Historic Multifamily Building

Nestled in Lake Wales, Florida, this property offers residents access to a community rich in history and culture. With a population of approximately 16,455 and a median age of 43.1, Lake Wales provides a welcoming environment for a diverse tenant base. The area features a variety of local amenities, including shopping centers, parks, and recreational facilities, enhancing the appeal of this investment opportunity.Lee & Associates presents an exceptional investment opportunity at 428 E Johnson Ave, Lake Wales, FL 33853. This historic two-story multifamily property, constructed in 1928, spans 4,408 square feet and is situated on a generous 0.52-acre lot. The building comprises six units, each featuring one bedroom and one bathroom, offering a total of six bedrooms and six bathrooms. Recent renovations have been initiated, providing a solid foundation for further enhancements to maximize rental income potential. ​ Located in the heart of Lake Wales, this property benefits from its proximity to local amenities and attractions. The area boasts a diverse demographic, with a population of approximately 16,455 residents and a median age of 43.1 years. The community offers a blend of cultural and recreational activities, making it an attractive location for potential tenants.