$275,000
646 Beverly DriveLake Wales, FL 33853
Listing updated: October 16, 2026 at 9:41 AM ET
Listing courtesy of Keller Williams Realty Smart 1 · David Small · MLS #L4965188 · Active · 863-508-3000Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
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.
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 history25 days on market
- Status: ActiveSep 21, 2026
- Listed$275,000Sep 21, 2026
Facts & features
- Property type
- Residential Income
- Sub type
- Duplex
- Status
- Active
- Days on market
- 25
- Subdivision
- Ridge Manor
- County
- Polk
- Year built
- 1983
- Living area
- 1,782 sq ft
- Price/sq ft
- $154
- Building area
- 2,102 sq ft (Public Records)
- Lot size
- 11,173 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- X (12105C0565H)
- Annual taxes
- $3,415 (2026)
- Parcel #
- 27-30-11-915500-003110
- Zoning
- R-2
- MLS #
- L4965188
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Interior Details
- Bedrooms
- 4
- Flooring
- Carpet, Concrete
- Appliances
- Range, Refrigerator
- Interior features
- Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Split Bedroom
- Laundry
- Electric Dryer Hookup, In Kitchen, Laundry Closet, Washer Hookup
- Stories / Levels
- One
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air
Parking
- Parking features
- Driveway
HOA & Financial
- Total monthly fees
- None
- Total annual fees
- None
- CDD
- No
- Listing terms
- Cash, Conventional, FHA, VA Loan
- Ownership
- Fee Simple
- Available for lease
- Yes
- Additional lease restrictions
- All info is deemed reliable but should be verified with the county by the buyer and their agent
- Approval process
- All info is deemed reliable but should be verified with the county by the buyer and their agent
Exterior & Construction
- Exterior features
- Fence, Lighting, Private Entrance, Private Mailbox, Private Yard, Rain Gutters, Sidewalk
- Construction materials
- Block, Stucco
- Roof
- Shingle
- Foundation
- Slab
- Road surface
- Asphalt, Paved
Utilities
- Sewer
- Septic Tank
- Water source
- Public
- Utilities
- Cable Available, Electricity Available, Public
Community
- Pets allowed
- Yes
Listing Details
- Listing date
- 2026-09-12
- On market date
- 2026-09-21
- Original list price
- $275,000
- Occupant type
- Tenant
- MLS area
- 33853 - Lake Wales South
- Listing AOR
- East Polk
- Status changed
- 2026-09-21
- Tax legal description
- RIDGE MANOR FIRST UNIT PB 12 PG 10 IN SEC 12 T30 R27 BLK 3 LOT 11
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
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.
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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 October 16, 2026 at 9:41 AM 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.
All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.
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