$1,200,000
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.
Listed by David Reyes, .
Property Highlights
- Acres: 1.98
- County: Polk
- Year Built: 1970
- Cooling Type: Wall/Window Unit(s)
- Property Type: Commercial, Multi Family
- MLS #: P4929989
Property Features
| Construction Materials | Block |
| Cooling | Wall/Window Unit(s) |
| Interior Square Footage | 6,511 |
| Lot Size Acres | 1.98 |
| Lot Size Square Feet | 86,183 |
| Roof | Shingle |
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