$850,000

434 E Tillman Ave Lake Wales, FL 33853

Estimated payment $4,710/month

Total Views 16
12 Beds
7 Baths
4,466 Sq Ft
$190 Price per Sq Ft

Highlights

  • Solid Surface Countertops
  • No HOA
  • Outdoor Storage
  • Kruse Elementary School Rated A-
  • Solid Wood Cabinet
  • 4-minute walk to Lake Wailes Park

About This Home

Discover an outstanding investment opportunity in the heart of Lake Wales! This 7-unit multifamily property offers strong rental income, solid occupancy, and multiple recent upgrades that make it a turnkey addition to your portfolio. The property features five 2-bed/1-bath units and two 1-bed/1-bath units, providing a versatile mix ideal for long-term tenants. Several major improvements have already been completed, including new roofs and some newer A/C systems, giving peace of mind and reducing upcoming maintenance costs. One of the standout benefits of this property is the large onsite storage area, offering excellent potential for expansion or value-add opportunities. Whether you’re looking to increase income with additional storage rentals or reconfigure the space for future improvements, the options are there. Located close to schools, shopping, dining, and major roadways, tenants enjoy convenience and strong accessibility—helping keep occupancy consistently high. Investor Highlights:
• 7 rental units (5× 2/1 + 2× 1/1)
• New roofs & some newer A/C units
• Strong existing cash flow
• High occupancy history
• Expansion potential for storage area
• Centrally located with steady rental demand This is the kind of multifamily property that rarely hits the market—stable, improved, and packed with upside. Don’t miss your chance to secure a high-performing asset in one of Central Florida’s growing markets!

Listing Agent

David Fleming

BHHS FLORIDA PROPERTIES GROUP Brokerage Phone: 863-701-2350 License #3525300 Listed on: 12/08/2025

BHHS FLORIDA PROPERTIES GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,028

Year Built

  • Built in 1920

Parking

  • 1 Carport Space

Home Design

  • Bi-Level Home
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 4,466 Sq Ft Home
  • Ceiling Fan

Kitchen

  • Solid Surface Countertops
  • Solid Wood Cabinet

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 7 Bathrooms

Utilities

  • Central Air
  • Heating Available
  • Phone Available
  • Cable TV Available

Additional Features

  • Outdoor Storage
  • 0.26 Acre Lot

Listing and Financial Details

  • Legal Lot and Block 4 / 42
  • Assessor Parcel Number 27-30-01-883000-042040

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 7 Units
  • Lake Wales Subdivision

Building Details

  • Gross Income $102,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,028

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Construction Materials: Vinyl Siding, Frame
  • Fireplace: No
  • Living Area: 4466
  • Lot Size Acres: 0.26
  • New Construction: No
  • Year Built: 1920
  • Lease Term: Twelve Months
  • Lot Size Sq Ft: 11234
  • Tenant Pays: Electricity
  • Status: Active
  • Street Direction: E
  • Ownership: Fee Simple
  • Escrow City: Lakeland
  • Escrow State: FL
  • Escrow Street Name: Florida Ave. S.
  • RATIO Current Price By Calculate: 190.33
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 0
  • Attribution Contact: 863-701-2350
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Ceiling Fans(s), Solid Surface Counters, Solid Wood Cabinets
  • Foundation Details: Slab
  • Total Bedrooms: 12
  • Levels: Two
  • Other Equipment: None
  • Living Area Meters: 414.90

Exterior Features

  • Exterior Features: None, Storage
  • Roof: Membrane, Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Panel: 12105C0565H

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Phone Available
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: None
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: R-2
  • Parcel Number: 27-30-01-883000-042040
  • Additional Parcels: No
  • Flood Zone Code: X

Rental Info

  • Total Actual Rent: 8500
  • Terms Of Lease: Other

Multi Family

  • Gross Income: 102000
  • Number Of Units Total: 7
  • Total Num Buildings: 3
  • Unit Count: 2

Tax Info

  • Tax Annual Amount: 3028
  • Tax Block: 42
  • Tax Book Number: 1-88A
  • Tax Lot: 4

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2025 12/08/25 For Sale $850,000 -- $190 / Sq Ft
Source: Stellar MLS

Source: Stellar MLS

MLS Number: L4957773

Stellar MLS

APN: 273001883000042040