116 E NORTHSIDE DR Lake Wales, FL 33853
UPDATED:
01/09/2025 04:28 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,448 sqft
Price per Sqft $1,062
Subdivision Northside Heights
MLS Listing ID TB8336412
Bedrooms 32
HOA Y/N No
Originating Board Stellar MLS
Year Built 1964
Annual Tax Amount $6,204
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 50x199
Property Description
The North Oak portfolio includes:
Northside Apartments (Lake Wales, FL): Built in 1964, this eight-unit property consists of four concrete block duplexes with pitched shingle roofs. Each unit features a 2-bedroom, 1-bathroom configuration. The property has been fully renovated in the past two years, with both electricity and water sub-metered, allowing tenants to pay for their own utilities. Trash services are included in the property taxes, keeping operational costs low. The roofs are in good condition, contributing to the property's low-maintenance appeal.
Oakcrest Apartments (Winter Haven, FL): Constructed in 1984, this eight-unit property comprises two fourplex buildings. The unit mix includes two 2-bedroom, 1-bathroom units and six 1-bedroom, 1-bathroom units, all built with a wood-frame construction and featuring pitched shingle roofs. The electricity is sub-metered, with tenants responsible for their electric bills, while water is provided by the city and paid for by the landlord. The property uses a septic tank system, also maintained by the landlord.
Haven Apartments (Winter Haven, FL): Built in 1974, this three-unit property offers all 2-bedroom, 1-bathroom units constructed from concrete block with pitched shingle roofs. Both water and electricity are sub-metered, and the property benefits from a central AC system. Sewer and water services are provided by the city.
With a total of 19 units, a mix of both 1-bedroom and 2-bedroom apartments, and well-maintained utility systems, the North Oak portfolio represents a stable, high-potential opportunity for multifamily investors looking to capitalize on the rental demand in Polk County's growing markets.
Location
State FL
County Polk
Community Northside Heights
Zoning R-3
Interior
Interior Features Thermostat
Heating Central
Cooling Central Air
Fireplace false
Laundry None
Exterior
Exterior Feature Lighting
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Public Sewer, Septic Tank
Water Public
Structure Type Concrete,Wood Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
