This four-plex investment property offers both stability and long-term potential, situated in a desirable area bordering Lake Effie in Lake Wales. Each of the four units provides approximately 600 sq. ft. of comfortable living space, designed to meet the needs of tenants seeking practical and affordable housing. With consistent occupancy and strong rental demand in the Lake Wales market, the property produces a solid $4,800 in monthly gross income ($57,600 annually).

Unit Features

• Four units at ~600 sq. ft. each

• Designed with tenant-friendly layouts for efficient use of space

• Each unit currently rents for $1,200/month, ensuring predictable cash flow

• Well-suited for singles, couples, or small households

Location & Lifestyle

• Lakefront Appeal: The property borders Lake Effie, providing scenic views and enhanced tenant desirability.

• Convenience: Located within minutes of shopping, dining, schools, and downtown Lake Wales.

• Proximity to Growth Corridors: Easy access to Highway 60 and US-27, connecting tenants to Winter Haven, Bartow, and the greater Central Florida region.

Investment Highlights

• Income-Producing Asset: $57,600 gross annual rent with potential for rent growth.

• Tenant Demand: Affordable mid-sized units in a market with high rental absorption.

• Value-Add Opportunity: Cosmetic updates, landscaping, or lakefront enhancements could increase both tenant retention and property value.

• Strategic Location: Borders Lake Effie, adding character and uniqueness compared to competing rental options.

5 Mile Demographics

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