627 Washington Avenue, Lake Wales, FL 33853

$320,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11991034

Property Type: Residential Income Square Footage: 5,662 Status: Active

Current Price: $320,000 List Date: 3/20/2026 Last Modified: 7/03/2026

Overview

Description

Owner financing available for this remodeled conner DUPLEX with almost 6000 sq ft of land. With 2 apartments unit each with: 2 bedrooms and 1 bathroom, fenced patio & garden, each unit with a private laundry room with washer/dryer, 4 parking spaces, independent Electrical & water Meters. Occupied lease tenants collecting $2600 monthlyThis zoning allows you to build two (2) extra apartments for additional income. Remember this is a Duplex so you don't need to have a great income to qualified because the property already adds an income stream on its own and that help you to qualified. With a rate cap of 9%. No HOA, low property tax. just 1 block form I-27 north. Call me I we qualified you.

Listing Details MLS# A11991034

General Property Information

Number Of Units Total: 2
Property Sub Type: Duplex
Building Area Main: 5662
Living Area Main: 2096
Adjusted Area Main: 1344
Year Built: 1966
Parking Total: 4
Outdoor Living Spaces YN: Yes
Stories Total: Yes
Pool Private YN: No

Property Features

Documents Available: Existing Survey Electric: Circuit Breakers Fencing: Fenced Flooring: Laminate Property Condition: Resale Structure Type: Duplex Construction Materials: Block Cooling: Central Air Heating: Central; Separate Meters Listing Terms: Cash; Conventional; FHA Possession: Close Of Escrow Roof: Shingle Sewer: Public Sewer Tax Information: Tax Reflects No Exemptions Utilities: Cable Available Water Source: Public Showing Requirements: Appointment Only Outdoor Living Spaces: Patio; Porch Porch Details: Porch - Open Unit 1 Appliances: Dryer; Microwave; Range; Refrigerator; Washer Unit 1 Other Equipment: Air Conditioning Unit; Fire Sprinklers; Smoke Detector(s) Unit 1 Parking Features: Open Parking Unit 1 Rooms: Kitchen; Laundry Room Unit 2 Appliances: Dryer; Range; Refrigerator; Washer Unit 2 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 2 Parking Features: Open Parking

Contract Information

Comp Sale YN: No
Original List Price: 360000

Location and Legal

Country: United States
County Or Parish: Polk
County Parish Name: Polk
Street Number: 627
Street Name: Washington
Street Suffix: Avenue
City Name: Lake Wales
Municipal Code: 27
State Or Province: FL
Postal Code: 33853
Postal Code +4: 3162
Postal Zip: 33853
Subdivision Name: Washington Park
Area: 5940 - Other Florida County
Geographic Area: Other
Parcel Number: 272934872500007010
Subdivision Number: 872500
Zoning: Duplex, Tri's, Quad'
Directions: 9 street and washington avenue in lakes wales behind Tropicana juice corporation two blocks from I-27. In the Famous Polk County.

Financial Information

Tax Annual Amount: 4070
Tax Year: 2025
Tax Legal Description: WASHINGTON PARK UNIT NO 2 PB 31 PG 57 BLK 7 LOT 1
Estimated Monthly Assoc Recurring Fee: 0

Status Change Information

Major Change Timestamp: 2026-07-03T02:42:37Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-07-03T02:42:37Z
Status Change Date: 2026-03-31

More Information

Meter Information

Separate Electric Meters YN: Yes

Short Sale Details

Lender Approval: Approved
Short Sale Addendum: No

Income and Expenses

Gross Income: 2600

Ceiling Fan Details

Number Of Ceiling Fans: 2

Storm Protection

Other Protection: Complete
Panel Shutters: Complete

Unit 1 Details

Actual Rent: 1300
Baths Full: Yes
Efficiency YN: No
Furnished: Partially
SqFt: 1048

Unit 1 Lease Description

Currently Leased YN: Yes

Unit 2 Details

Actual Rent: 1300
Baths Full: Yes
Efficiency YN: No
Furnished: Partially
SqFt: 1048

Unit 2 Lease Description

Currently Leased YN: Yes

Price Calculations

Current Price To SqFt: 152.67

Section Details

Parcel Number MLX: 0070

Originating Details

Originating System Key: 446781048
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Electric

Circuit Breakers: Yes

Flooring

Laminate: Yes

Property Condition

Resale: Yes

Documents Available

Existing Survey: Yes

Fencing

Fenced: Yes

Structure Type

Duplex: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes

Heating

Central: Yes
Separate Meters: Yes

Construction Materials

Block: Yes

Listing Terms

Cash: Yes
Conventional: Yes
FHA: Yes

Roof

Shingle: Yes

Water Source

Public: Yes

Cooling

Central Air: Yes

Showing Requirements

Appointment Only: Yes

Tax Information

Tax Reflects No Exemptions: Yes

Outdoor Living Spaces

Patio: Yes
Porch: Yes

Porch Details

Porch - Open: Yes

Unit 1 Appliances

Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes
Fire Sprinklers: Yes
Smoke Detector(s): Yes

Unit 1 Parking Features

Open Parking: Yes

Unit 1 Rooms

Kitchen: Yes
Laundry Room: Yes

Unit 2 Appliances

Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes

Unit 2 Parking Features

Open Parking: Yes

Unit 2 Patio/Porch

Patio/Porch: Yes

Documents

survey 2024 ›

Mortgage Comparison ›

Listing Office: Most Trusted Investments LLC

Last Updated: July - 03 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.