646 Beverly Drive #646 and 648, Lake Wales, FL 33853
Local realty services provided by:CENTURY 21 Real Estate Champions
Listed by: david small, jordan kelley
Office: keller williams realty smart 1
MLS#:L4965188
Source:MFRMLS
Price summary
- Price:$275,000
- Price per sq. ft.:$130.83
About this home
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....
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Home facts
- Year built:1983
- Subdivision & Development:RIDGE MANOR
- Listing ID #:L4965188
- Added:37 day(s) ago
- Updated:October 29, 2026 at 03:57 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Flooring:Carpet, Concrete
- Dining Description:Eat In Kitchen, Living Room/Dining Room Combo
- Kitchen Description:Eat-in Kitchen, Range, Refrigerator
- Bedroom Description:Split Bedroom
- Living area:1,782 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1983
- Building area:1,782 sq. ft.
- Lot area:0.26 Acres
- Lot Features:Landscaped
- Construction Materials:Block, Stucco
- Exterior Features:Fence, Front Porch, Lighting, Private Mailbox, Rain Gutters, Rear Porch, Sidewalk
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Public, Septic Tank
Finances and disclosures
- Price:$275,000
- Price per sq. ft.:$130.83
- Tax amount:$3,415 (2026)
Features and amenities
- Appliances:Range, Refrigerator
- Laundry features:Electric Dryer Hookup, In Kitchen, Laundry Closet, Washer Hookup
- Amenities:Cable Available, Ceiling Fans(s), Eat-in Kitchen, Electricity Available, Living Room/Dining Room Combo, Split Bedroom
- Pool features:Public Pool
Parking
- Parking description:Driveway
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