434 E Tillman Ave Lake Wales, FL 33853
Estimated payment $4,710/month
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
BHHS FLORIDA PROPERTIES GROUP Brokerage Phone: 863-701-2350 License #3525300 Listed on: 12/08/2025
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
Map
Home Values in the Area
Average Home Value in this Area
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
MLS Number: L4957773
APN: 273001883000042040
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