1021 Cohassett Ave - Multi-Family FOR SALE


Lake Wales, FL 33853
$397,000 USD
863-206-8278
1021 Cohassett Ave, Lake Wales, FL for Sale
$397,000 USD
Multi-Family - FOR SALE
1/5
null | Request Cap Rate

1021 Cohassett Ave
Lake Wales, FL 33853


HIGHLIGHTS

  • Triplex unit and separate cottage with income
  • Strong and Stable Tenant base with potential for rent increases
  • Premium location just off of State Road 60
  • Just minutes from US 27
  • Surrounded by numerous medical and retail providers

OVERVIEW

This multifamily investment property is strategically located in Lake Wales just off State Road 60, a major east-west corridor connecting Lake Wales to Lakeland and the broader Polk County market. Just minutes from US Highway 27, the property offers convenient access to Lakeland as well as northbound routes to Davenport, Interstate 4, Celebration, and Kissimmee. Surrounded by numerous medical and retail providers, this asset benefits from a highly accessible location within one of Central Florida’s growing markets. The property consists of a triplex and a separate detached cottage, providing four income-producing rental units with a strong and stable tenant base and potential for future rent increases. Current rental income includes: 3-Bedroom Unit – $1,200/month 2-Bedroom Unit – $850/month 1-Bedroom Unit – $850/month Detached Cottage – $850/month All tenants are responsible for their own electric and water utilities, helping to minimize owner operating expenses. With stable in-place income, upside potential through rental growth, and excellent connectivity to major employment centers and transportation corridors, this property presents an attractive investment opportunity in the Lake Wales market.

FOR SALE DETAILS

PRICE

$397,000 USD

PRICE/SF

$153 USD /SF

# OF UNITS

4

PRICE/UNIT

$99,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lake Wales Multifamily Investment Property

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-1B Residential

APN/PARCEL ID

27-30-12-921000-004080

ASK ABOUT THIS PROPERTY

David ReyesThe Reyes GroupMore Info
863-206-8278

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David ReyesThe Reyes GroupMore Info
863-206-8278

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.