2319 W Cannon Ter NW - Apartments FOR SALE


Winter Haven, FL 33881- Downtown Winter Haven
$595,000 USD
407-795-4961
2319 W Cannon Ter NW, Winter Haven, FL for Sale
$595,000 USD
Apartments - FOR SALE
1/8
null | 8.6% Cap Rate

2319 W Cannon Ter NW
Winter Haven, FL 33881
Downtown Winter Haven


HIGHLIGHTS

  • Strong Annual Income: Generates $51,200 per year with additional upside by renovating Unit 1.
  • Updated & Turnkey: Two units fully renovated with modern finishes, granite countertops, and new stainless steel appliances.
  • Major Capital Improvements: New roof, fresh exterior paint, and updated interiors across units.
  • Desirable Layout & Features: Each unit offers 2 beds/1.5 baths; private vinyl-fenced backyard and on-site laundry/carport for added convenience.

OVERVIEW

Introducing a well-maintained triplex located on a serene cul-de-sac with picturesque views of Lake Cannon, presenting an exceptional investment opportunity with a potential income of $51,200—an amount that can increase with the renovation of the first unit. This property features two completely updated units and one that awaits enhancement. Unit 1 boasts 2 bedrooms and 1.5 bathrooms, with carpet in the living areas and bedrooms, tile in the kitchen and bathrooms, a primary bedroom with a half bath, and a one-car carport with laundry facilities, providing a solid foundation for future upgrades. Unit 2 is fully updated, showcasing modern wood-like tile flooring, granite countertops, brand new stainless steel appliances, new cabinets, and a luxurious full bath with new tile and cabinetry, along with a convenient stackable washer and dryer closet. Unit 3 also offers 2 bedrooms and 1.5 bathrooms, featuring elegant tile throughout, a stylish kitchen with granite countertops, new stainless steel appliances, an inviting kitchen island with seating, and fresh interior paint. The property boasts a new roof, just one year old, and has been enhanced with fresh exterior paint, adding to its curb appeal. Additionally, the private vinyl fenced backyard is ideal for gatherings and relaxation. This triplex is not just a property; it is a lifestyle opportunity waiting to be seized, especially with the potential for increased income through renovations. Schedule your private showing today and explore the possibilities of this residential income venture.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$155 USD /SF

# OF UNITS

3

PRICE/UNIT

$198,333

CAP RATE

8.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Central Florida Triplex | Winter Haven, FL

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

-

APN/PARCEL ID

26-28-19-553660-000170

ASK ABOUT THIS PROPERTY

Dylan WillisKeller Williams Realty Smart 1More Info
407-795-4961

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Dylan WillisKeller Williams Realty Smart 1More Info
407-795-4961

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.