Active

$550,000

Features:
  • 0 Bedrooms
  • 0 Bathrooms
  • 3569 sq ft
Overview
  • ID: MFRL4945479
  • Bedrooms: 0
  • Bathrooms: 0
  • Size: 3569 sq ft
Property Details
Remarks
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!
Financial Considerations
Price:
$550,000
HOA Fee:
N/A
Tax Amount:
$1638
Price per SqFt:
$154.1
Tax Legal Description:
VILLA PARK OR STONE & MANNS SUB PB 2 PGS 51 & 46 BLK D LOT 23 LESS W 12 FT & LOT 24
Exterior Features
Lot Size:
12502
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
Off Street
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
0
Bathrooms:
0
Heating:
Wall Units / Window Unit
Cooling:
Wall/Window Unit(s)
Appliances:
Refrigerator
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Multi-Family
Style:
N/A
Year Built:
1920
Construction Type:
Wood Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Sidewalk, Storage
Additional Features 2:
N/A
Map
  • Address
    631 AVENUE H NW
Contact a Professional
Why Choose Us?
  • Communication and Transparency
  • Skilled Negotiation
  • Robust Professional Network
  • After-Sale Support
Featured Properties

Related Properties

avt
Daniel Dourado
$ 333,000
avt
Daniel Dourado
$ 995,000
avt
Daniel Dourado
$ 1,565,190
avt
Daniel Dourado
$ 1,300,000
avt
Daniel Dourado
$ 1,490,000
avt
Daniel Dourado
$ 315,000
avt
Daniel Dourado
$ 420,000
avt
Daniel Dourado
$ 630,000
avt
Daniel Dourado
$ 239,900
img
  • Featured
  • Active
Multi-Family

2604 GRAND CENTRAL PKWY #12

  • 3
  • 2
  • 136 m²
avt
Daniel Dourado
$ 289,000
avt
Daniel Dourado
$ 950,000
img
  • Featured
  • Active
Multi-Family

124 S CHARLES RICHARD BEALL BLVD

  • 0
  • 0
  • 293 m²
avt
Daniel Dourado
$ 1,200,000