114 E Northside Dr Lake Wales, FL 33853
Estimated payment $12,945/month
Highlights
- Access To Lake
- Lake View
- Central Heating and Cooling System
- Kruse Elementary School Rated A-
- No HOA
About This Home
SELLER FINANCING AVAILABLE. North Oak 19-Unit Portfolio, a rare multifamily investment opportunity spread across three properties in Polk County, Florida.
The North Oak portfolio includes:
Northside Apartments: 114 E Northside, 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 118 Oak Crest Dr NW, 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 140 Ave W NW, 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.
Listing Agent
FLORIDA REALTY INVESTMENTS Brokerage Phone: 407-207-2220 License #3470017 Listed on: 12/09/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,999
Year Built
- Built in 1964
Lot Details
- 0.3 Acre Lot
- Lot Dimensions are 50x173
- Additional Parcels
Home Design
- Slab Foundation
- Frame Construction
- Shingle Roof
- Concrete Siding
Interior Spaces
- 11,937 Sq Ft Home
- Lake Views
Bedrooms and Bathrooms
- 32 Bedrooms
- 19 Bathrooms
Outdoor Features
- Access To Lake
Utilities
- Central Heating and Cooling System
- Septic Tank
Community Details
- No Home Owners Association
- 7 Buildings
- 19 Units
- Northside Heights Subdivision
Listing and Financial Details
- Legal Lot and Block 20 / A
- Assessor Parcel Number 27-29-34-875300-001200
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,999 | $403,920 | $9,300 | $208,998 |
| 2024 | $6,205 | $375,552 | $9,300 | $206,840 |
| 2023 | $6,205 | $352,080 | $9,000 | $343,080 |
| 2022 | $4,322 | $214,338 | $7,500 | $206,838 |
| 2021 | $2,497 | $71,598 | $7,500 | $64,098 |
| 2020 | $2,663 | $88,014 | $5,000 | $83,014 |
| 2018 | $2,617 | $90,674 | $5,000 | $85,674 |
| 2017 | $2,560 | $87,314 | $0 | $0 |
| 2016 | $1,527 | $22,390 | $0 | $0 |
| 2015 | $321 | $21,210 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/09/2025 12/09/25 | For Sale | $2,350,000 | +499.5% | $197 / Sq Ft | |
| 12/05/2022 12/05/22 | Sold | $392,000 | -6.7% | $157 / Sq Ft | View Prior Sale |
| 11/16/2022 11/16/22 | Pending | -- | -- | -- | |
| 09/02/2022 09/02/22 | Price Changed | $420,000 | -1.2% | $168 / Sq Ft | |
| 08/15/2022 08/15/22 | For Sale | $425,000 | +8.4% | $170 / Sq Ft | |
| 07/12/2022 07/12/22 | Off Market | $392,000 | -- | -- | |
| 07/12/2022 07/12/22 | Pending | -- | -- | -- | |
| 07/12/2022 07/12/22 | For Sale | $405,000 | -- | $162 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $100 | None Listed On Document | |
| Quit Claim Deed | $100 | None Listed On Document | |
| Quit Claim Deed | $100 | None Listed On Document | |
| Quit Claim Deed | $100 | None Listed On Document | |
| Warranty Deed | $784,000 | Commercial Solution Title | |
| Warranty Deed | $245,000 | Advantage Title Services | |
| Warranty Deed | $245,000 | Advantage Title Services | |
| Warranty Deed | $105,000 | Royalty Title Llc | |
| Quit Claim Deed | -- | None Available | |
| Special Warranty Deed | -- | Bayview Title Services Inc | |
| Trustee Deed | $38,100 | Attorney | |
| Deed | -- | None Available | |
| Warranty Deed | $250,000 | Companion Title Services Llc | |
| Warranty Deed | $100,000 | Advantage Title Services Inc | |
| Warranty Deed | $77,000 | -- | |
| Warranty Deed | $17,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $335,000 | Purchase Money Mortgage | |
| Previous Owner | $78,700 | New Conventional | |
| Previous Owner | $250,000 | Commercial | |
| Previous Owner | $66,852 | Commercial | |
| Previous Owner | $37,150 | FHA |
Source: Stellar MLS
MLS Number: TB8455056
APN: 27-29-34-875300-001200
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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