$489,000
3818 RED OAK COURT, LAKE WALES, FL 33898
Beds
4
Baths
4
Sq Ft
2,160 sq ft
Year Built
1994
Lot Size
0.52 acres
Garage
2
About This Property
Excellent investment opportunity in the growing Lake Wales market! This duplex offers immediate cash flow with both units currently tenant-occupied, making it the perfect addition to an investor's portfolio. 3818 will remain tenant-occupied until Oct. 2027 and 3820 will be occupied until Oct. 2026. Each side of this well-maintained duplex features 2 bedrooms, 1.5 bathrooms, and approximately 1,080 square feet of living space, providing spacious and comfortable accommodations for tenants. With a total of 2,160 square feet, the property offers strong rental appeal and consistent income potential. Skip the hassle and expense of finding tenants—both units are already occupied and generating income from day one. Whether you're a seasoned investor looking to expand your portfolio or a first-time investor seeking a turnkey rental property, this duplex presents a rare opportunity to acquire a stabilized asset in a desirable Central Florida location. Don't miss your chance to own a cash-flowing duplex with built-in income and long-term investment potential.
Property Overview
Interior Features
Exterior & Lot
Utilities
Parking
HOA & Community
Financial Details
Schools
Directions
From downtown Lake Wales, head East on E. Central Ave. Take a Left on N. Lakeshore Blvd. and another Left on Tower Blvd. Take a Right (East) on Burns Ave (17). Right on Mammoth Grove Rd. Right on Capps Rd and finally a Left on Red Oak Ct.
Location
3818 RED OAK COURT, LAKE WALES, FL 33898
Listing Information
Schedule a Tour
Pick a Day
Preferred Time
Home Price
$489,000
Loan Term
Nearby Schools
How to Buy This Home
Multiple financing options available for this $489,000 home in LAKE WALES.
🏛️
FHA Loan
$17,115 Down
Government-backed, low down payment. Credit scores as low as 580.
🎖️
VA Loan
$0 Down
Zero down for eligible veterans, active duty, and military families.
🏦
Conventional
$24,450 Down
Traditional financing. As low as 3-5% down with good credit.
🌾
USDA Loan
$0 Down
Zero down for eligible rural areas. Income limits apply.
Florida Down Payment Assistance Programs
You may qualify for up to $35,000 in assistance to cover your down payment and closing costs.
Florida Hometown Heroes
Up to $35,000
First-time buyers working in FL
FL Assist
Up to $10,000
FHA, VA, or USDA borrowers
FL HLP Second Mortgage
Up to $10,000
First-time buyers, 0% deferred
Polk County SHIP
Varies
Income-qualifying Polk residents
Can You Afford This Home?
Quick check based on the 28% debt-to-income rule. Not a guarantee — just a starting point.
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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. 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. Data last updated: September 30, 2026.