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Gelfand Realty Miami Properties - Multi Family

140 AVE W NW, WINTER HAVEN, FL 33881

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Multi Family - FLORENCE CITRUS GROWERS ASSN SUB

140 AVE W NW, WINTER HAVEN, FL 33881

Sold Price$160,000 Asking Price$172,999

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  • Days on market:

    16 day(s)
  • Original Price:

    $172,999
  • Price per sqft:

    $67.24
  • Tax Legal Description:

    FLORENCE CITRUS GROWERS ASSN SUB PB 6 PG 11 S16/17 T28 R26 BLK Q LOT 3
  • Tax Year:

    2018
  • Property Type:

    Multi Family
  • Parking:

    Off Street
  • Construction Type:

    Brick
  • Roof:

    Shingle
  • Cooling Description:

    Central Air
  • Heating Description:

    Central
  • Exterior Features:

    Sidewalk
  • Special Listing Conditions:

    None

Description

$172,999 • living size area 2573 sqft

Northwest villas | brick triplex built in 1974. 100% leased and managed by professional management firm. each unit leased at $525 per month with room for growth to $599/unit/month. tenants pay all utilities. located in gateway market with strong demographics and demand drivers to tampa and orlando. year 1 cap rate of 9.28% projected with rent increases at renewal. cost analysis performed as rental property in: rent - $18,900.00 out: (annual) property taxes - $2,063.00 (annual) estimated insurance - $1,311.00 (annual) property management (optional) - $1,134.00 (annual) estimated utilities/lawn/misc. $840.00 total costs - $5,348.00 net: $13,552.00 earn: total yearly net equates to - $13,552.00 total monthly gross equates to - $1,575.00 highlights 100% occupied | solid, brick construction professionally managed room for rent growth

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