still intact, this is a rare opportunity to acquire a stabilized multifamily asset with room to grow. Bring your offers—this one is ready to move.

Location

Full feature list

Basic info

Number of stories
2
Number of bedrooms
12
Number of bathrooms
7
Square feet
4,466
Lot size (acres)
0.26
Year built
1920

Utilities

Heating
Electric
Cooling
Central air
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (2024)
$3,028

Public schools

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Sourced from: Stellar MLS MLS®#: L4957773 Last checked:

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