1 month on rocket

325 Dorsett Ave Unit A & B, Lake Wales, FL, 33853

$194,900

Home List Price

$2,314*

Closing Credit

4 Bedrooms
2 Baths
1,420 SqFt
$137/SqFt
Multi

Location

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325 Dorsett Ave Unit A & B, Lake Wales$194,900

Buyer Closing Credits

$2,314*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1961
HeatingElectric
CoolingWall/Window Unit(s)
MLS #L4948447
Lot Size0.14 Acres
StatusActive

About 325 Dorsett Ave Unit A & B

This block construction duplex in Lake Wales features two 2 bed, 1 bath units, each currently rented at $800/month. With rental comps in the area at $1,100/month, there’s excellent potential to increase cash flow. This property is easily maintained thanks to its solid block construction, making it a hassle-free investment. A great opportunity for investors looking for steady income and room for growth in rental rates! Both Leases that are in place expire in December

Property Details

Property Features

Property Information:

  • Year Built: 1961
  • Living Area: 1,420 SqFt

Listing Office:

  • Office Name: LA ROSA REALTY PRESTIGE
  • Office Phone: (863) 940-4850
  • Listing Agent: Wes Fleming

Interior Features

Interior Information:

  • Interior: Ceiling Fans(s)

Bedroom and Bathroom Information:

  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Other

Virtual/3D Tour

  • Virtual Tour: 325 Dorsett Ave Unit A & B
Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: from SR 17 headed north. Take a left turn on JA Wiltshire ave, and follow to MLK ave. turn left travel two blocks turn left. the property will be on your right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $194,900
  • Price Per SqFt: $137/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

$273.2K

Med. Price/SqFt

$175

Avg. Days On Market

76

# of Sold Homes

42

325 Dorsett Ave Unit A & B vs Lake Wales

55 DAYS ON ROCKET

-21 Days

$194,900

-$78.3K Less

$137/SqFt

-$39 Less

KEY TAKEAWAY

This property is $78.3K less than the Median Sold Price and $39/SqFt less 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: #L4948447

Listing Office:

  • Office Name: LA ROSA REALTY PRESTIGE
  • Office Phone: (863) 940-4850
  • Listing Agent: Wes Fleming

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: 12/23/2024, 8:19:52 AM 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

$1,040

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$651

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-1163777
2
/10

  • Janie Howard Wilson School

  • 306 Florida Ave

  • 0.56 miles

  • Public Charter Grades PK-5

school-card-donut-1163778
2
/10

  • Spook Hill Elementary School

  • 321 Dr J A Wiltshire Ave E

  • 0.57 miles

  • Public District Grades PK-5

school-card-donut-1163779
2
/10

  • Polk Avenue Elementary School

  • 110 E Polk Ave

  • 0.98 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. Most Lake Wales, FL residents have annual incomes less than $35k. Typical family type is 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›325 Dorsett Ave Unit A & B

This home is located at 325 Dorsett Ave Unit A & B in Lake Wales, FL and zip code 33853. This 1,420 square foot home, which was built in 1961, sits on a 0.14 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 28, 2024 and is currently priced at $194,900.

Lake Wales, FL housing market in November 2024 saw over 3 listings sold above listed price, more than 18 sold at listed price and over 21 sold below. The number of homes for sale in Lake Wales, FL increased by 9.4% between October 2024 and November 2024. While the average time on the market in November 2024 was 76 days, the median list price was $273,204.

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

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