1854 S Highland Park Dr
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1854 S Highland Park Dr
6 Unit Block of Flats £685,309 (£114,218/Unit) 6.40% Net Initial Yield Lake Wales, FL 33898
Investment Highlights
- Lakefront in the quaint Village of Highland Park
Executive Summary
Price Adjustment!! Unique opportunity to own a true LAKEFRONT 6 unit income property! With 100 feet of frontage on Lake Easy and a large one acre lot, this 4660+ square foot Multi-Family property has something to offer for everyone. Located in the quaint village of Highland Park, this location features a community park, walkable streets for afternoon or morning strolls, old growth and mature landscaping everywhere with that nostalgic feeling of a true neighborhood. Access to Lake Easy provides both fishing and recreation with its sandy bottom and panoramic views. This one-of-a-kind property is a must see to appreciate. All units have leases in place with a total monthly income generating approx. $6870. There are two 2 bedroom/2 bath downstairs units, both lakefront; two upstairs 1 bedroom/1 bath units, both lakefront; and 2 studio units, with no lakefront views. Most units have been recently updated, with 2 units ready to be refreshed when there is a tenant turnover (which is rare!)
Property Facts
| Price | £685,309 | Apartment Style | Low Rise |
| Price Per Unit | £114,218 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.99 AC |
| Net Initial Yield | 6.40% | Building Size | 4,264 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built | 1923 |
| Price | £685,309 |
| Price Per Unit | £114,218 |
| Sale Type | Investment |
| Net Initial Yield | 6.40% |
| No. Units | 6 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.99 AC |
| Building Size | 4,264 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1923 |
Unit Amenities
- Air Conditioning
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Waterfront
- Lake Access
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+2 | 2 | - | - |
| Studios | 2 | - | - |
zoning
| Zoning Code | R-2 (Residential Low) |
| R-2 (Residential Low) |
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1854 S Highland Park Dr
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