5 Bernie Hill Ct - Multi-Family FOR SALE


Winter Haven, FL 33880- Winter Haven/Lake Wales
$1,100,000 USD
407-267-6577
5 Bernie Hill Ct, Winter Haven, FL for Sale
$1,100,000 USD
Multi-Family - FOR SALE
1/10
null | 7.8% Cap Rate

5 Bernie Hill Ct
Winter Haven, FL 33880
Winter Haven/Lake Wales


HIGHLIGHTS

  • 9 Individual Plotted & Deeded Lots
  • Strong Cash Flow Day One
  • Significant Development Upside

OVERVIEW

100Units.com presents Spirit Lake Community a complete street of 9 individual single family home lots continuous on a cul-de-sac, a rare opportunity to own a fully occupied, income-generating community in one of Central Florida’s fastestgrowing markets. This 2.38-acre property features nine individually titled parcels, consisting of 8 two-bedroom, one-bath mobile homes and 1 single family concrete block home. All homes are equipped with central air conditioning, and the tenants pay all utilities—including electric, water, sewer, and trash—are separately metered, significantly reducing operating expenses. Currently there is an opportunity to increase the existing below-market rents. This offers day one cash f low plus significant upside through future development opportunity into a single family home community on the already individually titled and plotted lots.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$115 USD /SF

# OF UNITS

9

PRICE/UNIT

$122,222

CAP RATE

7.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Spirit Lake Community - 9 Parcels

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

25-29-11-357121-000050

ASK ABOUT THIS PROPERTY

Glenn Booker100Units.comMore Info
407-267-6577

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Glenn Booker100Units.comMore Info
407-267-6577

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