Share this with your friends
+18637036006
Signature Realty Associates
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
- 49
- MLS#
- O6436311
- Property Style
- Single Family
- Year Built
- 1955
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 1,816
- Lot Size
- 10,511
- Acres
- 0.24
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- 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!
Additional Information
- Taxes
- $3610
- Minimum Lease
- 1-7 Days
- Community Features
- No Deed Restriction
- Property Description
- One Story, Attached
- Zoning
- R-1B
- Interior Layout
- Primary Bedroom Main Floor, Thermostat
- Interior Features
- Primary Bedroom Main Floor, Thermostat
- Floor
- Laminate
- Appliances
- Refrigerator
- Utilities
- Public
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Exterior Features
- Private Entrance, Private Yard
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Garage Carport
- 1 Car Carport
- Elementary School
- John Snively Elem
- Middle School
- Denison Middle
- High School
- Winter Haven Senior
- Pets
- Allowed
- Pet Size
- Extra Large (101+ Lbs.)
- Flood Zone Code
- X
- Parcel ID
- 26-28-28-610700-000090
- Legal Description
- FANNING SUBDIVISION PB 35 PG 16 LOT 9
Listing courtesy of LPT REALTY, LLC. 877-366-2213
Mortgage Calculator
StellarMLS is the source of this information via Internet Data Exchange Program. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Data last updated on