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Off market
  • $1,438,900

    648 Mountain Lake Cutoff Rd, Lake Wales, FL 33859

    --beds
    0baths
    9,800sqft
    MultiFamily
    Built in 2005
    -- sqft lot
    $1,438,900 Zestimate®
    $147/sqft
    $1,160 Estimated rent

    What's special

    GREAT INVESTMENT OPPORTUNITY OR BUSINESS. THIS PROPERTY CONSISTS OF TWO MINI STORAGE BUILDINGS, 15,000 SQ FT OF RENTAL STORAGE. 104 TOTAL UNITS, BUILDING ONE HAS 53 CLIMATE CONTROLLED UNITS AND BUILDING TWO HAS 51 STORAGE UNITS. THERE IS ALSO A 2000 SQ FT AUTO MECHANIC SHOP WITH THREE LARGE BAYS, A RECEPTION OFFICE WITH A RESTROOM AND A PRIVATE OFFICE AND BATH ROOM. THERE IS A LARGE ROOM ABOVE THE OFFICES THAT COULD BE CONVERTED INTO LIVING QUARTERS, CURRENTLY BEING USED AS A STORAGE BUILDING. THE PROPERTY HAS AN ANNUAL GROSS INCOME OF APPROXIMATELY $126,000 WITH A NET ANNUAL INCOME OF APPROXIMATELY $111,000.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Electric
    Cooling
    • Central
    Features
    • Flooring: Carpet, Concrete
    Interior area
    • Total interior livable area: 9,800 sqft

    Property

    Features
    • Exterior features: Metal
    Lot
    • Size: 1.07 Acres

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Metal
    Condition
    • Year built: 2005

    Community & neighborhood

    Location
    • Region: Lake Wales
    Services availability
    Get a cash offer in 3 minutes

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    Estimated market value

    $1,438,900

    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

    $1,438,900