LAKE WALES, FL 33853 315 RIDGE MANOR DRIVE
$799,000
86 more
Presented By: LEGACY REAL ESTATE CENTER INC with 863-676-0200. - 863-676-0200
Beds • 6
Baths • 12
SQFT • 5,030
Home Details
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!
Presented By: LEGACY REAL ESTATE CENTER INC with 863-676-0200. - 863-676-0200
Interior Features for 315 RIDGE MANOR DRIVE
Bedrooms
Total Bedrooms6
Bathrooms
Total Baths12
Other Interior Features
LivingAreaSourcePublic Records
Air Conditioning Y/NYes
Fireplace FeaturesLiving Room
Fireplace Y/NYes
Furnished Y/NUnfurnished
Heating Y/NYes
Interior AmenitiesWindow Treatments
Laundry FeaturesCommon Area, Laundry Room, Outside
General for 315 RIDGE MANOR DRIVE
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Carport Y/NNo
CityLAKE WALES
Construction MaterialsStucco, Wood Frame (FSC Certified)
CoolingWall/Window Unit(s)
CountyPolk
DirectionsFrom Hwy 27 travel south to Lake Wales, turn east onto Central Ave, turn right onto First Street, turn left onto Ridge Manor Drive, property is on the corner of Exmor and Ridge Manor Drive.
Flood Zone CodeX
Flood Zone Code XY
Garage Y/NNo
Gross Income101524
HeatingElectric, Space Heater
Land Lease Y/NNo
Lease Considered Y/NYes
Legal DescriptionRIDGE 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 POB
LevelsOne
Listing TermsCash, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet34360
Lot Size UnitsSquare Feet
MLS Area33853 - Lake Wales South
Minimum LeaseNo Minimum
New ConstructionNo
Number Of Units Total11
Ok to Lease12 Months
OwnershipFee Simple
Patio/Porch FeaturesPatio, Porch, Screened
PossessionClose Of Escrow
Property SubtypeQuadruplex
Property TypeResidential Income
RoofOther, Shingle
Senior Community Y/NNo
SewerSeptic Tank
Standard StatusActive
StatusActive
Subdivision NameRIDGE MANOR
Tax Annual Amount9928
Tax Lot7
Tax Year2025
Total Actual Rent9290
UtilitiesElectricity Connected, Propane, Public
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1926
ZoningR-2
Exterior for 315 RIDGE MANOR DRIVE
Building Area Total5205
Exterior AmenitiesStorage
Foundation DetailsCrawlspace
Lot Size Acres0.79
Lot Size Area34360
Number of Buildings2
Private PoolNo
Road Surface TypeAsphalt
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Steven Silcock
Broker Owner