425 Sessoms Avenue, LAKE WALES, FL 33853
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  • MLS#: L4957271 ( Residential Income )
  • Street Address: 425 Sessoms Avenue
  • Viewed: 93
  • Price: $365,000
  • Price sqft: $228
  • Waterfront: No
  • Year Built: 1937
  • Bldg sqft: 1600
  • Bedrooms: 2
  • Total Baths: 3
  • Days On Market: 45
  • Additional Information
  • Geolocation: 27.9056 / -81.5826
  • County: POLK
  • City: LAKE WALES
  • Zipcode: 33853
  • Subdivision: Lake Wales
  • Provided by: BHHS FLORIDA PROPERTIES GROUP
  • Contact: Wes Fleming
  • 863-701-2350
  • mfrmls
  • DMCA Notice
  • Description
    Welcome to 425 E Sessoms Ave in Lake Wales a turnkey income producing triplex with major capital improvements already completed. This property includes two 1BR/1BA units and one studio apartment, each with private entrances and consistent rental demand. Investors will appreciate the new roof and new A/C units, offering reduced CapEx for years to come and stronger cash flow stability. With three rentable units under one structure, this triplex supports multiple income strategies: long term tenants, traveling professionals, or an owner occupant looking to house hack. The two 1 bedroom units offer functional layouts with easy value add potential, while the studio provides an additional revenue stream with strong occupancy potential. Located minutes from downtown Lake Wales, Lake Wailes Park, shopping, dining, medical centers, and major employment hubs, this property sits in a high demand rental corridor. Key Highlights: Triplex: (2) 1BR/1BA units + (1) Studio New Roof + New A/C Units = Reduced long term maintenance Multiple income streams under one roof Separate entrances & flexible rental configurations Strong rental demand close to downtown and amenities Whether youre expanding your rental portfolio or looking to offset your mortgage with rental income, this property delivers flexibility, stability, and reliable returns. Schedule your showing today.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Other, Rain Gutters
  • Flooring: Laminate, Luxury Vinyl
  • Living Area: 685.00
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Other
  • Sewer: Other
  • Utilities: Cable Connected, Electricity Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Electricity
Other Features
  • Appliances: Refrigerator
  • Country: US
  • Interior Features: Ceiling Fans(s), Other
  • Legal Description: LAKE WALES PB 1 PG 88A 88B S1&2 T30 R27 BLK 18 LOT 10
  • Levels: One
  • Area Major: 33853 - Lake Wales South
  • Occupant Type: Tenant
  • Parcel Number: 27-30-01-883000-018100
  • Possession: Close Of Escrow
  • Views: 93
  • Zoning Code: R-2
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