646 BEVERLY DRIVE, #646 and 648
Lake Wales, FL 33853
$275,000
Virtually Staged. INVESTMENT OPPORTUNITY in Lake Wales! This well-constructed brick duplex presents an excellent opportunity to acquire an income-producing property with additional value-add potential. The property consists of two spacious 2-bedroom, 1-bath units, each offering an oversized driveway for ample off-street parking and access to a fenced-in backyard. The durable brick construction and solid foundation provide a strong starting point for continued ownership and improvement.
Several significant updates have already been completed. Unit 648 features an AC system, water heater, and luxury vinyl plank flooring installed approximately two years ago. The property was also updated with new plumbing approximately two and a half years ago, and the septic tank and drain field were replaced approximately four and a half years ago. One unit is currently rented, while the second unit is vacant and provides an opportunity for an investor to renovate, lease, and increase overall income potential.
With approximately $30,000 in potential annual rental income when fully occupied, this property offers the opportunity to combine existing rental income with future upside through strategic improvements. Located in Lake Wales, the property provides convenient access to local shopping, dining, schools, parks, and major roadways, making it a practical location for both residents and rental tenants. A solid opportunity for an investor seeking a two-unit property with established improvements and room to add value.
Listing Courtesy of: KELLER WILLIAMS REALTY SMART 1
863-508-3000
| Listing Id: | L4965188 |
|---|---|
| List Price: | $275,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Duplex |
| Status: | Active |
| Bedrooms Total: | 4 |
| Bathrooms Full: | 2 |
| Living Area: | 1,782 |
| Tax Annual Amount: | $3,415 |
| Lot Size Square Feet: | 11,173 |
| Lot Size Acres: | 0.26 |
| Waterfront?: | No |
| City: | Lake Wales |
| County Or Parish: | Polk |
| Subdivision Name: | Ridge Manor |
| Postal Code: | 33853 |
| Year Built: | 1983 |
| Number Of Units Total: | 2 |
| Appliances: | Range, Refrigerator |
| Bathrooms Total Integer: | 2 |
| Building Area Source: | Public Records |
| Building Area Total: | 2102 |
| Building Area Units: | Square Feet |
| Foundation Details: | Slab |
| Construction Materials: | Block, Stucco |
| Cooling: | Central Air |
| Directions: | From U.S. Highway 27 in Lake Wales, head east on State Road 60. Turn south onto Scenic Highway, then turn onto Beverly Drive. Continue on Beverly Drive to the destination. |
| Exterior Features: | Fence, Lighting, Private Entrance, Private Mailbox, Private Yard, Rain Gutters, Sidewalk |
| Flooring: | Carpet, Concrete |
| Furnished: | Unfurnished |
| Heating: | Central, Electric |
| Interior Features: | Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Split Bedroom |
| Laundry Features: | Electric Dryer Hookup, In Kitchen, Laundry Closet, Washer Hookup |
| Levels: | One |
| Listing Contract Date: | 2026-09-12 |
| Ownership: | Fee Simple |
| Living Area Source: | Public Records |
| Living Area Units: | Square Feet |
| Lot Features: | Landscaped |
| Lot Size Acres: | 0.26 |
| Lot Size Dimensions: | 68x160 |
| Postal Code Plus4: | 4804 |
| MLS Area Major: | 33853 - Lake Wales South |
| MLS Area Major: | 33853 - Lake Wales South |
| Original List Price: | $275,000 |
| Other Equipment: | Private Entrance, Private Yard |
| Parcel Number: | 27-30-11-915500-003110 |
| Parking Features: | Driveway |
| Patio And Porch Features: | Front Porch, Rear Porch |
| Pets Allowed: | Yes |
| Township: | 30 |
| Road Surface Type: | Asphalt, Paved |
| Roof: | Shingle |
| Listing Terms: | Cash, Conventional, FHA, VA Loan |
| Tax Year: | 2026 |
| Sewer: | Septic Tank |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Utilities: | Cable Available, Electricity Available, Public |
| View: | Trees/Woods |
| Water Source: | Public |
| Number Of Lots: | 1 |
| Public Survey Range: | 27 |
| Public Survey Section: | 11 |
| Zoning: | R-2 |
| Window Features: | Blinds, Window Treatments |
| Additional Lease Restrictions: | All info is deemed reliable but should be verified with the county by the buyer and their agent |
| Alternate Key Folio Num: | 273011915500003110 |
| Annual Net Income: | 28800.00 |
| Approval Process: | All info is deemed reliable but should be verified with the county by the buyer and their agent |
| Available For Lease Yn: | Yes |
| Building Area Total Srch Sq M: | 195.28 |
| Building Name Number: | 646 AND 648 |
| Calculated List Price By Calcula: | 154.32 |
| Cddyn: | No |
| Dprurl: | https://www.workforce-resource.com/dpr/listing/MFRMLS/L4965188?w=Agent&skip_sso=true |
| Dprurl 2: | https://www.workforce-resource.com/dpr/listing/MFRMLS/L4965188?w=Customer |
| Dpryn: | Yes |
| Flood Zone Code: | X |
| Flood Zone Date: | 2016-12-22 |
| Flood Zone Panel: | 12105C0565H |
| Green Verification Count: | 0 |
| Homestead Yn: | No |
| Listing Exclusion Yn: | No |
| Living Area Meters: | 165.55 |
| Lot Size Square Meters: | 1038 |
| Pet Restrictions: | All info is deemed reliable but should be verified with the county by the buyer and their agent |
| Sdeo yn: | No |
| Total Acreage: | 1/4 to less than 1/2 |
| Total Num Buildings: | 1 |
| Unit Count: | 2 |
| Unit Number Yn: | No |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Association 2 Yn: | 0 |
| Attribution Contact: | 863-508-3000 |
| Originating System Name : | Stellar MLS |
| Green Energy Generation Yn: | No |
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Property Last Updated: October 08, 2026 08:59 PM - ET
