631 Avenue H Nw


About this property

Prime Investment Opportunity in Winter Haven! Unlock the potential of this exceptional income-producing property! Nestled just up the street from the scenic Lake Howard, this 5-unit complex is ideally situated near an array of local amenities, making it highly attractive to tenants and investors alike. This fully occupied property comprises five well-maintained units: one spacious 2-bedroom unit renting for $975/month, three 1-bedroom units renting for $750, $900, and $950/month respectively, and one 1-bedroom unit with an expansive bonus room renting for $900/month. The total rental income is an impressive $4,475 per month, providing a strong and steady cash flow. With four tenants on month-to-month leases offering flexibility and one on long-term leases ensuring stability, this property combines security with adaptability. Each unit has been recently upgraded, featuring modern kitchens and bathrooms that enhance tenant satisfaction and retention. Two units are equipped with washer/dryer hook-ups, adding further convenience. All units are individually metered for utilities, allowing for efficient and straightforward management. The property's two buildings have had their roofs replaced in 2016 and 2017, ensuring durability and reducing future maintenance costs. Parking is ample with a gravel lot off the alley, and tenants can enjoy a large, well-maintained community yard. Lawn maintenance, handled by the owner, keeps the property looking its best year-round. This turnkey investment opportunity promises consistent rental income with minimal hassle. Whether you're looking to expand your portfolio or secure a reliable, low-maintenance investment, this property in Winter Haven offers strong returns and significant upside potential. The strategic location, modern upgrades, and solid rental income make it a standout opportunity. Act quicklycontact us today to schedule a viewing and take the first step toward owning this outstanding investment property!

Features and Additional Information

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$575,000 Active
3,569 SQFT

Presented By Bridge Point Business and Real Estate Advisor

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Area Information

33881 Winter Haven | Florence Villa | Polk County | VILLA PARK OR STONE & MANNS

$ 575,000
This listing is play_arrow 3.1% higher than the average in the area
$ 557,500 in the area
3,569 SqFt
This listing is play_arrow 19.1% larger than the average in the area
2,998 SqFt in the area
$ 161 $/SqFt
This listing is play_arrow 16.0% less than the average in the area
$ 192 $/SqFt in the area
37 days on site
This listing is play_arrow 70.8% below the average in the area
127 days on site in the area

Schools in the Area

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Listed By Stephanie Wagenbach

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