6900 Miami DRIVE Lake Wales, FL $ 550,000
6900 Miami DRIVE
$ 550,000
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6900 Miami DRIVE

Lake Wales, FL, 33898
$ 550,000
Bedrooms4 Baths4.0 Sq 3,264

Monthly Estimate*

$ 3,655

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Multi-Family Home for sale in Lake Wales, FL

for $550,000 with 4 bedrooms and 4 full baths. This 3,264 square foot home was built in 1959 on a lot size of 0.44.

Under contract-accepting backup offers. The Twin Palms Apartments is a 4-unit apartment community in Lake Wales, Florida. Consisting of two rock-solid masonry buildings on 1 parcel totaling nearly half an acre, the property features new roofs, large updated units, lush tropical landscaping, and a huge courtyard / BBQ area, lined with new pavers & a pergola. Located in Polk County, the fastest growing County in Florida and 7th fastest in the Nation, the property is an excellent opportunity to acquire a low maintenance multifamily asset that qualifies for residential financing! Property is fully occupied. DO NOT DISTURB TENANTS.

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Multi-Family Pending

Price

$ 550,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 2,588

Style

Quadruplex

Lot Size

0.44

Year Built

1959

Town/City

Lake Wales

County/Region

Polk

MLS | Web ID

A4588077

Features
General
Interior Features Ceiling Fan(s)
Sewer Septic Tank
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Utilities Electricity Connected
Roof Shingle
Exterior Features Courtyard
Zoning PUD
HOA 347
Construction Materials Block Concrete
Pets Allowed No
Year Built 1959
Levels One
Property SubType Quadruplex
Tax Year 2022
Percent Ownership Fee Simple
Assoc Fee Paid Per Annually
County Polk
New Construction No
Property Type Residential Income
HOA / Comm Assn Y
Subdivision Name INDIAN LAKE ESTATES
Garage Y/N No
Status Pending
Directions Exit Hesperides Rd east bound on Deland Ave take a left turn on Park Ave then take a left turn on Daytona Dr continue down the road to Miami Dr. Property will be on the right hand side.
City LAKE WALES
Buyer Agent Compensation 2.5%
Senior Community Y/N No
Total Units 4
MLS Area 33898 - Lake Wales
Lot Size Square Feet 19249
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name Miami
Listing Terms Cash Conventional
Tax Annual Amount 2588.71
Public Remarks Under contract-accepting backup offers. The Twin Palms Apartments is a 4-unit apartment community in Lake Wales Florida. Consisting of two rock-solid masonry buildings on 1 parcel totaling nearly hal
Ok to Lease 12 Months
Days on Market 172
Standard Status Pending
Tax Lot 1
Virtual Tour https://multifamilyfirm.com/our-available-properties/?propertyId=Multifamily-For-Sale-Twin-Palms-Apartments-Lake-Wales-FL
Legal Description INDIAN LAKE ESTS UNIT 10 SEC 4/9 31 30 PB 40 PG 14 BLK 318 LOT 1 THAT PART DESC AS BEG AT MOST NLY COR RUN S 44 DEG 10 MIN 35 SEC E 198.05 FT S 76 DEG 37 MIN 40 SEC W 137.83 FT N 43 DEG 50 MIN 50 SEC
Water Access Y/N No
Monthly HOA Amount 28.92
Water View Y/N No
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Exterior
Water Source Public
Lot Size Area 19249
Foundation Details Slab
Number of Buildings 2
Lot Dimensions 169 x 118
Lot Size Acres 0.44
Road Surface Type Asphalt
Lot Size Units Square Feet
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Interior
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Street Suffix DRIVE
Total Bedrooms 4
Total Baths 4
Living Area Units Square Feet
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* Excluded Features
List By
The Multifamily Firm Llc

Broker

kyle@multifamilyfirm.com

Email

Affordability Calculator

$3,871
Per Month
94%
6%
0%
Monthly Principal & Interest
$3,655
Monthly Property Taxes
$216
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
266288 Elementary School
265661 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/4/2024$550,000 -1.79% Price Down
3/20/2024$560,000 -0.88% Price Down
3/6/2024$565,000 -0.88% Price Down
2/29/2024$570,000 -0.87% Price Down
2/13/2024$575,000 -3.36% Price Down
12/11/2023$595,000 -4.80% Price Down
11/14/2023$625,000 -3.85% Price Down
11/3/2023$650,000 Listed Price

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6900 Miami DRIVE, Lake Wales, FL, 33898 is a Multi-Family Home for sale at $550,000 with 3,264 sqft and a lot size of 0.44. 6900 Miami DRIVE has 4 bedrooms, 4.0 baths, and was built in 1959. The property's zip code is 33898 which is in Lake Wales, FL