$397,000

1021 COHASSETT AVE, Lake Wales, FL 33853

Active
8
Beds
4
Baths
2,188
Sq Ft
$181
Per Sq Ft
1950
Built
3
Days Listed

About This Property

This multifamily investment property is strategically located in Lake Wales just off State Road 60, a major east-west corridor connecting Lake Wales to Lakeland and the broader Polk County market. The property is also just minutes from US Highway 27, providing convenient access to Lakeland as well as northbound routes to Davenport, Interstate 4, Celebration, and Kissimmee. The property consists of four income-producing rental units, including: One 3-bedroom unit currently leased for $1,200 per month One 2-bedroom unit currently leased for $850 per month One 1-bedroom unit currently leased for $850 per month One detached cottage currently leased for $850 per month All tenants are responsible for their own electric and water utilities, helping to minimize owner operating expenses. This property offers stable rental income with strong accessibility to major employment centers, transportation routes, and growing Central Florida markets.

Property Details

TypeQuadruplex
Lot0.53 ac
PoolNo
WaterfrontNo
SubdivisionLAKE WALES HIGHLAND HEIGHTS ADD
HOANo
Tax/yr$2,811
HeatingNone
CoolingWall/Window Unit(s)
RoofShingle

Listed by KELLER WILLIAMS REALTY SMART 1 · MLS# P4939125

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Listing information © 2026 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved. Data deemed reliable but not guaranteed. Last updated: 2026-06-26.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Rise Team · LPT Realty, LLC
Mike Valdes
Mike Valdes
Rise Team · LPT Realty
(813) 548-5618
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