Address
631 Avenue H NW, WINTER HAVEN, FL
Price
$ 575,000
Property Attributes
- MLS#L4945479
- TypeIncome
- CountyPOLK
- CityWINTER HAVEN
- AreaWinter Haven - Florence Villa
- NeighborhoodVilla Park Or Stone & Manns
- Zip33881
- StyleMulti Family
- Year Built1920
- Taxes$ 1638
- Price$ 575,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3569
- Lot Size0.29 Acres
Data Source:
Stellar MLS
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, $900, 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 $4,475 per 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!
| Price History | |
|---|---|
| 6/14/2024 | Listed $575,000 |
General Features
| Interior Features | Built-in Features,Ceiling Fan(s) |
|---|---|
| Sewer | Public Sewer |
| Heating | Wall Units / Window Unit |
| Cooling | Wall/Window Unit(s) |
| Utilities | Electricity Connected,Sewer Connected,Water Connected |
| Roof | Shingle |
| Appliances | Refrigerator |
| Exterior Features | Sidewalk,Storage |
| Zoning | R-3 |
| Construction Materials | Wood Frame |
| Year Built | 1920 |
| Tenant Pays | Electricity,Sewer,Trash Collection,Water |
| Property SubType | Multi Family |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Gross Income | 53700 |
| County | Polk |
| New Construction | No |
| Property Type | Residential Income |
| HOA / Comm Assn | No |
| Subdivision Name | VILLA PARK OR STONE & MANNS |
| Garage Y/N | No |
| Status | Active |
| Directions | N Lake Howard Dr,left onto Ave F NW,left onto 6th St NW,left onto Ave H NW. Property is on your right. |
| ModificationTimestamp | 2024-06-15T05:00:12.063Z |
| City | WINTER HAVEN |
| Buyer Agent Compensation | 2.5% |
| View Y/N | No |
| Senior Community Y/N | No |
| NumberOfUnitsTotal | 5 |
| MLS Area | 33881 - Winter Haven / Florence Villa |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 12502 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Land Lease Y/N | No |
| Tax Annual Amount | 1638 |
| Additional Parcels Y/N | No |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/L4945479 |
| Days on Market | 1 |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Tax Lot | 23 |
| Total Actual Rent | 4475 |
| Legal Description | VILLA PARK OR STONE & MANNS SUB PB 2 PGS 51 & 46 BLK D LOT 23 LESS W 12 FT & LOT 24 |
| Water Access Y/N | No |
| Water View Y/N | No |
| Flood Zone Code | X |
Interior Features
| Air Conditioning Y/N | Yes |
|---|---|
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Laundry Features | Other |
| LivingAreaSource | Public Records |
Exterior Features
| Parking Features | Off Street |
|---|---|
| Water Source | Public |
| Lot Size Area | 12502 |
| Foundation Details | Crawlspace,Slab |
| Number of Buildings | 2 |
| Building Area Total | 3785 |
| Lot Size Acres | 0.29 |
| Road Surface Type | Asphalt |
| Number of Separate Water Meters | 5 |
| Number of Separate Electric Meters | 5 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 33881
Price
Taxes
Visits
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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.
Updated on June 26, 2024 6:22 AM UTC
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© 2024 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is 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. Information is deemed reliable but not guaranteed.
