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!
| MLS # | O6436311 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1955 |
| Days On Site | 50 |
| Listing Provided By | LPT REALTY, LLC | Nomar Rosa |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,816 |
| Car Port | Yes |
| Story(s) | 1 |
| Zoning | R-1B |
| Acreage | 0.24 |
| Property | 3610 |
|---|
| State | FL |
|---|---|
| County | Polk |
| City | WINTER HAVEN |
| Zip Code | 33880 |
| Area | 33880 Winter Haven | Eloise | JPV | Wahnetta |
| Community Name | FANNING SUB |
| School District | Winter Haven Senior |
| Elementary School | John Snively Elem |
| High School | Winter Haven Senior |
| Listing VS Median (in FANNING SUB) | |
Price: $319,900 low | high Med: $160,750 sqft: 1,816 low | high Med: 1,434 $ / sqft: $176 low | high Med: $89 On site: 50 low | high Med: 42.5 | |
| State | FL |
|---|---|
| County | Polk |
| City | WINTER HAVEN |
| Zip Code | 33880 |
| Area | 33880 Winter Haven | Eloise | JPV | Wahnetta |
| Community Name | FANNING SUB |
| School District | Winter Haven Senior |
| Elementary School | John Snively Elem |
| High School | Winter Haven Senior |
| Listing VS Median (in FANNING SUB) | |
Price: $319,900 low | high Med: $160,750 sqft: 1,816 low | high Med: 1,434 $ / sqft: $176 low | high Med: $89 On site: 50 low | high Med: 42.5 | |