$325,000
425 Sessoms Avenue
Lake Wales, FL 33853
Listing updated: May 26, 2026 at 12:19 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
High-Yield Turnkey Triplex with 2024 Upgrades! Investors, seize this rare income-producing asset generating $3,000 in gross monthly revenue with an exceptionally low expense profile. Situated on a spacious 0.31-acre lot, this property offers the perfect blend of density and privacy across two solid brick residential buildings. Major 2024 Capital Upgrade: A Brand New Roof was installed across the property in 2024, providing years of worry-free ownership. Both primary buildings are equipped with Central AC to ensure maximum tenant comfort and retention. The Layout:425 E Sessoms Ave: A standalone 1-bedroom, 1-bathroom cottage (685 sq ft) featuring a private 90 sq ft finished screened porch and a classic fireplace. 427 E Sessoms Ave (Front): A private 1-bedroom, 1-bathroom suite with its own dedicated front entrance and porch. 427 E Sessoms Ave (Rear): A secluded private studio with a separate side/rear entrance for ultimate tenant privacy. Bonus Value: A detached large storage building at the rear includes an on-site laundry room, a high-demand amenity that adds significant utility. Built with common brick exterior walls, this property is designed for low-maintenance, long-term performance. With an annual gross income of $36,000 and minimal overhead, this "Cash Cow" is ready for Day 1 operations. Schedule your showing today!
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history169 days on market
- Status: ActiveDec 8, 2025
- Listed$370,000Dec 8, 2025
- Price reduced$325,000
Facts & features
- Property type
- Residential Income
- Sub type
- Duplex
- Status
- Active
- Days on market
- 169
- Subdivision
- Lake Wales
- County
- Polk
- Year built
- 1937
- Living area
- 1,652 sq ft
- Price/sq ft
- $197
- Building area
- 1,930 sq ft (Public Records)
- Lot size
- 13,464 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- X (12105C0565H)
- Annual taxes
- $2,877 (2024)
- Parcel #
- 27-30-01-883000-018100
- Zoning
- R-2
- MLS #
- L4957271
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Interior Details
- Bedrooms
- 2
- Flooring
- Laminate, Luxury Vinyl, Tile
- Appliances
- Range, Refrigerator
- Interior features
- Ceiling Fans(s), Other
- Laundry
- Laundry Room
- Stories / Levels
- One
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Min lease term
- No Minimum
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
Exterior & Construction
- Exterior features
- Outbuildings, Other
- Construction materials
- Block, Stucco
- Roof
- Shingle
- Foundation
- Slab
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Connected, Electricity Connected
Listing Details
- Listing date
- 2025-12-08
- On market date
- 2025-12-08
- Original list price
- $370,000
- Occupant type
- Tenant
- MLS area
- 33853 - Lake Wales South
- Listing AOR
- Lakeland
- Status changed
- 2025-12-08
- Tax legal description
- LAKE WALES PB 1 PG 88A 88B S1&2 T30 R27 BLK 18 LOT 10
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
Hwy 60 to 1st St. Turn north on 1st St, then right onto E Sessoms Ave. Property will be on your left.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of May 26, 2026 at 12:19 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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