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Group Housing 136 Jack Pine St 8 Unit Apartment Building $475,000 ($59,375/Unit) 19.20% Cap Rate Lake Wales, FL 33859

Apartment Buildings Florida Lake Wales 136 Jack Pine St, Lake Wales, FL 33859

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EXECUTIVE SUMMARY

This unique property, once a local church, has been thoughtfully converted into an 8-bedroom, 3-bath residence, offering endless possibilities. Whether you’re looking to establish an assisted living facility, group home, college housing, H2A housing, pad split investment, or a spacious home for a large family, this property is a perfect fit.
Recent Renovations & Upgrades Include:
Brand-new kitchen
Completely updated bathrooms
New electrical and plumbing systems
New flooring throughout
New hot water heater
New septic system
Fresh interior and exterior paint
New ductwork
Newer A/C unit and roof
With all major systems updated, this property is turnkey and ready for its next chapter.

PROPERTY FACTS

Price $475,000 Apartment Style Single-Family Home
Price Per Unit $59,375 Building Class B
Sale Type Investment Lot Size 0.40 AC
Cap Rate 19.20% Building Size 2,058 SF
Gross Rent Multiplier 5.21 Average Occupancy 0%
No. Units 8 No. Stories 1
Property Type Multifamily Year Built/Renovated 1960/2025
Property Subtype
Apartment
  • Multifamily Dormitory
Zoning Residential - Residential
Price $475,000
Price Per Unit $59,375
Sale Type Investment
Cap Rate 19.20%
Gross Rent Multiplier 5.21
No. Units 8
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Single-Family Home
Building Class B
Lot Size 0.40 AC
Building Size 2,058 SF
Average Occupancy 0%
No. Stories 1
Year Built/Renovated 1960/2025
Zoning Residential - Residential

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Range
  • Tub/Shower
  • Double Pane Windows
  • Family Room
  • Pantry
  • Vinyl Flooring

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Walking/Biking Trails
  • Individual Locking Bedrooms
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
8+3 8 $950.00 2,058
1 1

PROPERTY TAXES

Parcel Number 27-30-26-927300-003080 Improvements Assessment $0
Land Assessment $0 Total Assessment $79,308

PROPERTY TAXES

Parcel Number
27-30-26-927300-003080
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$79,308
(813) 728-7114

Still interested?

Contact the broker for more information about this property

CONTACT

  • Vicki Strickler
    Vicki Strickler
  • Charles Rutenberg Realyu

  • Listing ID: 37680358

  • Date on Market: 9/15/2025

  • Last Updated:

  • Address: 136 Jack Pine St, Lake Wales, FL 33859

More public record information on 136 Jack Pine St, Lake Wales, FL 33859

The Multifamily Property at 136 Jack Pine St, Lake Wales, FL 33859 is currently available for Sale. Contact Charles Rutenberg Realyu for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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MATTERPORT 3D EXTERIOR
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Front of Property
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Front of House 2
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Kitchen
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Laundryroom
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Dining Area
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Family room
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Bedroom 1
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Bedroom 2
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Bedroom 3
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Bedroom 4
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Bedroom 5
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Bathroom 8
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Bedroom 6
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Bedroom 7
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Bathroom Vanity 1
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Shower Area 2
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Bathroom 2 Vanity Area
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Bathroom 2 Shower area
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Building Photo
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Bathroom 3
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Group Housing | 136 Jack Pine St
(813) 728-7114 x

Group Housing | 136 Jack Pine St

Vicki Strickler
(813) 728-7114

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