This concrete block apartment complex is located in downtown Lake Wales. It has a total of 8 units with one of the 8 being used as storage/laundromat area which can be turned into a rental unit. There will need to be some rehab to each unit but the bones are good and a new metal roof was installed in 2004. All the units are now currently vacant. There looks to be an opportunity for a nice 14% annual yield on this one once rehabbed and occupied. Also it would be a solid weekly rental.
8 Units in Lake Wales
8 bed / 8 bath2,170 sq ft Built in 1950Multi-family
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