130 E Northside DR, Lake Wales, FL 33853
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Peter Giannikopoulos

Peter Giannikopoulos

+1(786) 988-4108
$ 255,000
Est. payment | /mo

1,455 SqFt

Save Virtual Tour
$ 255,000
Est. payment | /mo
Save Virtual Tour

1,455 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,455 sqft

Price per Sqft $175

Subdivision Northside Heights

MLS Listing ID R11150451

HOA Y/N No

Year Built 1938

Annual Tax Amount $3,631

Tax Year 2025

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type Duplex

Property Description

This lakefront multi-family property in the heart of Lake Wales presents a rare opportunity for both savvy investors and future owner-occupants alike. Delivering an impressive ~about 8% cap rate with an all-cash purchase—and closer to about a 9% cap with just 20% down at today's prevailing rates—this is a strong income-producing asset with immediate upside. Even more compelling, for those looking to live in one unit, the numbers make ownership more affordable than renting, while the second unit helps offset your mortgage. 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 offering a $10,000 concession with a full-price offer

Location

State FL

County Polk

Community Northside Heights

Area 5940 Florida Other

Interior

Heating Central, Electric

Cooling Central Air

Flooring Hardwood, Wood

Exterior

Exterior Feature Patio

Pool None

Utilities Available Electricity Available, Natural Gas Available

View Y/N Yes

View Lake, Other, Water

Roof Type Other

Porch Patio

Private Pool No

Building

Lot Description <1 Acre, < 1/4 Acre

Story 1

Level or Stories One

Structure Type Other

Schools

Elementary Schools Lakeside

Middle Schools Lake Worth Community Middle

High Schools Lake Worth

Others

Senior Community No

Restrictions No Restrictions

Tax ID 342927875300001120

Acceptable Financing Cash, Conventional, FHA 203(k), FHA, VA Loan

Listing Terms Cash, Conventional, FHA 203(k), FHA, VA Loan

Virtual Tour https://www.propertypanorama.com/130-E-Northside-Drive-Lake-Wales-FL-33853/unbranded

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Simon Gray Realty LLC

Nearby Locations

Peter Giannikopoulos

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(786) 988-4108

peter@giannikopoulosgroup.com

5555 Biscayne Blvd # 302, Miami, Florida, 33137, United States

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Douglas Elliman, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

130 E Northside DR