Located in Lake Wales, this affordable multifamily project offers excellent potential for your next investment. The property is a solid concrete-block duplex with 9 bedrooms and 3 bathrooms, featuring a 2-bedroom, 1-bathroom unit on one side and a 7-bedroom, 2-bathroom unit on the other. 

It will require significant restoration, due diligence, and creativity to bring it up to code and modern living standards. Luckily, the roof was replaced in 2024. Zoning permits use as either a duplex or a single-family residence. This property is ideal for a long-term buy and hold or a PadSplit conversion to maximize income potential. 

Renovated units in the area rent for approximately $1,300 to $1,400 per month, with even higher potential through room-by-room rentals averaging $176 to $261 per week. Multifamily values across Polk County continue to rise, offering a great opportunity to build sweat equity. For more information, contact your EquityPro Advisor.