$275,000
Pending · 10 days on market · MLS# MFRL4959458
| Bedrooms | 4 |
|---|---|
| Living area | 2,040 sq ft |
| Lot size | 0.21 acres |
| Year built | 1945 |
| Property type | Duplex |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $2,218 |
| County | Polk |
Under contract-accepting backup offers. Well-maintained income property featuring a 3-bedroom / 2-bath main residence plus a detached 1-bedroom / 1-bath unit with private entrance. The property has been operated as a rental by the current owner and offers immediate income with upside potential. The main home features fresh interior paint, durable tile flooring throughout, a large indoor laundry/storage area, and recent upgrades including a newer roof, energy-efficient windows, updated flooring, and new plumbing fixtures (including a newly installed bathtub). Current annual gross income is $28,440 ($2,370/month), with estimated annual market rent of $31,200. Annual net income is approximately $21,312, based on projected 12 months of rent. Monthly operating expenses average approximately $594, including: Property taxes: ~$2,130 annually Insurance: ~$2,600 annually Typical repairs: ~$200/month Water paid by landlord and reimbursed by tenant Tenants pay electricity and trash collection, and handle lawn care. Lease terms are gross with a current 12-month lease in place. Ideally located less than five minutes from Polk State College, Winter Haven Hospital, Publix, and numerous restaurants and services - offering strong rental demand and convenient access to major roadways. Buyers are encouraged to independently verify zoning, unit count, and intended use with local authorities. Excellent opportunity for investors seeking a stabilized duplex with future rent growth potential in a desirable Winter Haven location.
Listing courtesy of George Waller, JR, BTW PROPERTIES OF LAKELAND. Presented by MC Homes Realty Inc · 727432218.