9035 Temple Drive, Lake Wales, FL 33898

Local realty services provided by:ERA American Suncoast
9035 Temple Drive,Lake Wales, FL 33898
$254,000
Virtual Tour
  • - Beds
  • - Baths
  • 1,652 sq. ft.
  • Multi-family
  • Active
Listed by: tania bobe
Office: lpt realty, llc.
MLS#:P4937132
Source:MFRMLS

Price summary

  • Price:$254,000
  • Price per sq. ft.:$153.75

About this home

Nearly A 10% CAP RATE! Canal Front Multifamily Property Consisting Of 2 Single Wide Mobile Homes and 1 CBC Apartment Offering LOW OPERATING EXPENSES And VALUE-ADD OPPORTUNITY Located Just 3 Blocks From Lake Walk In Water’s Public Boat Ramp In Eastern Lake Wales, Florida. Current Income: $2,075/Month and $24,900/Year Potential Gross Income: $2,675/Month and $32,100.00/Year The 3 residences sit on a well kept, 0.54 acre lot zoned R-3 with 198+\-ft of canal frontage with direct access to Lake Walk-In Water. Unit A (OCCUPIED): 2BR/1BA, 1978, 728 sqft single wide mobile home at $900/month. Unit B (VACANT- VALUE-ADD): 1BR/1BA 1975 , 485 sq ft concrete block apartment featuring a kitchenette and its own private dock. The vacant unit allows for new owner to place a tenant for immediate income or possible renovations and upgrades for increased rent. Previously rented for $600/month. Unit C (OCCUPIED): Updated and spacious 1989, 924 sq ft 3BR/2BA single wide mobile home generating

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Home facts

  • Year built:1989
  • Listing ID #:P4937132
  • Added:3 day(s) ago
  • Updated:November 28, 2025 at 01:12 PM

Rooms and interior

  • Living area:1,652 sq. ft.

Heating and cooling

  • Cooling:Wall/Window Unit(s)
  • Heating:Ductless

Structure and exterior

  • Roof:Metal
  • Year built:1989
  • Building area:1,652 sq. ft.
  • Lot area:0.54 Acres

Utilities

  • Water:Well

Finances and disclosures

  • Price:$254,000
  • Price per sq. ft.:$153.75
  • Tax amount:$2,780 (2024)
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