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Multi Family - GIFFORDS SURV

NW, WINTER HAVEN, FL 33881

Sold Price$825,000 Asking Price$849,900

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  • Days on market:

    19 day(s)
  • Original Price:

    $849,900
  • Price per sqft:

    $74.08
  • Tax Legal Description:

    GIFFORDS SURVEY PB 2 PG 30 LOTS 7 W 70 FT & W 70 FT OF 8
  • Tax Year:

    2018
  • Property Type:

    Multi Family
  • Parking:

    13 to 18 Spaces
  • Construction Type:

    Other Stucco
  • Roof:

    Shingle
  • Cooling Description:

    Central AirWall/Window Unit(s)
  • Heating Description:

    CentralWall Units / Window UnitNatural Gas
  • Floor Description:

    CarpetOther
  • Special Listing Conditions:

    None
  • Lot Features:

    Corner Lot

Description

$849,900 • living size area 11472 sqft

Six figure income potential! annual gross and net income is for 15 units; does not include the 2-bedroom 2 bath single-family home that will require repairs before occupancy. also, one of the apartments is used as an office, rather than renting it. additionally, many of the units have not had recent rent increases, plus there is a vacant lot. very well-maintained property with off-street parking and coin laundry, many of the tenants have happily lived here for years. fabulous location near downtown and the soon to be built pier on lake howard, in a cra and opportunity zone area. situated on 6 lots across the street from a quality medical facility and condos, both fronting lake howard, which is on the chain of lakes in winter haven, fl. the city continues to enhance this area with more and improved sidewalks, decorative street lighting, waterfront parks with seating, and docks. some units have gas ranges and/or gas water heaters, some have a fireplace. extremely important-do not disturb tenants. do not walk the property without calling the agent. tenants do not know that the property is being marketed.

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