Harshad Phadke
REALTOR®
BEDS2
BATHS
SQUARE FEET1,652
MLS#L4957271
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONLAKE WALES
Property Description
High-Yield Turnkey Triplex with 2024 Upgrades! Investors, seize this rare income-producing asset generating $3,000 in gross monthly revenue with an exceptionally low expense profile. Situated on a spacious 0.31-acre lot, this property offers the perfect blend of density and privacy across two solid brick residential buildings. Major 2024 Capital Upgrade: A Brand New Roof was installed across the property in 2024, providing years of worry-free ownership. Both primary buildings are equipped with Central AC to ensure maximum tenant comfort and retention. The Layout:425 E Sessoms Ave: A standalone 1-bedroom, 1-bathroom cottage (685 sq ft) featuring a private 90 sq ft finished screened porch and a classic fireplace. 427 E Sessoms Ave (Front): A private 1-bedroom, 1-bathroom suite with its own dedicated front entrance and porch. 427 E Sessoms Ave (Rear): A secluded private studio with a separate side/rear entrance for ultimate tenant privacy. Bonus Value: A detached large storage building at the rear includes an on-site laundry room, a high-demand amenity that adds significant utility. Built with common brick exterior walls, this property is designed for low-maintenance, long-term performance. With an annual gross income of $36,000 and minimal overhead, this Cash Cow is ready for Day 1 operations. Schedule your showing today!
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.31 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $2,877
Year Built: 1937
Amenities
Ceiling Fans(s)
Other
Outbuildings
Other
Feature Descriptions
Accessibility Features: Accessible Bedroom, Accessible Closets
Annual Net Income: 34200.00
Appliances: Range, Refrigerator
Days on Site: 122
Directions: Hwy 60 to 1st St. Turn north on 1st St, then right onto E Sessoms Ave. Property will be on your left.
Exterior: Block, Stucco
Flood Zone Code: X
Flooring: Laminate, Luxury Vinyl, Tile
Foundation: Slab
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional
Lot Dimensions: 0.31
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: Appointment Only
Special Sale Provisions: None
Units: 3
Utilities: Cable Connected, Electricity Connected
Water: Public
Water Access Y/N: No
Zoning: R-2
Listed By / Shown By
Listed By
Agency Name: BHHS FLORIDA PROPERTIES GROUP
Agency Contact: 863-701-2350
Shown By
Agent Name: Harshad Phadke
Agent Phone: (347) 393-1729
Agency Title: RealtyMark
Estimate Your Payment
Estimated Payment
$ 1,120.53 per month $778.73 Principal & Interest $239.75 Property Tax $102.05 Homeowner's InsuranceChange Payment Information
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425 E Sessoms Avenue | MLS# L4957271
This multi-family property located at 425 E Sessoms Avenue, Lake Wales, FL 33853 is currently listed for sale with an asking price of $349,900. Search Lake Wales real estate on harshadphadke.realtymark.net today.