About 646 Beverly Drive 646 And 648
Virtually Staged. INVESTMENT OPPORTUNITY in Lake Wales! This well-constructed brick duplex presents an excellent opportunity to acquire an income-producing property with additional value-add potential. The property consists of two spacious 2-bedroom, 1-bath units, each offering an oversized driveway for ample off-street parking and access to a fenced-in backyard. The durable brick construction and solid foundation provide a strong starting point for continued ownership and improvement. Several significant updates have already been completed. Unit 648 features an AC system, water heater, and luxury vinyl plank flooring installed approximately two years ago. The property was also updated with new plumbing approximately two and a half years ago, and the septic tank and drain field were replaced approximately four and a half years ago. One unit is currently rented, while the second unit is vacant and provides an opportunity for an investor to renovate, lease, and increase overall income potential. With approximately $30,000 in potential annual rental income when fully occupied, this property offers the opportunity to combine existing rental income with future upside through strategic improvements. Located in Lake Wales, the property provides convenient access to local shopping, dining, schools, parks, and major roadways, making it a practical location for both residents and rental tenants. A solid opportunity for an investor seeking a two-unit property with established improvements and room to add value.
Features of 646 Beverly Drive 646 And 648
| MLS® # | L4965188 |
|---|---|
| Price | $275,000 |
| Bedrooms | 4 |
| Bathrooms | 2.00 |
| Square Footage | 1,782 |
| Acres | 0.26 |
| Year Built | 1983 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Status | Active |
Listing Details
| Office | KELLER WILLIAMS REALTY SMART 1 |
|---|
Listing Map
Neighborhood Information for 646 Beverly Drive 646 And 648
Stable Population, Moderate Residential Turnover
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Mclaughlin Middle School And Fine Arts Academy Public - 6Th Grade to 8Th Grade - Closest Middle School |
0 Miles | |
|
Hillcrest Elementary School Public - Preschool to 5Th Grade |
1 Miles | |
|
|
Namesake Christian Academy Private - to |
1 Miles | |
|
Polk Avenue Elementary School Public - Preschool to 5Th Grade |
1 Miles | |
|
|
Endtime Christian School Of Excellence Private - Kindergarten to 12Th Grade - Closest Elementry School |
1 Miles | |
|
|
Candlelight Christian Academy Private - Kindergarten to 12Th Grade - Closest High School |
2 Miles | |
|
|
Canaan Academy Private - to |
2 Miles |
School data provided by GreatSchools