425 E SESSOMS AVE Lake Wales, FL 33853
2 Beds
3 Baths
685 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 685 sqft
Price per Sqft $532
Subdivision Lake Wales
MLS Listing ID L4957271
Bedrooms 2
HOA Y/N No
Year Built 1937
Annual Tax Amount $2,877
Lot Size 0.310 Acres
Acres 0.31
Property Sub-Type Duplex
Source Stellar MLS
Property Description
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 you're 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.
Location
State FL
County Polk
Community Lake Wales
Area 33853 - Lake Wales South
Zoning R-2
Interior
Interior Features Ceiling Fans(s), Other
Heating Other
Cooling Central Air
Flooring Laminate, Luxury Vinyl
Fireplace false
Appliance Refrigerator
Laundry None
Exterior
Exterior Feature Other, Rain Gutters
Utilities Available Cable Connected, Electricity Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level One
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Other
Water Public
Structure Type Block
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/L4957271
NEARBY SCHOOL & BUSINESS
- 5
Hillcrest Elementary School
Public | PK - 5
- 4
Polk Avenue Elementary School
Public | PK - 5
- 4
Spook Hill Elementary School
Public | PK - 5
- 2
Janie Howard Wilson School
Public | PK - 5
- 0
Endtime Christian School of Excellence
Private | KG - 12
- 0
Canaan Academy
Private | KG - 5
- 0
Candlelight Christian Academy
Private | KG - 12
- 0
Love to Learn Inc
Private | KG - 9
- 0
Our Children's Academy
Public | PK - 12
- 0
The Vanguard School
Private | 5 - 12
- 1
McLaughlin Middle School and Fine Arts Academy
Public | 6 - 8
- 1
Roosevelt Academy
Public | 6 - 12
- 0
Our Childrens Middle Academy
Public | 6 - 8
- 4
Lake Wales Senior High School
Public | 9 - 12