Description
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.
Address
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Address: 1201 5TH NE STREET
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City: Winter Haven
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State/county: FL
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Zip/Postal Code: 33881
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Country: US
Details
Atualizado em março 25, 2026 no 8:22 pm-
Property ID L4959458
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Price $275,000
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Land Area 0.21 m²
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Bedrooms 4
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Bathrooms 3
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Garage Size x x
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Year Built 1945
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Property Type Duplex, Residential Income
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Property Status Pending, For Sale
Additional details
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Listing Terms Cash,Conventional,FHA,USDA Loan,VA Loan
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Roof Shingle
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Utilities Electricity Connected,Sewer Connected
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Sewer Public Sewer
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Cooling Central Air
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Heating Central
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Flooring Luxury Vinyl
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County Polk
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Property Type Residential Income
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Elementary School Garden Grove Elem
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Middle School Denison Middle
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High School Winter Haven Senior
Features
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Down Payment
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Loan Amount
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Property Tax
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Home Insurance
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PMI
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Monthly HOA Fees