Mountain Lake Cutoff Rd., Lake Wales, FL 33859

RENEGOTIATED!

Price WAS: $450,000

NOW ONLY $389,900!

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Buyer fell through at the last minute. They couldn’t come up with the funds to close. We reduced the property majorly now and can close right away! Awesome opportunity right near Legoland!   This property consists of 9 units on nearly 10 acres! (9.77 acres)

7 – 1 bedroom 1 bath apartments (867 SF each)

1 – 4 Bedroom 2 Bath Home

1 – 3 Bedroom 2 Bath Home

6 Units Occupied. 3 Units Vacant

Utilities: Well Water & 3 Septic tanks Roof Redone in 2007

Location: Polk County 15 Minutes from Legoland

Assignable

Est. Rehab: $80,000 – $100,000

Current Rental Income: $2000 Monthly

Projected Rental Income: $5500 Monthly

Est. ARV: $599,000