Active

$674,900

Features:
  • 0 Bedrooms
  • 6 Bathrooms
  • 2400 sq ft
Overview
  • ID: MFRTB8405572
  • Bedrooms: 0
  • Bathrooms: 6
  • Size: 2400 sq ft
Property Details
Remarks
**100 PERCENT OCCUPIED**Turnkey 6-unit studio apartment building on a corner lot in Winter Haven – 100% occupied and fully remodeled! All units have been upgraded with NEW INTERIOR PAINT, NEW APPLIANCES, NEW CABINETS, NEW COUNTERTOPS, NEW TRIM, NEW FLOORING, NEWER VINYL WINDOWS, NEW CEILING FANS, and MODERN LIGHT FIXTURES. Each unit features its own FRONT PORCH, IN-UNIT LAUNDRY WITH FRONT-LOADING WASHER & DRYER, and DESIGNATED PARKING SPACE (1 per unit). Tenants pay their own ELECTRIC AND WATER, while the owner only pays approximately $109/MONTH FOR LANDSCAPING. The property also includes a STORAGE SHED, NEW MINI SPLIT A/C SYSTEMS IN EACH UNIT, ROOF REPLACED IN 2022, and a FRESHLY PAINTED EXTERIOR. Property management is already in place for just 5% OF GROSS MONTHLY INCOME, making this a true TURNKEY INVESTMENT OPPORTUNITY. Conveniently located near DOWNTOWN WINTER HAVEN, LEGOLAND FLORIDA, MAJOR SHOPPING CENTERS, RESTAURANTS, and HIGHWAY ACCESS, this property sits in the heart of one of Central Florida’s fastest-growing markets. Winter Haven is known for its CHAIN OF LAKES, VIBRANT REVITALIZATION PROJECTS, and increasing demand for rental housing, making this a prime opportunity for both cash flow and long-term appreciation. Best of all, this property is NOT LOCATED IN A FLOOD ZONE, helping keep insurance costs lower and making it even more attractive for investors.
Financial Considerations
Price:
$674,900
HOA Fee:
N/A
Tax Amount:
$4268.43
Price per SqFt:
$281.21
Tax Legal Description:
SILVERCREST ADD UNIT 2 PB 22 PGS 18 & 18A BLK 13 LOTS 10 & S1/2 OF 11
Exterior Features
Lot Size:
11177
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
Assigned
Roof:
Other
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
0
Bathrooms:
6
Heating:
Ductless
Cooling:
Ductless
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1955
Construction Type:
Block, Concrete
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Storage
Additional Features 2:
N/A
Map
  • Address
    351 AVENUE N NE
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