731 Avenue A SW - Multi-Family FOR SALE


Winter Haven, FL 33880- Downtown Winter Haven
$425,000 USD
863-581-0059
731 Avenue A SW, Winter Haven, FL for Sale
$425,000 USD
Multi-Family - FOR SALE
1/11
null | 7.69% Cap Rate

731 Avenue A SW
Winter Haven, FL 33880
Downtown Winter Haven


HIGHLIGHTS

  • Multifamily income producer, new Lake Howard, Winter Haven 3 units with $48,000 in annual gross income.
  • All Tenants on individual electric meters - Landlord pays for water, sewer and trash for the building.
  • Roofs replaced in 2022. All units on window HVAC units, and mini splits, however there is space in the attic to upgrade to central A/C.
  • Excellent location, close to the Chain of Lakes, restaurants, and big box retail. Only 5 minutes to thriving downtown Winter Haven.
  • Close to health facilities and less than 10 minutes to US 92. Within 20 minutes of Auburndale and 30 minutes to Lakeland.

OVERVIEW

PLEASE SEE ATTACHED PROPERTY BROCHURE FOR RENT ROLL, EXPENSES AND MORE DETAILS. Beautiful historic home with two income producing units in the main home, and a third unit in the converted garage. Near picturesque Lake Howard, Winter Haven, this is an easy to manage money maker. 3,588 SF total, with 2,888 SF in the main home and 800 SF in the garage space. All tenants are on leases, with two of the three currently month to month. Owner has done several upgrades throughout its ownership, including roofs of both structures, windows, floors, and sewer line. City of Winter Haven water and sewer, Teco for electric. Excellent location, close to the Chain of Lakes, restaurants, and big box retail. Only 5 minutes to thriving downtown Winter Haven, health facilities and less than 10 minutes to US 92. Within 20 minutes of Auburndale and 30 minutes to Lakeland.

FOR SALE DETAILS

PRICE

$425,000 USD

PRICE/SF

$213 USD /SF

# OF UNITS

3

PRICE/UNIT

$141,667

CAP RATE

7.69%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lake Howard -Winter Haven -3 Unit Multifamily

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

PAC

APN/PARCEL ID

26-28-29-632000-004230

ASK ABOUT THIS PROPERTY

Craig MorbySaunders Real EstateMore Info
863-581-0059

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Craig MorbySaunders Real EstateMore Info
863-581-0059

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