Property
ActiveResidential
1/60
$775,000

315 RIDGE MANOR DRIVE

Lake Wales, FL 33853
6
Beds
12
Baths
5,030
SqFt
0.79
Acres
STELLAR
#K4903360
Updated: Jun 25, 2026, 1:38pm

Property Description

Exceptional 11-Unit Income Opportunity with Strong Rental Appeal!

Don’t miss this unique mixed-unit multifamily property offering a versatile unit mix designed to attract a wide range of tenants and help minimize vacancies. With all 11 units currently occupied and long-term leases in place, this property provides immediate and stable income for the savvy investor.

Ideally located with convenient access to schools, shopping, medical facilities, and major travel routes including Hwy 27 and SR 60, tenants enjoy easy north/south/east/west commuting—making this a highly desirable rental location.

Recent improvements include a new roof and new septic drainfield, offering added peace of mind and reduced near-term capital expenses.

Whether you’re expanding your portfolio or seeking your first solid, income-producing asset, this property checks all the boxes. Private showings are now being scheduled—secure your opportunity today!
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Property Details

Interior
Building Area Total
5205
Cooling
Wall/Window Unit(s)
Fireplace Features
Living Room
Furnished
Unfurnished
Heating
ElectricSpace Heater
Interior Features
Window Treatments
Laundry Features
Common AreaLaundry RoomOutside
Living Area
5030
Construction
Building Area Source
Public Records
Building Area Units
Square Feet
Construction Materials
StuccoWood Frame (FSC Certified)
Foundation Details
Crawlspace
Levels
One
Living Area Source
Public Records
Living Area Units
Square Feet
Number Of Units Total
11
Roof
OtherShingle
Year Built
1926
Site & Exterior
Exterior Features
Storage
Flood Zone Code
X
I D X Participation
Yes
Lot Size Acres
0.79
Lot Size Area
34360
Lot Size Square Feet
34360
Lot Size Units
Square Feet
Patio And Porch Features
PatioPorchScreened
Public Survey Range
27
Public Survey Section
11
Road Surface Type
Asphalt
Sewer
Septic Tank
Total Acreage
1/2 to less than 1
Utilities
Electricity ConnectedPropanePublic
Water Source
Public
Zoning
R-2
Financials
Calculated List Price By Calculated Sq Ft
154.08
Contract Status Change Date
2026-03-20
Current Price
775000
Existing Lease Type
Gross
Feed Types
BBO
Lease Considered
Yes
Lease Term
12 Months
Minimum Lease
No Minimum
Owner Name
TD INVESTMENT PROPERTIES LLC
Ownership
Fee Simple
Parcel Number
273011916000011040
Public Survey Township
30
Tax Annual Amount
9928
Tax Block
11
Tax Book Number
19-16
Tax Legal Description
RIDGE MANOR SECOND UNIT PB 19 PG 16 BLK 11 LOTS 4 THRU 6 & PT OF LOT 7 DESC AS: BEG SE COR NLY TO NE COR W 30 FT SLY 151.95 FT TO POB
Tax Lot
7
Tax Year
2025
Total Actual Rent
9290

Neighborhood & Lifestyle

Community & Association
M L S Area Major
33853 - Lake Wales South
Subdivision Name
RIDGE MANOR
Listing provided courtesy of STELLAR via IDX. Updated: Jun 25, 2026, 1:38pm.
Dolores Vogel

Listing Agent

LEGACY REAL ESTATE CENTER INC

Call Agent