UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,264 sqft
Price per Sqft $152
Subdivision Indian Lake Estates Unit 10
MLS Listing ID K4903026
Bedrooms 4
Construction Status Completed
HOA Fees $347/ann
HOA Y/N Yes
Annual Recurring Fee 347.0
Year Built 1959
Annual Tax Amount $4,432
Lot Size 0.440 Acres
Acres 0.44
Property Sub-Type Quadruplex
Source Stellar MLS
Property Description
Discover this solidly built, income-producing fourplex, ideally positioned just off Hwy 60 in a peaceful rural setting with close proximity to popular recreational destinations like The Resort at Canopy Oaks, River Ranch Resort by Westgate, Guy Harvey's Camp Mack Resort, and Vero Beach just a short drive east!
This multifamily property features two concrete block buildings with shingle roofs, offering a total of four spacious 1-bedroom, 1-bathroom units—each over 800 sq. ft. With thoughtful upgrades and solid infrastructure, this property is both low-maintenance and tenant-friendly.
Property Highlights Include:
• Solid Construction: Two buildings built in 1959 with roofs replaced approx. 4 years ago.
• Tenant-Paid Electricity: Each unit is sub-metered for electric, reducing owner expenses.
• City Water + Renovated Septic: public water (landlord paid) and a recently upgraded septic system.
• Spacious Layouts: Each unit includes a well-maintained kitchen and bathroom, living room and large bedroom.
• Shared Laundry Room: for added convenience.
• Bonus RV Hook-Up: Water and sewer connection available for an RV—perfect for extra income or guest use.
Whether you're a first-time investor or expanding your portfolio, this property qualifies for residential financing, making it a rare attainable investment opportunity.
Enjoy nearby lake access at Lake Walk-in-Water with beach and fishing pier, or tee off at the local golf course—this property combines income potential with a sought-after lifestyle setting!
Location
State FL
County Polk
Community Indian Lake Estates Unit 10
Area 33855 - Indian Lake Estates/Lake Wales
Interior
Interior Features Ceiling Fans(s)
Heating Ductless
Cooling Ductless, Wall/Window Unit(s)
Fireplace false
Appliance Range, Refrigerator
Laundry Laundry Room
Exterior
Exterior Feature Outbuildings, Lighting, Other, Storage
Community Features Clubhouse, Fitness Center, Golf Carts OK, Golf, Park, Restaurant, Tennis Court(s)
Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Water Connected
Water Access Yes
Water Access Desc Lake
Roof Type Shingle
Garage false
Private Pool No
Building
Lot Description Near Golf Course, Near Marina
Entry Level Two
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Septic Tank
Water Public
Structure Type Concrete
New Construction false
Construction Status Completed
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Monthly Total Fees $28
Acceptable Financing Cash, Conventional
Membership Fee Required Required
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/K4903026
