2 months on rocket

236 Washington Ave, Lake Wales, FL, 33853

$800,000

Home List Price

$9,500*

Closing Credit

16 Bedrooms
8 Full Baths, 1 Partial
4,123 SqFt
$194/SqFt
Multi

Location

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236 Washington Ave, Lake Wales$800,000

Buyer Closing Credits

$9,500*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1950
HeatingElectric
CoolingWall/Window Unit(s)
MLS #O6243795
Lot Size0.35 Acres
StatusActive

About 236 Washington Ave

Amazing opportunity to expand your real estate holdings in fast-growing central Florida. Lake Wales is among the most robust and exciting cities for investment opportunities, with the city and surrounding Polk County expanding rapidly. This 8-plex is always at capacity in a single-story, single building complex. The major systems of the home have all been recently upgraded. The roof is BRAND NEW, along with the sewer line and many windows. Complex was completely remodeled with electric and plumbing in 2022, and has provided steady cash flow. Complex is built to last with concrete block exterior construction on a concrete foundation, not raised. Tenants pay for their own electric and water, so expenses are minimal. Low property taxes and 1031 exchange opportunity.

Property Details

Property Features

Property Information:

  • Year Built: 1950
  • Stories: 1
  • Living Area: 4,123 SqFt

Listing Office:

  • Office Name: ALABAMA LLC
  • Office Phone: (904) 276-2555
  • Listing Agent: Erich Spivey

Interior Features

Interior Information:

  • Appliances: Cooktop, Range, Refrigerator
  • Flooring Type: Tile
  • Interior: Open Floorplan

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 8
  • Total Bedroom Count: 16

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Courtyard

Virtual/3D Tour

  • Virtual Tour: 236 Washington Ave
Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.35 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: Take US Highway 27 South to Washington Ave, turn L. Drive .7 miles and the complex is at the intersection of Washington and C St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $800,000
  • Price Per SqFt: $194/SqFt
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Housing Market Comparison

See how this home compares to others in Lake Wales, FL.

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Lake Wales, FL

City

Med. Sold Price

$270K

Med. Price/SqFt

$175

Avg. Days On Market

54

# of Sold Homes

27

236 Washington Ave vs Lake Wales

60 DAYS ON ROCKET

+6 Days

$800,000

+$530K More

$194/SqFt

+$19 More

KEY TAKEAWAY

This property is $530K more than the Median Sold Price and $19/SqFt more than other homes in Lake Wales, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #O6243795

Listing Office:

  • Office Name: ALABAMA LLC
  • Office Phone: (904) 276-2555
  • Listing Agent: Erich Spivey

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 7:19:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$4,060

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,465

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-399919
2
/10

  • Janie Howard Wilson School

  • 306 Florida Ave

  • 0.33 miles

  • Public Charter Grades PK-5

school-card-donut-399920
2
/10

  • Spook Hill Elementary School

  • 321 Dr J A Wiltshire Ave E

  • 0.53 miles

  • Public District Grades PK-5

school-card-donut-399921
2
/10

  • Polk Avenue Elementary School

  • 110 E Polk Ave

  • 1.21 miles

  • Public Charter Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $19,107. Residents of Lake Wales, FL typically earn less than $35k each year. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Polk County›Lake Wales›33853›236 Washington Ave

This home is located at 236 Washington Ave in Lake Wales, FL and zip code 33853. This 4,123 square foot home, which was built in 1950, sits on a 0.35 acre lot. Features: 16 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since September 22, 2024 and is currently priced at $800,000.

In October 2024 more than 8 listings in Lake Wales, FL were sold above the asking price. During the same period more than 7 listings were sold at asking price, while more than 12 were sold below. In October 2024 in Lake Wales, FL there were 1% more homes for sale than in September 2024. Listings spent 54 days on the market in October 2024, and had a median list price of $270,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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