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(954) 789-3186 Helena.Grossberg@outlook.com
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(954) 789-3186
Helena.Grossberg@outlook.com
MLS# A11919610 - 9035 Temple Drive Lake Wales, FL 33898
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 $1,175/month. Landlord pays taxes and insurance. This stabilized multifamily property offers investors an exceptional cap rate, low operational expenses, canal frontage with direct access to Lake Walk-In-Water, value appreciation and value-add opportunity with a new tenant for immediate income and renovation potential for increase rent. Call to schedule an appointment. SELLER WILL CONSIDER SELLER FINANCE ALSO!

LPT Realty, LLC is the brokerage office representing the owner for this listing.
© Copyright 2025 Miami Multiple Listing Service All Rights Reserved. The data relating to real estate for sale on this website comes in part from the participating Associations of the Miami Multiple Listing Service. The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Multiple Listing Service, Inc. real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
The MLS data provided for the property above is provided courtesy of AfterNorth and Miami Association of REALTORS® The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This website is a service of ALM Realty & Services, Inc., a broker participant of the Miami Association of REALTORS®. ALM Realty & Services, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. MiamiRE data last updated at 11/25/2025 8:44:00 PM.

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 $1,175/month. Landlord pays taxes and insurance. This stabilized multifamily property offers investors an exceptional cap rate, low operational expenses, canal frontage with direct access to Lake Walk-In-Water, value appreciation and value-add opportunity with a new tenant for immediate income and renovation potential for increase rent. Call to schedule an appointment. SELLER WILL CONSIDER SELLER FINANCE ALSO!

LPT Realty, LLC is the brokerage office representing the owner for this listing.
© Copyright 2025 Miami Multiple Listing Service All Rights Reserved. The data relating to real estate for sale on this website comes in part from the participating Associations of the Miami Multiple Listing Service. The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Multiple Listing Service, Inc. real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
The MLS data provided for the property above is provided courtesy of AfterNorth and Miami Association of REALTORS® The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This website is a service of ALM Realty & Services, Inc., a broker participant of the Miami Association of REALTORS®. ALM Realty & Services, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. MiamiRE data last updated at 11/25/2025 8:44:00 PM.