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About this home
315 Ridge Manor Dr is a 1926-built home in Ridge Manor, Lake Wales. Inside you'll find 6 bedrooms, 12 bathrooms, and 5,030 square feet of living space. Listed at $749,000 (about $149/sqft), 207 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
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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The essentials
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Price history
Neighborhood
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Sample: 93 closed home sales in 33853 over the last 8 months, Stellar MLS. A starting point, not a guarantee.
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$749,000
$149 per sq ft
Beds and baths
6 beds, 12 baths
Size
5,030 sq ft
Time on market
207 days
Year built
1926
Monthly payment
About $5,108/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $9,928 annual tax bill, insurance.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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