Stacey Olive
REALTOR®
BEDS4
BATHS
SQUARE FEET1,782
MLS#L4965188
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONRIDGE MANOR
Property Description
Virtually Staged. INVESTMENT OPPORTUNITY in Lake Wales! This well-constructed brick duplex presents an excellent opportunity to acquire an income-producing property with additional value-add potential. The property consists of two spacious 2-bedroom, 1-bath units, each offering an oversized driveway for ample off-street parking and access to a fenced-in backyard. The durable brick construction and solid foundation provide a strong starting point for continued ownership and improvement.Several significant updates have already been completed. Unit 648 features an AC system, water heater, and luxury vinyl plank flooring installed approximately two years ago. The property was also updated with new plumbing approximately two and a half years ago, and the septic tank and drain field were replaced approximately four and a half years ago. One unit is currently rented, while the second unit is vacant and provides an opportunity for an investor to renovate, lease, and increase overall income potential.With approximately $30,000 in potential annual rental income when fully occupied, this property offers the opportunity to combine existing rental income with future upside through strategic improvements. Located in Lake Wales, the property provides convenient access to local shopping, dining, schools, parks, and major roadways, making it a practical location for both residents and rental tenants. A solid opportunity for an investor seeking a two-unit property with established improvements and room to add value.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central, Electric
Lot Size: 0.26 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $3,414
Year Built: 1983
Amenities
Ceiling Fans(s)
Eat-in Kitchen
Living Room/Dining Room Combo
Split Bedroom
Fence
Lighting
Private Entrance
Private Mailbox
Private Yard
Rain Gutters
Sidewalk
Feature Descriptions
Annual Net Income: 28800.00
Appliances: Range, Refrigerator
Days on Site: 42
Directions: From U.S. Highway 27 in Lake Wales, head east on State Road 60. Turn south onto Scenic Highway, then turn onto Beverly Drive. Continue on Beverly Drive to the destination.
Exterior: Block, Stucco
Flood Zone Code: X
Flooring: Carpet, Concrete
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA, VA Loan
Lot: Landscaped
Lot Dimensions: 0.26
Other Equipment: Private Entrance, Private Yard
Ownership: Fee Simple
Parking: Driveway
Parking Notes: Driveway
Patio/Porch: Front Porch, Rear Porch
Pets Allowed: Yes
Pets Restrictions: All info is deemed reliable but should be verified with the county by the buyer and their agent
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Septic Tank
Showing Instructions: ShowingTime
Special Sale Provisions: None
Units: 2
Utilities: Cable Available, Electricity Available, Public
Water: Public
Water Access Y/N: No
Windows: Blinds, Window Treatments
Zoning: R-2
Listed By / Shown By
Listed By
Agency Name: KELLER WILLIAMS REALTY SMART 1
Agency Contact: 863-508-3000
Shown By
Agent Name: Stacey Olive
Agent Phone: Cell: (440) 371-9126
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 1,902.98 per month $1,538.27 Principal & Interest $284.50 Property Tax $80.21 Homeowner's InsuranceChange Payment Information
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --
Agency License Information: 1-877-539-7589 | Ohio Lic# REC.2010002888 6800 W Central Ave #B, Toledo, OH 43617 | Michigan Lic# 6505366134 8040 Summerfield Rd, Lambertville, MI 48144 | Indiana Lic# RC52400106 3029 W Smith Valley Rd #211, Greenwood, IN 46142 | West Virginia LIC# 010306 Erin Rickman, Broker. 410 Market St #3, Parkersburg, WV, 26101 | Colorado LIC# EC.100108419 603 Rood Ave, Grand Junction, CO 81501 | Nevada LIC# B.0146350.LLC 9190 Double Diamond Pwky, Reno, NV 89521 | Florida LIC# CQ1073507 16638 Mooner Plank Cir, Wimauma, FL 33598 | Illinois LIC# 481014661 640 S Washington St. Suite 212, Naperville, IL 60540
Agent License Information: Brokerage/Company License Number: REC.2010002888
646 Beverly Drive, Unit 646 and 64 | MLS# L4965188
This multi-family property located at 646 Beverly Drive, Unit 646 and 64, Lake Wales, FL 33853 is currently listed for sale with an asking price of $275,000. Search Lake Wales real estate on www.soldwithstacey.net today.