Lake Wales, FL 33853,436 E PARK AVE
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Lake Wales, FL 33853,436 E PARK AVE
Lake Wales, FL 33853,436 E PARK AVE
Lake Wales, FL 33853,436 E PARK AVE
Lake Wales, FL 33853,436 E PARK AVE

$1,568,000

Est. payment /mo

$1,700,000

7.8%
Est.Price: ?

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436 E PARK AVE Lake Wales, FL 33853

21 Beds

21 Baths

11,834 SqFt

SOLD DATE : 07/03/2023

Key Details

Sold Price $1,568,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 11,834 sqft

Price per Sqft $132

Subdivision Lake Wales

MLS Listing ID K4901954

Sold Date 07/03/23

Bedrooms 21

HOA Y/N No

Originating Board Stellar MLS

Year Built 1925

Annual Tax Amount $11,409

Lot Size 0.330 Acres

Acres 0.33

Lot Dimensions 97x150

Property Description

IT’S ALL ABOUT THE LOCATION! We are pleased to present this phenomenal investment opportunity to acquire The Court of Seven Chimneys Apartments. This unique and fully rented apartment complex comprises 21 apartments, court yard, laundry facility and a parking lot. There are 20 Studio Apts. with original hardwood flooring, coved ceilings, picture rail molding, Murphy Beds, fireplaces (nonworking), separate eat-in kitchens, closet/storage area and French doors to front & back screen rooms. A spacious loft apartment is above the rotunda entry into the court yard, it is flanked by the dual wings of the building. The Loft apartment allows for formal living area adorned with wood floor, window seats, fireplace, walk-in closet, full bath and circular stairs to an upstairs bedroom with large area, ideal for sitting area and storage. These delightful dwellings offer abundant natural light, elegant details while still serving renters and providing comfortable living quarters. This beloved 1925 building stands across from the Crystal Lake Park offering scenic views of the lake, garden paths, picnic areas and playground. Pathways lead across Lakeshore Blvd. to the city park on Lake Wailes that has paved & lighted trail circling the lake and a large covered pier to enjoy, a public boat ramp is nearby. Additionally, this in-town location is within walking/biking/scootering to the downtown Historic District, library, churches, restaurants, and shops. This multi-unit complex is ideal for Investors, Vacation Rental Operator for short-term destination retreat, long-term renters or winter residents. Seller will entertain a combined purchase with 10-unit complex just minutes away, The Grand Floridian at, 241 E Seminole Ave. ***NO OWNER FINANCING***

Location

State FL

County Polk

Community Lake Wales

Zoning C

Interior

Interior Features Cathedral Ceiling(s), Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Solid Wood Cabinets, Walk-In Closet(s), Window Treatments

Heating Wall Units / Window Unit

Cooling Wall/Window Unit(s)

Flooring Ceramic Tile, Laminate, Wood

Fireplace false

Laundry Other

Exterior

Exterior Feature Balcony, Courtyard, Lighting, Sidewalk

Parking Features Ground Level, Open

Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Street Lights, Water Connected

View Park/Greenbelt, Water

Roof Type Shingle

Garage false

Private Pool No

Building

Lot Description Historic District, City Limits, Level, Near Public Transit, Oversized Lot, Sidewalk, Street One Way, Paved

Entry Level Two

Foundation Crawlspace

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Other, Stucco

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by 1513 REALTY LLC
Bought with FUTURE HOME REALTY INC

Jeramiah Bustin

License Partner - Broker Associate

+1(813) 857-2120

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