About this home
This lakefront multi-family property in the heart of Lake Wales presents a rare opportunity for both savvy investors and future owner-occupants alike Deliverina an imprecsive wabout 8% can rate with an all-cash nurchase_and closer to about a 9% cap with just 20% down at today's prevailing rates —this is compellina. for those looking to live in one unit. the numbers make ownership more affordable than rentina. while the second unit helns offset vour mortaage The property offers two well-designed 2-bedroom, 1-bath units with open-concept living, generous outdoor space, and desirable lakefront appeal with no HOA. While a new roof is needed. the seller is offerina a $10.000 concession
Listing last checked: Listing updated:
Listed by Penny Dias · Simon Gray Realty LLC · MLS #B26042757
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Details at a glance
Interior3 property facts
- Heating
- Electric
- Cooling
- Central Air
- Flooring
- Wood
Building4 property facts
- Style
- Duplex
- Year built
- 1938
- Parking
- 6
- Roof
- Shingle
Land & utilities5 property facts
- Lot size
- 0.23 acres
- Water
- Public
- Sewer
- Public Sewer
- Waterfront
- Y
- Zoning
- R3
Financial2 property facts
- Annual taxes
- $3,631
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $254,600 asking price. Adjust the assumptions to your situation.
Known monthly costs$1,590 / monthAdjust
- Principal & interest
- $1,287
- Property tax
- $303
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $3,631. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Price and status timeline
- Ter
$255,000 · Dec 31, 2025
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About 130 E Northside Drive
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