Prime Investment Opportunity in Winter Haven!
Unlock the potential of this exceptional income-producing property! Nestled just up the street from the scenic Lake Howard, this 5-unit complex is ideally situated near an array of local amenities, making it highly attractive to tenants and investors alike.
This fully occupied property comprises five well-maintained units: one spacious 2-bedroom unit renting for $975/month, three 1-bedroom units renting for $750, $925, and $950/month respectively, and one 1-bedroom unit with an expansive bonus room renting for $900/month. The total rental income is an impressive $4,500 each month, providing a strong and steady cash flow. With four tenants on month-to-month leases offering flexibility and one on long-term leases ensuring stability, this property combines security with adaptability.
Each unit has been recently upgraded, featuring modern kitchens and bathrooms that enhance tenant satisfaction and retention. Two units are equipped with washer/dryer hook-ups, adding further convenience. All units are individually metered for utilities, allowing for efficient and straightforward management. The property’s two buildings have had their roofs replaced in 2016 and 2017, ensuring durability and reducing future maintenance costs.
Parking is ample with a gravel lot off the alley, and tenants can enjoy a large, well-maintained community yard. Lawn maintenance, handled by the owner, keeps the property looking its best year-round. This turnkey investment opportunity promises consistent rental income with minimal hassle.
Whether you’re looking to expand your portfolio or secure a reliable, low-maintenance investment, this property in Winter Haven offers strong returns and significant upside potential. The strategic location, modern upgrades, and solid rental income make it a standout opportunity. Act quickly—contact us today to schedule a viewing and take the first step toward owning this outstanding investment property!
Unlock the potential of this exceptional income-producing property! Nestled just up the street from the scenic Lake Howard, this 5-unit complex is ideally situated near an array of local amenities, making it highly attractive to tenants and investors alike.
This fully occupied property comprises five well-maintained units: one spacious 2-bedroom unit renting for $975/month, three 1-bedroom units renting for $750, $925, and $950/month respectively, and one 1-bedroom unit with an expansive bonus room renting for $900/month. The total rental income is an impressive $4,500 each month, providing a strong and steady cash flow. With four tenants on month-to-month leases offering flexibility and one on long-term leases ensuring stability, this property combines security with adaptability.
Each unit has been recently upgraded, featuring modern kitchens and bathrooms that enhance tenant satisfaction and retention. Two units are equipped with washer/dryer hook-ups, adding further convenience. All units are individually metered for utilities, allowing for efficient and straightforward management. The property’s two buildings have had their roofs replaced in 2016 and 2017, ensuring durability and reducing future maintenance costs.
Parking is ample with a gravel lot off the alley, and tenants can enjoy a large, well-maintained community yard. Lawn maintenance, handled by the owner, keeps the property looking its best year-round. This turnkey investment opportunity promises consistent rental income with minimal hassle.
Whether you’re looking to expand your portfolio or secure a reliable, low-maintenance investment, this property in Winter Haven offers strong returns and significant upside potential. The strategic location, modern upgrades, and solid rental income make it a standout opportunity. Act quickly—contact us today to schedule a viewing and take the first step toward owning this outstanding investment property!
Property Details
Price:
$550,000
MLS #:
L4945479
Status:
Active
Beds:
0
Baths:
0
Address:
631 AVENUE H NW
Type:
Multi Family
Subdivision:
VILLA PARK OR STONE & MANNS
Neighborhood:
33881 – Winter Haven / Florence Villa
City:
WINTER HAVEN
Listed Date:
Jun 14, 2024
State:
FL
Finished Sq Ft:
3,785
Total Sq Ft:
3,785
ZIP:
33881
Lot Size:
12,502 sqft / 0.29 acres (approx)
Year Built:
1920
Units:
5
Schools
Interior
Appliances
Refrigerator
Cooling
Wall/ Window Unit(s)
Heating
Wall Units / Window Unit
Laundry Features
Other
Exterior
Construction Materials
Wood Frame
Exterior Features
Sidewalk, Storage
Parking Features
Off Street
Roof
Shingle
Financial
Tax Year
2023
Taxes
$1,638
Map
Community
- Address631 AVENUE H NW WINTER HAVEN FL
- SubdivisionVILLA PARK OR STONE & MANNS
- CityWINTER HAVEN
- CountyPolk
- Zip Code33881
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Courtesy of THE AGENCY REALTY GROUP LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved.
631 AVENUE H NW
WINTER HAVEN, FL
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