Residential Property - Single Family Residence in Lake Wales
Listing Price: $349,900 (Mortgage Calculator →)
Description of Property
Live for Free! Modern House-Hacker’s Dream with 2024 UpgradesStop paying a mortgage and start building equity! This unique property at 425 E Sessoms Ave is the ultimate "house hack" opportunity in Lake Wales. Situated on a spacious 0.31-acre lot , this property features two solid brick residential buildings that allow you to live in one unit while the other two pay your bills.The Layout: Your Home + Two Income StreamsThe Main Cottage (425 E Sessoms): A charming standalone 1-bedroom, 1-bathroom home (685 sq ft). It features a cozy fireplace and a private 90 sq ft finished screened porch —perfect for your morning coffee while your tenants are tucked away in the other building.The Income Building (427 E Sessoms): A substantial structure divided into two high-demand units:Unit 2 (Front Suite): A private 1-bedroom, 1-bathroom suite with its own front porch and entrance.Unit 3 (Rear Studio): A secluded studio with a separate side entrance for total privacy.Move-In Ready & Stress-FreeBrand New Roof (2024): Rest easy knowing the most expensive home maintenance item is already done.Full Climate Control: Stay cool year-round with Central AC in both residential buildings.On-Site Laundry: A detached storage building at the rear includes a private laundry room, a must-have amenity for you and your tenants.Low Maintenance: The classic brick exterior means no more weekends spent painting or siding—this home is built to last.The Financial EdgeWith a potential rental income of $1,800/mo from the two additional units ($1,200 for the 1/1 and $600 for the studio), you could significantly offset or even completely cover your mortgage payment.Why rent when you can own and let the property pay for itself? Schedule your tour today and see how easy mortgage-free living can be!
Bedrooms: 3
Bathrooms: 3
Sq. Ft. Gross: 1,600
Garage: No
Carport: No
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Lake Wales
County: Polk
Subdivision: Lake Wales
Bedrooms: 3
Bathrooms: 3
Sq. Ft. Gross: 1,600
Sq. Ft. Living Area: 685
Cost per (heated) sqare foot: $511
Year built: 1937
Annual Tax: $2,877
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances: Refrigerator
Flooring: Luxury Vinyl
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Construction: Block
Foundation: Slab
Roof: Shingle
Exterior Features: Other
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Other
Sewer: Other
Water Source: None
Lot Information
Lot Size (acres): 0.31
Lot Size (sq. ft.): 13,464 square feet
Front Exposure: South
Legal Description & Other Information
Financing Available: VA Loan
Parcel Number: 273001883000018100
Zoning: R-2
Tax Legal Desc.: LAKE WALES PB 1 PG 88A 88B S1&2 T30 R27 BLK 18 LOT 10
Section: 1
Range: 27
Listing courtesy of BHHS FLORIDA PROPERTIES GROUP. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.