Contact David F. Ryder III
Contacting David F. Ryder III
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
Request more information
Request More Information
  • All fields are required.
  • MLS#: K4903360 ( ResidentialIncome )
  • Street Address: 315 Ridge Manor Drive
  • Viewed: 2
  • Price: $799,000
  • Price sqft: $154
  • Waterfront: No
  • Year Built: 1926
  • Bldg sqft: 5205
  • Bedrooms: 6
  • Total Baths: 12
  • Days On Market: 1
  • Additional Information
  • Geolocation: 27.8858 / -81.585
  • County: POLK
  • City: Lake Wales
  • Zipcode: 33853
  • Subdivision: Ridge Manor
  • Provided by: LEGACY REAL ESTATE CENTER INC
  • DMCA Notice
  • Description
    Exceptional 11 Unit Income Opportunity with Strong Rental Appeal! Dont miss this unique mixed unit multifamily property offering a versatile unit mix designed to attract a wide range of tenants and help minimize vacancies. With all 11 units currently occupied and long term leases in place, this property provides immediate and stable income for the savvy investor. Ideally located with convenient access to schools, shopping, medical facilities, and major travel routes including Hwy 27 and SR 60, tenants enjoy easy north/south/east/west commutingmaking this a highly desirable rental location. Recent improvements include a new roof and new septic drainfield, offering added peace of mind and reduced near term capital expenses. Whether youre expanding your portfolio or seeking your first solid, income producing asset, this property checks all the boxes. Private showings are now being scheduledsecure your opportunity today!
Property Features
Possible Terms
  1. Cash
  2. Conventional
Home Owners Association Fee
  1. 0.00
Basement
  1. CrawlSpace
Baths Total
  1. 12
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. WallWindowUnits
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Storage
Garage Spaces
  1. 0.00
Heating
  1. Electric
  2. SpaceHeater
Insurance Expense
  1. 0.00
Interior Features
  1. WindowTreatments
Legal Description
  1. RIDGE MANOR SECOND UNIT PB 19 PG 16 BLK 11 LOTS 4 THRU 6 & PT OF LOT 7 DESC AS: BEG SE COR NLY TO NE COR W 30 FT SLY 151.95 FT TO POB
Levels
  1. One
Living Area
  1. 5030.00
Area Major
  1. 33853 - Lake Wales South
Net Operating Income
  1. 0.00
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 27-30-11-916000-011040
Pet Deposit
  1. 0.00
Possession
  1. CloseOfEscrow
Property Type
  1. ResidentialIncome
Roof
  1. Other
  2. Shingle
Security Deposit
  1. 0.00
Sewer
  1. SepticTank
Tax Year
  1. 2025
The Range
  1. 0.00
Trash Expense
  1. 0.00
Utilities
  1. ElectricityConnected
  2. Propane
  3. MunicipalUtilities
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/K4903360
Water Source
  1. Public
Year Built
  1. 1926
Zoning Code
  1. R-2