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Timber & Tide Realty
501 Avenue G Se, Winter Haven, FL 33880
- $319,900
- 4
- BD
- 2
- BA
- 1,816
- SqFt
- List Price
- $319,900
- Status
- ACTIVE
- Days on Market
- 71
- MLS#
- O6436311
- Subtype
- Residential
- Style
- One Story, Attached
- Year Built
- 1955
- Bedrooms
- 4
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 1,816
- Lot Size
- 10,511
- Acres
- 0.24
- Subdivision
- Fanning Sub
- MLS Area Major
- Winter Haven/Eloise/JPV/Wahnetta
Property Description
FULLY RENTED INVESTMENT PROPERTY + $2,845 MONTHLY RENTAL INCOME + NO HOA! Welcome to 501 Avenue G SE, Winter Haven, FL 33880, an INCOME-PRODUCING MULTI-FAMILY INVESTMENT OPPORTUNITY offering immediate cash flow for investors looking to expand their rental portfolio! This unique single-family property, GRANDFATHERED FOR MULTI-FAMILY USE, features TWO SEPARATE, FULLY OCCUPIED RENTAL UNITS generating a combined $2,845 PER MONTH OR $34,140 IN ANNUAL GROSS RENTAL INCOME! Situated on a LARGE LOT, both residences feature PRIVATE ENTRANCES AND SEPARATE YARD AREAS, providing privacy and convenience for tenants. The front residence offers 3 BEDROOMS, 1 BATHROOM, laminate flooring, and a dedicated laundry room, currently rented for $1,625 PER MONTH. The rear residence features 1 BEDROOM, 1 BATHROOM, currently rented for $1,220 PER MONTH. With 100% OCCUPANCY AND EXISTING RENTAL INCOME, this property provides an opportunity to acquire an established rental asset without the immediate need to secure tenants. Investors seeking ADDITIONAL VALUE-ADD POTENTIAL may explore reconfiguring the existing layout to create a middle studio-style living space while converting the front residence into a 2-bedroom, 1-bathroom unit, subject to applicable approvals and permitting. With NO HOA, TWO EXISTING INCOME-PRODUCING UNITS, A LARGE LOT, AND POTENTIAL FOR FUTURE RENTAL GROWTH, this property offers an attractive opportunity for both seasoned investors and those building their real estate portfolios. PROPERTY IS BEING SOLD AS-IS WITH EXISTING TENANTS IN PLACE. Whether you're seeking PASSIVE RENTAL INCOME, LONG-TERM CASH FLOW, PORTFOLIO EXPANSION, OR A VALUE-ADD INVESTMENT, this fully occupied property is ready to become your next income-producing asset!
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Additional Information
- Interior Features
- Primary Bedroom Main Floor, Thermostat
- Exterior Features
- Private Entrance, Private Yard
- Financing
- Cash, Conventional, FHA, VA Loan
- Community Features
- No Deed Restriction
- Property Description
- One Story, Attached
- Zoning
- R-1B
- Appliances
- Refrigerator
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Exterior Features
- Private Entrance, Private Yard
- Stories
- 1
- Levels
- One
- Roof
- Shingle
- Foundation
- Slab
- Garage
- 1 Car Carport
- Elementary School
- John Snively Elem
- Middle School
- Denison Middle
- High School
- Winter Haven Senior
Listing courtesy of LPT REALTY, LLC. 877-366-2213
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