Rental Package
740 Avenue B Sw, Winter Haven, FL
14.71% return
SP:
Video Photos Street View Map
The slide show is now full screen. Push Escape to exit. You can use the left/right arrows and Home/End buttons to navigate the images.
Slideshow image 1
Slideshow image 2
Slideshow image 3
Slideshow image 4
Slideshow image 5
Slideshow image 6
Slideshow image 7
Slideshow image 8
Slideshow image 9
Slideshow image 10
Slideshow image 11
Slideshow image 12
Slideshow image 13
Slideshow image 14
Slideshow image 15
Slideshow image 16

Property Description

HOTT NEW LISTING!! Great money maker. Very well maintained property. Rented way below market value, rents can be increased as rental comparables come in at $700 or so. One more unit can be added to the back building. Separate electrical meters. City water and sewer. Located in a very nice part of town.

Property Information

  • Listing statusSold
  • Property typeMulti Family
  • Total units7
  • Total bedrooms8
  • Total bathrooms7
  • Building size22425 sq. ft.
  • Lot size0.0 acres
  • Year built1925 - 1960
  • CountyPolk County
  • Subdivision633000
  • ConstructionCBS, Frame
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingWindow Unit
  • CoolingWindow A/C

Property Financial Summary

  • Sale price$259,900
  • Estimated rehab1$0
  • Total investment$259,900
  • TypeProforma
  • Gross income (annually)$47,400
  • Operating expenses (annually)$9,163
  • Net income (annually)$38,237
  • Gross return18.24%
  • Gross income (monthly)$3,950
  • Operating expenses (monthly)$764
  • Net income (monthly)$3,186
  • Net return14.71%

Property Income & Expenses

  • Income
  • DUPLEX
  • Unit 6: 1 bed / 1 bath$550/month$6,600/year
  • Unit 7: 1 bed / 1 bath$550/month$6,600/year
  • QUADPLEX
  • Unit 1: 1 bed / 1 bath$550/month$6,600/year
  • Unit 2: 1 bed / 1 bath$550/month$6,600/year
  • Unit 3: 1 bed / 1 bath$550/month$6,600/year
  • Unit 4: 1 bed / 1 bath$550/month$6,600/year
  • SINGLE FAMILY
  • Unit 5: 2 bed / 1 bath$650/month$7,800/year
  • Total$3,950/month$47,400/year
  • Expenses
  • Property Taxes$192/month$2,303/year
  • Insurance$167/month$2,000/year
  • Water bill$250/month$3,000/year
  • Lawn care$30/month$360/year
  • Maintenance reserve$125/month$1,500/year
  • Total$764/month$9,163/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

Property Tools

 Print
Copyright by Real Pro, Inc 2024 . All Rights Reserved.