315 Ridge Manor Drive
LAKE WALES, FL 33853
6
Bed
12
Bath
5,030Sqft
0.79Acre(Lot)
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 you
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedroom: 6Bathroom Information
Total Baths: 12Interior Features
Window Treatments Roof: Other, Shingle Laundry Features: Common Area, Laundry Room, OutsideRoofing Information
Other, Shingle -
Flooring Information
Construction Materials: Stucco, Frame -
Heating & Cooling
Heating: Electric, Space Heater Cooling: Wall/Window Unit(s) WaterSource: Public
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Building Information
Year Built: 1926 -
Exterior Features
Storage Construction Materials: Stucco, Frame Foundation Details: Crawlspace
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Lot Information
Lot Square Feet: 34360 Lot Acres: 0.79 Lot Size (SqMt): 3192Property Information
Property Type: Residential Income Sub Type: Quadruplex
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Listing Price Information
Original List Price:$799000
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Tax Information
Tax Block: 11 Tax Book Number: 19-16 Tax Lot: 7 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 Annual Tax: $9928 Tax Year: 2025 Parcel Number: 27-30-11-916000-011040
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Virtual Tour
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Utility Information
Electricity Connected, Propane, Public Sewer: Septic Tank Water Source: Public -
Location Information
Subdivision: RIDGE MANOR City: LAKE WALES Direction: From Hwy 27 travel south to Lake Wales, turn east onto Central Ave, turn right onto First Street, turn left onto Ridge Manor Drive, property is on the corner of Exmor and Ridge Manor Drive.
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1402 Thousand Roses Dr..., Lake Wales, FL, 33853 | $166,000 | 2 | 2 | 858 | 858 SqFt |
| 1021 Cohassett Avenue, Lake Wales, FL, 33853 | $397,000 | 7 | 4 | 2,188 | 2,188 SqFt |
| 425 E Sessoms Avenue, Lake Wales, FL, 33853 | $315,000 | 2 | 3 | 1,652 | 1,652 SqFt |
| 26 W Polk Avenue, Lake Wales, FL, 33853 | $391,498 | 4 | 4 | 1,740 | 1,740 SqFt |
| 134 E Street #1 2, Lake Wales, FL, 33853 | $210,000 | 4 | 2 | 1,080 | 1,080 SqFt |
| 627 Washington Avenue, Lake Wales, FL, 33853 | $340,000 | 4 | 2 | 2,096 | 2,096 SqFt |
| 130 E Northside Drive, Lake Wales, FL, 33853 | $255,000 | 4 | 2 | 1,455 | 1,455 SqFt |
Similar Multifamily To 315 Ridge Manor Drive
Nearby For Sale
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Based on information submitted to the MLS GRID as of 06/23/2026 @ 06:20. All data is obtained from various sources and may not have been verified by the 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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ByOwner last updated this listing 06/23/2026 @ 06:20
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