1201 5TH STREET NE at

1201 5TH STREET NE

For sale Days on market 10

$275,000

$135/sq ft

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Overview

Bedroom

Year Built

1945

Sqft

2040

Property Type

Duplex

Property 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.

Property Details

MLS#

L4959458

Address

1201 5TH

City

Winter Haven

State/county

Zip/Postal Code

33881

Area

Silvercrest Add

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$2,217

Maint Fee

$--

Tax Year

2025

Freezer

Range

Range Hood

Refrigerator

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