Tommaso The Realtor
BEDS2
BATHS
SQUARE FEET685
MLS#L4957271
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONLAKE WALES
Property Description
Welcome to 425 E Sessoms Ave in Lake Wales - a turnkey income-producing triplex with major capital improvements already completed. This property includes two 1BR/1BA units and one studio apartment, each with private entrances and consistent rental demand.Investors will appreciate the new roof and new A/C units, offering reduced CapEx for years to come and stronger cash-flow stability. With three rentable units under one structure, this triplex supports multiple income strategies: long-term tenants, traveling professionals, or an owner-occupant looking to house hack.The two 1-bedroom units offer functional layouts with easy value-add potential, while the studio provides an additional revenue stream with strong occupancy potential. Located minutes from downtown Lake Wales, Lake Wailes Park, shopping, dining, medical centers, and major employment hubs, this property sits in a high-demand rental corridor.Key Highlights: Triplex: (2) 1BR/1BA units + (1) Studio New Roof + New A/C Units = Reduced long-term maintenance Multiple income streams under one roof Separate entrances & flexible rental configurations Strong rental demand close to downtown and amenitiesWhether you're expanding your rental portfolio or looking to offset your mortgage with rental income, this property delivers flexibility, stability, and reliable returns. Schedule your showing today.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Other
Lot Size: 0.31 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $2,877
Year Built: 1937
Amenities
Ceiling Fans(s)
Other
Other
Rain Gutters
Feature Descriptions
Annual Net Income: 33000.00
Appliances: Refrigerator
Days on Site: 114
Directions: Hwy 60 to 1st St. Turn north on 1st St, then right onto E Sessoms Ave. Property will be on your left.
Exterior: Block
Flood Zone Code: X
Flooring: Laminate, Luxury Vinyl
Foundation: Slab
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional
Lot Dimensions: 0.31
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Other
Showing Instructions: Appointment Only
Special Sale Provisions: None
Units: 3
Utilities: Cable Connected, Electricity Connected
Water: Public
Water Access Y/N: No
Zoning: R-2
Listed By / Shown By
Listed By
Agency Name: BHHS FLORIDA PROPERTIES GROUP
Agency Contact: 863-701-2350
Shown By
Agent Name: Tommaso The Realtor
Agent Phone: (201) 889-4310 Cell
Agency Title: Florida Executive Realty
Estimate Your Payment
Estimated Payment
$ 1,133.37 per month $790.08 Principal & Interest $239.75 Property Tax $103.54 Homeowner's InsuranceChange Payment Information
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425 E Sessoms Avenue | MLS# L4957271
This multi-family property located at 425 E Sessoms Avenue, Lake Wales, FL 33853 is currently listed for sale with an asking price of $355,000. Search Lake Wales real estate on www.tampashomesource.com today.