LAKE WALES, FL 33853 434 E TILLMAN AVENUE

Sold: Mar 13, 2026
Presented By: BHHS FLORIDA PROPERTIES GROUP with 863-701-2350. - 863-701-2350
  • MLS# L4957773
  • 12/08/2025
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Disclaimer: The information contained in this listing has not been verified by Homepride Group at EXP Realty and should be verified by the buyer.
  • Beds • 12
  • Baths • 7
  • SQFT • 4,466

Home Details

Price Reduced $25,000 – Seller Motivated! An outstanding investment opportunity just got even better in the heart of Lake Wales. The seller has lowered the price by $25,000, creating a compelling value for investors seeking strong cash flow and long-term upside. This 7-unit multifamily property offers solid rental income, strong occupancy, and multiple recent upgrades—making it a true turnkey addition to any portfolio. The unit mix includes five 2-bed/1-bath units and two 1-bed/1-bath units, a proven combination for stable, long-term tenancy. Major improvements have already been completed, including new roofs and some newer A/C systems, helping reduce future capital expenses and enhance operational efficiency. A standout feature is the large onsite storage area, presenting excellent value-add or expansion potential. Whether converted into income-producing storage units or reconfigured for future improvements, this space offers flexibility and upside. Ideally located near schools, shopping, dining, and major roadways, the property benefits from strong tenant demand and consistent occupancy. Investor Highlights • Price reduced $25,000 • 7 units (5× 2/1 + 2× 1/1) • New roofs & newer A/C systems • Strong existing cash flow • High occupancy history • Expansion or storage income potential • Central Lake Wales location With pricing improved and upside still intact, this is a rare opportunity to acquire a stabilized multifamily asset with room to grow. Bring your offers—this one is ready to move.
Presented By: BHHS FLORIDA PROPERTIES GROUP with 863-701-2350. - 863-701-2350

Interior Features for 434 E TILLMAN AVENUE

Bedrooms

Total Bedrooms12

Bathrooms

Total Baths7

Other Interior Features

LivingAreaSourcePublic Records
Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesCeiling Fan(s), Solid Surface Counters, Solid Wood Cabinets
Laundry FeaturesNone

General for 434 E TILLMAN AVENUE

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Carport Spaces1
Carport Y/NYes
CityLAKE WALES
Construction MaterialsVinyl Siding, Wood Frame
CoolingCentral Air
CountyPolk
DirectionsFrom US-27: 1. Head east on Central Ave / FL-60 E. 2. Turn right onto S 4th Street. 3. Continue straight for approx. 0.3 miles. 4. Turn left onto E Tillman Avenue. 5. The property at 434 E Tillman Ave will be on your right. From Downtown Lake Wales: 1. Travel east on E Stuart Ave. 2. Turn right onto N 1st Street. 3. Turn left onto E Tillman Avenue. 4. Continue straight; property will be on your left. From SR-60 (coming from Vero Beach direction): 1. Take FL-60 W toward Lake Wales. 2. Turn left onto S 4th Street. 3. After 0.3 miles, turn left onto E Tillman Avenue. 4. Property is on the right.
Flood Zone CodeX
Flood Zone Code XY
Garage Y/NNo
Gross Income102000
HeatingElectric
Land Lease Y/NNo
Legal DescriptionLAKE WALES PB 1 PG 88A 88B S1&2 T30 R27 BLK 42 LOT 4
LevelsTwo
Listing TermsCash, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet11234
Lot Size UnitsSquare Feet
MLS Area33853 - Lake Wales South
New ConstructionNo
Number Of Units Total7
Ok to Lease12 Months
OwnershipFee Simple
PossessionClose Of Escrow
Property TypeResidential Income
RoofMembrane, Shingle
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusClosed
StatusSold
Subdivision NameLAKE WALES
Tax Annual Amount3028
Tax Lot4
Tax Year2024
Tenant PaysElectricity
Total Actual Rent8500
UtilitiesCable Connected, Electricity Connected, Phone Available
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1920
ZoningR-2

Exterior for 434 E TILLMAN AVENUE

Covered Spaces1
Exterior AmenitiesNone, Storage
Foundation DetailsSlab
Lot Size Acres0.26
Lot Size Area11234
Number of Buildings3
Private PoolNo
Road Surface TypeAsphalt
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Steven Pugh

Broker Associate | Team Leader
Price $825,000
MLS#L4957773
List Date 12/08/2025
Property Type Income
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