18601 HWY 27, LAKE WALES, FL 33853
$695,000
Commercial 6,612 Square Feet Taxes: $4,880.00 Built in 1954 1 Stories Type: Hotel/Motel Listed on 09/25/2018 MLS # P4902625

Description of 18601 HWY 27, LAKE WALES, FL 33853

This turnkey investment property located in Central Florida is only in need of a new owner! Located on a busy divided highway (with plans for road expansion) with 300' frontage, and easy access to travel Florida highways In any direction. High occupancy rates with weekly/daily rentals; kitchenettes are available in some rooms. The office is attached to owners'/managers' apartment. Centrally located - near busy highways, restaurants, shopping, medical facilities, and tourist attractions. Schedule an appointment to tour this property soon! Do not approach employees, owners, or tenants.

Directions to 18601 HWY 27, LAKE WALES, FL 33853

Travel on Hwy 27 South through Lake Wales, approx. 1 mile south of intersection of Hwy 27 and 60. Property is on the east side of Hwy 27.

Features of 18601 HWY 27, LAKE WALES, FL 33853

Heating/Cooling

  • Window unit air conditioner

Exterior

  • Block exterior

Lot

  • Frontage: 300
  • Lot acreage is: 1.03
  • Lot zoned: C-3
  • Storage building(s)

Interior

  • Carpet
  • Ceramic tile flooring
  • Furnished
  • Tile flooring

Construction

  • Total square feet: 6612.00
  • Units in building(s): 1

Other

  • Tax year: 2017

Mortgage Payments for 18601 HWY 27, LAKE WALES, FL 33853

The approximate monthly Principal & Interest payment for this property would be $3,543. This payment is based on a 30-year loan at a fixed rate of 4.41 % with a down payment of $69,500. Actual lender interest rates and loan programs may vary.

Use our Mortgage Payment Calculator to determine a more exact payment estimate.