631 AVENUE H NW Active Save Request In-Person Tour Request Virtual Tour
Winter Haven,FL 33881
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,569 sqft
Price per Sqft $154
Subdivision Villa Park Or Stone & Manns
MLS Listing ID L4945479
HOA Y/N No
Originating Board Stellar MLS
Year Built 1920
Annual Tax Amount $1,638
Lot Size 0.290 Acres
Acres 0.29
Property Description
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!
Location
State FL
County Polk
Community Villa Park Or Stone & Manns
Zoning R-3
Direction NW
Interior
Interior Features Built-in Features,Ceiling Fans(s)
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Fireplace false
Appliance Refrigerator
Laundry Other
Exterior
Exterior Feature Sidewalk,Storage
Garage Off Street
Utilities Available Electricity Connected,Sewer Connected,Water Connected
Waterfront false
Roof Type Shingle
Parking Type Off Street
Garage false
Private Pool No
Building
Foundation Crawlspace,Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Wood Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None