130 E Northside Drive, Lake Wales FL 33853

Discover a rare lakefront income property in the heart of Lake Wales. Located in Polk County’s Northside Heights subdivision, 130 E Northside Drive is a Residential Income Duplex offering two well-designed 2-bedroom, 1-bath units in a one-story Twin Home and Half Duplex architectural style.
Built in 1938, the property features approximately 1,455 square feet of living space on a generous 10,197-square-foot lot. Each unit offers an open-concept layout, comfortable living areas, and outdoor space, while the beautiful lake view adds a peaceful Florida backdrop. Central air and electric heating provide year-round comfort. No exterior features are listed, and there is no HOA. Pet policies vary, with pets allowed in some circumstances, so buyers should verify details for each unit.
This lakefront duplex presents an attractive investment opportunity with an estimated 8 percent cap rate when purchased with cash and close to a 9 percent cap rate with 20 percent down at prevailing rates. An owner-occupant could live in one unit while rental income from the second helps offset the mortgage. A new roof is needed, and the seller is offering a $10,000 concession.
Florida living also means warm weather, beautiful beaches, excellent entertainment, and strong infrastructure. Miami is famous for its vibrant lifestyle, dining, nightlife, and coastal appeal, while Lake Wales offers a more relaxed setting.
For details or to schedule a showing, call or text/WhatsApp +1 786.468.4380.