🏡 Prime Multi-Family Investment Opportunity in Winter Haven, FL! 🌟

Polk County, Winter Haven, FL, 33881
Sold
Listed at: June 28th, 2024
Price
$375,000
ARV
$375,000
Sq. Footage
5408
Type
Multifamily
Parking
Unassigned
Year build
1973
Lot size
0.48 acres
Bedrooms
16
Bathrooms
8
Half Bathrooms
0
Summary

🏡 Prime Multi-Family Investment Opportunity in Winter Haven, FL! 🌟

8 Units


🏠 16 Bed / 8 Bath (2/1 each unit) / 4 Buildings
📏 Total Livable Area: 5,408 sqft (1,352 sqft each building) (per tax records)
🌳 Lot Size: 20,909 sqft
🏡 Year Built: 1973 (Block)

💲 Asking Price: $375,000
💰 EMD: $15,000
📈 Current Rents: $2,400 ($400 each unit - 2 vacant)
📈 Market Rents: $7,600 ($950 each unit)
📅 COE: 7/15/24

📸 View Photos Here

Property Highlights:

  • Stable Long-Term Tenants: Currently rented for $400 a month per unit. The renters have been there for more than 15 years.
  • Value-Add Opportunity: Six of the units are occupied and two are not occupied. Market rents are significantly higher at $950 per unit.

🚀 Why Invest?

  • Prime Location: Located in Winter Haven, FL, a growing area with strong rental demand.
  • High ROI Potential: Potential to increase rental income from $2,400 to $7,600 by aligning with market rents.
  • Multi-Family Investment: Eight units across four buildings provide diverse income streams and reduced vacancy risk.

📞 Contact us now to secure this fantastic multi-family investment opportunity!


DISCLAIMER:

This company has a direct contract with the seller. Legal action will be taken against anyone who contacts the seller directly. The property is sold as-is, with the buyer responsible for all closing and escrow costs. Buyers must conduct their own due diligence. No guarantees are made regarding property condition, value, or benefits. This is an assignment of contract with exclusive rights to purchase. We are not brokers and do not represent the seller. Contacting the owner without our consent will result in legal action. Buyers should verify all permits and information with the city/county building department.

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Helena Wu

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Disposition manager