Sold
Listing Courtesy of: 
STELLAR as distributed by MLS GRID / BHHS Florida Properties Group - Contact: 863-701-2350
STELLAR as distributed by MLS GRID / BHHS Florida Properties Group - Contact: 863-701-2350 434 E Tillman Avenue Lake Wales, FL 33853
Sold on 03/13/2026
$780,000 (USD)
Description
Sold Date:
03/13/2026
03/13/2026
Taxes
$3,028(2024)
$3,028(2024)
Lot Size
0.26 acres
0.26 acres
Type
Multifamily
Multifamily
Year Built
1920
1920
County
Polk County
Polk County
Listed By
Wes Fleming, BHHS Florida Properties Group, Contact: 863-701-2350
Bought with
Tina Turner, Coldwell Banker (hammock)
Tina Turner, Coldwell Banker (hammock)
Source
STELLAR
Last checked Apr 4 2026 at 10:30 AM EDT
STELLAR
Last checked Apr 4 2026 at 10:30 AM EDT
Bathroom Details
Interior Features
- Solid Wood Cabinets
- Solid Surface Counters
- Ceiling Fans(s)
Subdivision
- Lake Wales
Property Features
- Foundation: Slab
Heating and Cooling
- Electric
- Central Air
Exterior Features
- Frame
- Vinyl Siding
- Roof: Shingle
- Roof: Membrane
Utility Information
- Utilities: Cable Connected, Water Source: Public, Electricity Connected, Phone Available
- Sewer: Public Sewer
Living Area
- 4,466 sqft
Listing Price History
Date
Event
Price
% Change
$ (+/-)
Jan 15, 2026
Price Changed
$825,000
-3%
-$25,000
Dec 08, 2025
Listed
$850,000
-
-
Additional Information: BHHS Florida Properties Group | 863-701-2350
Disclaimer: Listings Courtesy of “My Florida Regional MLS DBA Stellar MLS © 2026. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any other purpose other than to identify properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Last Updated: 4/4/26 03:30
Based on information submitted to the MLS GRID as of 4/4/2026 06:30. 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.
An outstanding investment opportunity just got even better in the heart of Lake Wales. The seller has lowered the price by $25,000, creating a compelling value for investors seeking strong cash flow and long-term upside.
This 7-unit multifamily property offers solid rental income, strong occupancy, and multiple recent upgrades—making it a true turnkey addition to any portfolio. The unit mix includes five 2-bed/1-bath units and two 1-bed/1-bath units, a proven combination for stable, long-term tenancy.
Major improvements have already been completed, including new roofs and some newer A/C systems, helping reduce future capital expenses and enhance operational efficiency.
A standout feature is the large onsite storage area, presenting excellent value-add or expansion potential. Whether converted into income-producing storage units or reconfigured for future improvements, this space offers flexibility and upside.
Ideally located near schools, shopping, dining, and major roadways, the property benefits from strong tenant demand and consistent occupancy.
Investor Highlights
• Price reduced $25,000
• 7 units (5× 2/1 + 2× 1/1)
• New roofs & newer A/C systems
• Strong existing cash flow
• High occupancy history
• Expansion or storage income potential
• Central Lake Wales location
With pricing improved and upside still intact, this is a rare opportunity to acquire a stabilized multifamily asset with room to grow. Bring your offers—this one is ready to move.