Well-maintained income property featuring a 3-bedroom / 2-bath main residence plus a detached 1-bedroom / 1-bath unit with private entrance. The property has been operated as a rental by the current owner and offers immediate income with upside potential.
The main home features fresh interior paint, durable tile flooring throughout, a large indoor laundry/storage area, and recent upgrades including a newer roof, energy-efficient windows, updated flooring, and new plumbing fixtures (including a newly installed bathtub).
Current annual gross income is $28,440 ($2,370/month), with estimated annual market rent of $31,200. Annual net income is approximately $21,312, based on projected 12 months of rent.
Monthly operating expenses average approximately $594, including:
Property taxes: ~$2,130 annually
Insurance: ~$2,600 annually
Typical repairs: ~$200/month
Water paid by landlord and reimbursed by tenant
Tenants pay electricity and trash collection, and handle lawn care.
Lease terms are gross with a current 12-month lease in place.
Ideally located less than five minutes from Polk State College, Winter Haven Hospital, Publix, and numerous restaurants and services - offering strong rental demand and convenient access to major roadways.
Buyers are encouraged to independently verify zoning, unit count, and intended use with local authorities.
Excellent opportunity for investors seeking a stabilized duplex with future rent growth potential in a desirable Winter Haven location.
Property Features
Utilities
Electricity Connected
Sewer Connected
Cooling Information
Central Air
Heating Information
Central
Water Features
Public
House Interior
Other
School Information
School Information for 1201 5TH NE STREET, WINTER HAVEN, FL 33881
Elementary School
Garden Grove Elem
Middle School
Denison Middle
High School
Winter Haven Senior
Listing Courtesy: BTW PROPERTIES OF LAKELAND - 863-944-4974