434 E TILLMAN AVENUE, Lake Wales, FL 33853

• 12 beds |
• 7 baths |
• 4,466 sqft

Property Description

Under contract-accepting backup offers. Price Reduced $25,000 – Seller Motivated! An outstanding investment opportunity just got even better in the heart of Lake Wales. The seller has lowered the price by $25,000, creating a compelling value for investors seeking strong cash flow and long-term upside. This 7-unit multifamily property offers solid rental income, strong occupancy, and multiple recent upgrades—making it a true turnkey addition to any portfolio. The unit mix includes five 2-bed/1-bath units and two 1-bed/1-bath units, a proven combination for stable, long-term tenancy. Major improvements have already been completed, including new roofs and some newer A/C systems, helping reduce future capital expenses and enhance operational efficiency. A standout feature is the large onsite storage area, presenting excellent value-add or expansion potential. Whether converted into income-producing storage units or reconfigured for future improvements, this space offers flexibility and upside. Ideally located near schools, shopping, dining, and major roadways, the property benefits from strong tenant demand and consistent occupancy. Investor Highlights • Price reduced $25,000 • 7 units (5× 2/1 + 2× 1/1) • New roofs & newer A/C systems • Strong existing cash flow • High occupancy history • Expansion or storage income potential • Central Lake Wales location With pricing improved and upside still intact, this is a rare opportunity to acquire a stabilized multifamily asset with room to grow. Bring your offers—this one is ready to move.

Listing Status:

Pending

Date Added:

December 8, 2025

Data Last Updated:

February 10, 2026 at 5:22PM

Listing Office:

BHHS FLORIDA PROPERTIES GROUP : 863-701-2350

Listing Agent:

Wes Fleming : 863-666-4136

MLS ID:

L4957773

Interior

• General: Ceiling Fans(s)Solid Surface CountersSolid Wood Cabinets
• Laundry: None
• A/C: Central Air
• Heating: Electric

Exterior

• General: NoneStorage

Construction

• Roofing: MembraneShingle
• General: Vinyl SidingFrameTwoSlab

Location

• Road/Access: Asphalt
• Originating MLS: Stellar MLS
• County: Polk

Lot

• Zoning: R-2LAKE WALES PB 1 PG 88A 88B S1&2 T30 R27 BLK 42 LOT 427-30-01-883000-042040

Utilities

• Utilities: Cable ConnectedElectricity ConnectedPhone Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Fee Simple