428 E Johnson Ave
- Value-Add Potential! Historic multifamily investment property
- Six spacious 1-bedroom / 1-bathroom units totaling 4,408 SF total SF
- Constructed in 1928 with preserved architectural details and historic charm
- Recent renovations started, offering value-add potential!
- Situated on lush 0.52 acre parcel zoned R-1B
- Located in a vibrant community with diverse demographics
- Strong demand for well-maintained Multifamily Rentals in the area
- Close to Historic Downtown District shopping, dining, cultural attractions
- Nearby many local amenities, parks, schools, and recreational facilities
- Ideal for investors seeking value-add opportunities
Property Description
Lee & Associates presents an exceptional investment opportunity at 428 E Johnson Ave, Lake Wales, FL 33853. This historic two-story multifamily property, constructed in 1928, spans 4,408 square feet and is situated on a generous 0.52-acre lot. The building comprises six units, each featuring one bedroom and one bathroom, offering a total of six bedrooms and six bathrooms. Recent renovations have been initiated, providing a solid foundation for further enhancements to maximize rental income potential. Located in the heart of Lake Wales, this property benefits from its proximity to local amenities and attractions. The area boasts a diverse demographic, with a population of approximately 16,455 residents and a median age of 43.1 years. The community offers a blend of cultural and recreational activities, making it an attractive location for potential tenants.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $550,000 |
| No. of Units: | 6 |
| Year Built: | 1928 |
| Lot Size: | 0.52 Acres |
| Opportunity Zone: | No |
| Price per unit: | $91,667 |
| Property Website | Click Here |
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