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$1,200,000
Est. payment /mo
6,511 SqFt
UPDATED:
12/14/2024 06:47 AM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 6,511 sqft
Price per Sqft $184
MLS Listing ID P4929989
HOA Y/N No
Originating Board Stellar MLS
Year Built 1970
Annual Tax Amount $6,447
Lot Size 1.980 Acres
Acres 1.98
Property Description
Winter Haven Income Investment Opportunity with potential for growth, expansion, rent increase, and even redevelopment.
This 1.98+/- acre property consists of 9 fully rented single family homes with an onsite caretaker. Each unit consists of 667+/- Sq Ft to 768 +/- Sq ft with 2 beds 1 bath.
R-3 Zoning allows for a maximum of 10 units per 1 acre meaning there is potential for 19 units on this 1.98+/- Acre plot of land. The new owner could also have the option of building up to four stories, building larger units, and even an apartment complex.
Across the street from Lake Maude, some tenants here can enjoy a lake view, a quick trip to Lake Maude Recreation Park, or even a delicious meal at Big Daddy's BBQ.
All uses, zoning, and development plans to be verified by the county by buyer.
DO NOT DISTURB TENANTS.
This 1.98+/- acre property consists of 9 fully rented single family homes with an onsite caretaker. Each unit consists of 667+/- Sq Ft to 768 +/- Sq ft with 2 beds 1 bath.
R-3 Zoning allows for a maximum of 10 units per 1 acre meaning there is potential for 19 units on this 1.98+/- Acre plot of land. The new owner could also have the option of building up to four stories, building larger units, and even an apartment complex.
Across the street from Lake Maude, some tenants here can enjoy a lake view, a quick trip to Lake Maude Recreation Park, or even a delicious meal at Big Daddy's BBQ.
All uses, zoning, and development plans to be verified by the county by buyer.
DO NOT DISTURB TENANTS.
Location
State FL
County Polk
Zoning R-1
Direction NE
Interior
Cooling Wall/Window Unit(s)
Exterior
Roof Type Shingle
Building
Foundation Slab
Lot Size Range 1 to less than 2
Structure Type Block
New Construction false
Others
Ownership Sole Proprietor
Special Listing Condition None
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© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by KELLER WILLIAMS REALTY SMART 1
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