Introducing 627 Washington Ave, a lucrative investment opportunity in the tranquil city of Lake Wales, FL. This duplex, complete with long-term leases, offers a steady, reliable source of income. Each unit within this well-preserved duplex offers a comfortable layout of 2 bedrooms and 1 bathroom, providing ample space for tenants to create a home. These units' solid construction and thoughtful design reflect a commitment to comfort and quality that tenants will surely appreciate. One unit is rented at a competitive rate of $1095 per month to long-term tenants, underlining the property's desirability and the stability of the income stream. As an investor, you'll appreciate the immediate cash flow and the peace of mind that comes from reliable, long-term tenants. Situated in the charming city of Lake Wales, this property places tenants in a quiet, welcoming neighborhood with convenient access to local amenities, schools, and parks. The ease of commuting from this location further enhances the appeal of these units to prospective tenants. At 627 Washington Ave, you're not just investing in a duplex, but a secure income stream and a slice of Lake Wales' vibrant community. Whether you're an experienced investor looking to expand your portfolio or a new investor seeking a reliable investment, this property is a testament to the enduring value of real estate in Lake Wales. Don't let this opportunity pass you by.
Sold for $225,000 on 05/01/25
$225,000
627 Washington Ave #1, Lake Wales, FL 33853
4beds
2baths
1,152sqft
Duplex, Multi Family
Built in 1966
-- sqft lot
$218,700 Zestimate®
$195/sqft
$1,539 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: December 04, 2023 at 11:45am
Listing Provided by:
Tyler Gibson LLC 407-392-1800,
EXP REALTY LLC 407-392-1800
Bought with:
Carlos Matos, 540375
TRANSCONTINENTAL REALTY GROUP,
Source: Stellar MLS,MLS#: O6114961
Originating MLS: Orlando Regional

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Central
Cooling
- Central Air
Features
- None
- Flooring: Vinyl
- Has fireplace: No
Interior area
- Total structure area: 1,824
- Total interior livable area: 1,152 sqft
Property
Parking
- Total spaces: 2
- Parking features: Carport
- Carport spaces: 2
Features
- Levels: One
- Stories: 1
- Exterior features: Other
Lot
- Size: 5,776 sqft
Details
- Parcel number: 272934872500007010
- Zoning: MULTI FAMILTY
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Block
- Foundation: Slab
- Roof: Membrane
Condition
- New construction: No
- Year built: 1966
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public
Community & neighborhood
Location
- Region: Lake Wales
- Subdivision: WASHINGTON PARK UNIT NO 2
HOA & financial
HOA
- Has HOA: No
Other fees
- Pet fee: $0 monthly
Other financial information
- Total actual rent: 2190
Other
Other facts
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Road surface type: Asphalt
Services availability
Get a cash offer in 3 minutes
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Estimated market value
$218,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$218,700