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Ben Aicher

benaicherrealtor@gmail.com +1(614) 563-2908

$319,900

Est. payment - /mo

4 Beds

2 Baths

1,816 SqFt

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,816 sqft

Price per Sqft $176

Subdivision Fanning Sub

MLS Listing ID O6436311

Bedrooms 4

Full Baths 2

HOA Y/N No

Year Built 1955

Annual Tax Amount $3,610

Lot Size 10,454 Sqft

Acres 0.24

Property Sub-Type Single Family Residence

Source Stellar MLS

Property Description

FULLY RENTED INVESTMENT PROPERTY + $2,845 MONTHLY RENTAL INCOME + NO HOA! Welcome to 501 Avenue G SE, Winter Haven, FL 33880, an INCOME-PRODUCING MULTI-FAMILY INVESTMENT OPPORTUNITY offering immediate cash flow for investors looking to expand their rental portfolio! This unique single-family property, GRANDFATHERED FOR MULTI-FAMILY USE, features TWO SEPARATE, FULLY OCCUPIED RENTAL UNITS generating a combined $2,845 PER MONTH OR $34,140 IN ANNUAL GROSS RENTAL INCOME! Situated on a LARGE LOT, both residences feature PRIVATE ENTRANCES AND SEPARATE YARD AREAS, providing privacy and convenience for tenants. The front residence offers 3 BEDROOMS, 1 BATHROOM, laminate flooring, and a dedicated laundry room, currently rented for $1,625 PER MONTH. The rear residence features 1 BEDROOM, 1 BATHROOM, currently rented for $1,220 PER MONTH. With 100% OCCUPANCY AND EXISTING RENTAL INCOME, this property provides an opportunity to acquire an established rental asset without the immediate need to secure tenants. Investors seeking ADDITIONAL VALUE-ADD POTENTIAL may explore reconfiguring the existing layout to create a middle studio-style living space while converting the front residence into a 2-bedroom, 1-bathroom unit, subject to applicable approvals and permitting. With NO HOA, TWO EXISTING INCOME-PRODUCING UNITS, A LARGE LOT, AND POTENTIAL FOR FUTURE RENTAL GROWTH, this property offers an attractive opportunity for both seasoned investors and those building their real estate portfolios. PROPERTY IS BEING SOLD AS-IS WITH EXISTING TENANTS IN PLACE. Whether you're seeking PASSIVE RENTAL INCOME, LONG-TERM CASH FLOW, PORTFOLIO EXPANSION, OR A VALUE-ADD INVESTMENT, this fully occupied property is ready to become your next income-producing asset!

Location

State FL

County Polk

Community Fanning Sub

Area 33880 - Winter Haven/Eloise/Jpv/Wahnetta

Zoning R-1B

Direction SE

Interior

Interior Features Primary Bedroom Main Floor, Thermostat

Heating Central

Cooling Central Air

Flooring Laminate

Furnishings Unfurnished

Fireplace false

Appliance Refrigerator

Laundry Laundry Closet, Laundry Room

Exterior

Exterior Feature Private Entrance, Private Yard

Utilities Available Public

View Y/N No

Water Access No

Roof Type Shingle

Attached Garage true

Exposure South

Garage false

Private Pool No

Building

Story 1

Entry Level One

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water None

Unit Floor 1

Structure Type Block

New Construction false

Schools

Elementary Schools John Snively Elem

Middle Schools Denison Middle

High Schools Winter Haven Senior

Others

Pets Allowed Cats OK, Dogs OK

Senior Community No

Pet Size Extra Large (101+ Lbs.)

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Num of Pet 10+

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6436311

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Listed by Nomar Rosa LPT REALTY, LLC

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Ben Aicher

+1(614) 563-2908

Realtor | Senior Agent

501 AVENUE G SE Winter Haven, FL 33880

Ben Aicher

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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501 AVENUE G SE