1201 5TH STREET NE, Winter Haven, FL, 33881
4 beds
1945
2,040 sqft
Under contract-accepting backup offers. 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.
Status:
Pending
Type:
Multi-family
Furnished Remarks:
Unfurnished
Laundry Remarks:
Electric Dryer Hookup, Washer Hookup
Units:
2
Subdivision:
SILVERCREST ADD
Heating:
Central
Cooling:
Central Air
Lot Size:
60 x 144
Acreage:
0.21
Est. Taxes:
$2,218
Construction
Block, Stucco
Utilities
Electricity Connected, Sewer Connected
Elementary School:
Garden Grove Elem
Middle School:
Denison Middle
High School:
Winter Haven Senior
Days on Market:
10
Appliances:
Freezer, Range, Range Hood, Refrigerator
Lease Term Type:
12 Months
MLS #:
L4959458
Community Info
School Info
Walk Score
Yelp
Listing courtesy of BTW PROPERTIES OF LAKELAND 863-944-4974