$799,000

315 RIDGE MANOR DRIVE, Lake Wales, FL 33853

  • 6 beds |
  • 12 baths |
  • 5,030 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1926
  • Property Lot Size Icon0.79acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $159/sqft
  • Property List Date Icon Listed 8 days ago

Property Description

Exceptional 11-Unit Income Opportunity with Strong Rental Appeal! Don’t 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 commuting—making 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 you’re expanding your portfolio or seeking your first solid, income-producing asset, this property checks all the boxes. Private showings are now being scheduled—secure your opportunity today!

Listing Status:
Active
Date Added:
March 20, 2026
Data Last Updated:
March 29, 2026 at 12:21AM
Listing Office:
LEGACY REAL ESTATE CENTER INC : 863-676-0200
Listing Agent:
Dolores Vogel : 863-632-5573
MLS ID:
K4903360
  • General: Window Treatments
  • Laundry: Common AreaLaundry RoomOutside
  • A/C: Wall/Window Unit(s)
  • Heating: ElectricSpace Heater
  • Fireplace: Living RoomFireplace
  • General: Storage
  • Other Structures: PorchScreenedPatio
  • Roofing: OtherShingle
  • General: StuccoFrameOneCrawlspace
  • Road/Access: Asphalt
  • Originating MLS: Stellar MLS
  • County: Polk
  • Zoning: R-2RIDGE 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 POB27-30-11-916000-011040
  • Utilities: Electricity ConnectedPropanePublic
  • Water: Public
  • Sewer: Septic Tank
  • Source: Stellar MLS
  • Ownership: Fee Simple

This listing courtesy of Dolores Vogel , LEGACY REAL ESTATE CENTER INC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Polk Avenue Elementary School

110 E Polk Ave, Lake Wales, FL, 33853

Grades PK-5

0.76 miles away

M

McLaughlin Middle School

800 4th St S, Lake Wales, FL, 33853

Grades 6-8

0.16 miles away

R

Roosevelt Academy

115 E St, Lake Wales, FL, 33853

Grades 6-12

1.88 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.