315 RIDGE MANOR Drive

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Address: 315 Ridge Manor Dr, Lake Wales, FL 33853, USA

Florida & Gulf Coast + Apartment Buildings

Created date: March 20, 2026

Date last updated: October 7, 2026

Price: $749,000Investment Analyzer NEW!

Property Description

Exceptional 11-Unit Income Opportunity with Strong Rental Appeal! Don't miss this unique mixed-unit multifamily property offering a versatile unit mix designed to attract a wide range of tenants and help minimize vacancies. With all 11 units currently occupied and long-term leases in place, this property provides immediate and stable income for the savvy investor. Ideally located with convenient access to schools, shopping, medical facilities, and major travel routes including Hwy 27 and SR 60, tenants enjoy easy north/south/east/west commuting-making this a highly desirable rental location. Recent improvements include a new roof and new septic drainfield, offering added peace of mind and reduced near-term capital expenses. Whether you're expanding your portfolio or seeking your first solid, income-producing asset, this property checks all the boxes. Private showings are now being scheduled-secure your opportunity today!

Available

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Broker Details

Dolores Vogel

Legacy Real Estate Center, Inc (863) 676-0200 MLS ID: 265000008 State License Number: 621090

Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$749,000
No. of Units:	11
Year Built:	1926
Lot Size:	5,030.00 Sq ft
Opportunity Zone:	No
Price per unit:	$68,091
Property Website	Click Here
Number of Bedrooms:	6
Number of Bathrooms:	12

Address: 315 RIDGE MANOR Drive, LAKE WALES, FL 33853, USA

Provided by:

Standard Status: Active

MLS Listing Number: K4903360
ID: 3yd-MFRMLSFL-K4903360

Copyright Disclaimer: Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Analyzer

Step 1Financing Calculation

Purchase Price *

Down Payment *

Financed Amount

Term (Years) *

# of Payments Per Year *

Total Payments

Annual Interest Rate *

Monthly P&I

Annual P&I

Step 2Gross Rent Analysis

Please enter annual amounts.

Gross Rent *

Management Fee

Maintenance Reserve

Insurance

Property Taxes

Vacancy Reserve

Utilities

Misc. Expenses

Monthly Net Income

Annual Net Income

Step 3Cap Rate Calculation

Comparable Cap Rates *

Price Based on Cap Rate

Cap Rate Based on Price

Step 4Final Deal Analysis

Monthly Cashflow

Annual Cashflow

Cash on Cash Return

Overall Return on Full Price

Annual Approx. Depreciation

Annual Approx Market Appreciation

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Management

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315 RIDGE MANOR Drive

Property Description

Request Information

Broker Details

Key Property Information

Investment Analyzer

Step 1Financing Calculation

Step 2Gross Rent Analysis

Step 3Cap Rate Calculation

Step 4Final Deal Analysis

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