**Price Reduction** OFF-MARKET Quadplex Under 120k Sold

  • $119,900
  • 4 beds
  • 4 baths
  • 1,104 sqft

Multifamily opportunities like this one rarely come up. This concrete 4plex is only needing minor repairs to make it rent ready. The unit consist of 4 studio apartments. The average rent for studio apartments in this area is 550/month which will give an investor a gross 16% ROI and a 14% NET ROI since there is minimal annual expenses that an investor will incur. The property also has a big lot in the front that will allow any investor to build another structure for more income. With this being zoned R-3 Multifamily there will be no problem getting it permitted.

Price:
$119,900
Address:
143 D St. Apt. 1,2,3,4
Lake Wales, FL 33853
Square Feet:
1,104
Bedrooms:
4
Bathrooms:
4
Terms:
For Sale
Property Type:
Home
Year Built:
1988
Const. Type:
Concrete

Call 407-602-8966 for more details

Property Location

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