425 E Sessoms Avenue, Lake Wales, FL 33853
- $305,000
- 2
- BD
- 3
- BA
- 1,652
- SqFt
- List Price
- $305,000
- Status
- Active
- Days on Market
- 233
- Price Change
- ▼ $5,000 1783972818
- MLS#
- L4957271
- Property Style
- Duplex
- Year Built
- 1937
- Bedrooms
- 2
- Bathrooms
- 3
- Living Area
- 1,652
- Lot Size
- 13,464
- Acres
- 0.31
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Lake Wales
- MLS Area Major
- Lake Wales South
Property Description
Reduced price! Motivated seller! High-Yield Turnkey Triplex with 2024 Upgrades! Investors, seize this rare income-producing asset generating $3,000 in gross monthly revenue with an exceptionally low expense profile. Situated on a spacious 0.31-acre lot, this property offers the perfect blend of density and privacy across two solid brick residential buildings. Major 2024 Capital Upgrade: A Brand New Roof was installed across the property in 2024, providing years of worry-free ownership. Both primary buildings are equipped with Central AC to ensure maximum tenant comfort and retention. The Layout:425 E Sessoms Ave: A standalone 1-bedroom, 1-bathroom cottage (685 sq ft) featuring a private 90 sq ft finished screened porch and a classic fireplace. 427 E Sessoms Ave (Front): A private 1-bedroom, 1-bathroom suite with its own dedicated front entrance and porch. 427 E Sessoms Ave (Rear): A secluded private studio with a separate side/rear entrance for ultimate tenant privacy. Bonus Value: A detached large storage building at the rear includes an on-site laundry room, a high-demand amenity that adds significant utility. Built with common brick exterior walls, this property is designed for low-maintenance, long-term performance. With an annual gross income of $36,000 and minimal overhead, this "Cash Cow" is ready for Day 1 operations. Schedule your showing today!
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Additional Information
- Taxes
- $2877
- Minimum Lease
- No Minimum
- Annual Gross Income
- 33312
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- R-2
- Interior Layout
- Ceiling Fans(s), Other
- Interior Features
- Ceiling Fans(s), Other
- Floor
- Laminate, Luxury Vinyl, Tile
- Appliances
- Range, Refrigerator
- Utilities
- Cable Connected, Electricity Connected
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Stucco
- Exterior Features
- Outbuildings, Other
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Flood Zone Code
- X
- Parcel ID
- 27-30-01-883000-018100
- Legal Description
- LAKE WALES PB 1 PG 88A 88B S1&2 T30 R27 BLK 18 LOT 10
Listing courtesy of BHHS FLORIDA PROPERTIES GROUP. 863-701-2350
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