$399,950

Lake Wales, FL 33853

Estimated payment $2,363/month

8 Beds
4 Baths
2,668 Sq Ft
$150 Price per Sq Ft

Highlights

  • No HOA
  • Balcony
  • Dogs and Cats Allowed
  • Kruse Elementary School Rated A-
  • Ceiling Fan
  • Heating Available

About This Home

Introducing 224 C street in the tranquil, fast growing city of Lake Wales. This 4-plex offers a steady and reliable source of income, complete with existing tenants. Each of these 2 bedroom one bath units have been recently COMPLETELY REMODELED. Investors will appreciate the immediate cash flow and associated peace of mind. The building offers low maintenance vinyl siding and ALL TENANTS PAY THEIR OWN UTILITIES. A NEW ROOF RATED AT 160 MPH was installed in March, 2024. Each unit rents from $ 1000 to $ 1200/month. So whether you are an experienced investor looking to expand your portfolio or a novice seeking a rliable investment, this property is a testament to the wisdom of real estate ownership in Lake Wales. Also, this property is an excellent addition to any 1031 exchange package. Don't miss this opportunity. Listiing broker has a financial interest in this listing.

Listing Agent

Tom Novack

HOSANNA REAL ESTATE SERVICES Brokerage Phone: 863-698-7868 License #3245341 Listed on: 11/19/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,065

Year Built

  • Built in 1947

Lot Details

  • 6,384 Sq Ft Lot
  • Lot Dimensions are 48 x 133

Home Design

  • Quadruplex
  • Bi-Level Home
  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,668 Sq Ft Home
  • Ceiling Fan
  • Range with Range Hood

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Balcony

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 27-29-35-879000-003142`

Community Details

Overview

  • No Home Owners Association
  • 2,844 Sq Ft Building
  • Lake Wales Land Co Sub Subdivision

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,065

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Construction Materials: Vinyl Siding, Frame
  • Fireplace: No
  • Living Area: 2668
  • Lot Size Acres: 0.15
  • New Construction: No
  • Year Built: 1947
  • Building Area Total: 2844
  • Lot Size Sq Ft: 6384
  • Number Of Lots: 1
  • Tenant Pays: Electricity, Sewer, Trash Collection, Water
  • Status: Active
  • Ownership: Fee Simple
  • Building Area Total Srch Sq M: 264.22
  • Escrow State: FL
  • RATIO Current Price By Calculate: 149.91
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 0
  • MFR_DockYN: 0
  • Attribution Contact: 863-698-7868
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Ceiling Fans(s)
  • Appliances Included: Range, Range Hood, Refrigerator
  • Foundation Details: Pillar/Post/Pier
  • Total Bedrooms: 8
  • Levels: Two
  • Living Area Meters: 247.87

Exterior Features

  • Exterior Features: Balcony
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Concrete
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Wall/Window Unit(s)
  • 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

  • Parcel Number: 27-29-35-879000-003142`
  • Additional Parcels: No
  • Lot Dimensions: 48 X 133
  • Flood Zone Code: X

Rental Info

  • Pets Allowed: Cats OK, Dogs OK

Multi Family

  • Number Of Units Total: 4
  • Total Num Buildings: 1
  • Unit Count: 1

Tax Info

  • Tax Annual Amount: 3064.65
  • Tax Book Number: UNKNOWN

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $3,065 $403,920 $6,200 $41,539
2024 $3,169 $56,786 -- --
2023 $3,169 $51,624 $0 $0
2022 $1,170 $46,931 $5,000 $41,931
2021 $1,109 $41,584 $5,000 $36,584
2020 $1,754 $73,650 $5,000 $68,650
2018 $1,284 $48,028 $5,000 $43,028
2017 $1,288 $48,418 $0 $0
2016 $1,278 $46,607 $0 $0
2015 $949 $43,839 $0 $0
2014 $1,036 $47,337 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2025 11/19/25 For Sale $399,950 -- $150 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,428 None Listed On Document
Warranty Deed $1,428 None Listed On Document
Warranty Deed $310,000 Attorney
Warranty Deed $79,900 Giannell Title Llc
Deed $89,900 Stonebridge Title Group Llc
Warranty Deed $51,000 Giannell Title Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $346,500 Construction
Source: Public Records

Source: Stellar MLS

MLS Number: L4957393

Stellar MLS

APN: 27-29-35-879000-003142

Florida Polk County Lake Wales

33853

For Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

Nearby Homes
Listing Agent
Tom Novack
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HOSANNA REAL ESTATE SERVICES
(863) 431-1095