1201 5th Street Ne, Winter Haven, FL 33881

$251,962
4
BD
3
BA
2,040
SqFt

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Sold Price
$251,962
List Price
$275,000
Status
Sold
Days on Market
10
Closing Date
Mar 30, 2026
MLS#
L4959458
Property Style
Duplex
Year Built
1945
Bedrooms
4
Bathrooms
3
Living Area
2,040
Lot Size
9,187
Acres
0.21
Total Acreage
0 to less than 1/4
Legal Subdivision Name
Silvercrest Add
MLS Area Major
Winter Haven / Florence Villa

Property Description

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.

Additional Information

Taxes
$2217
Annual Gross Income
28440
Community Features
No Deed Restriction
Property Description
One Story
Zoning
R-1C
Interior Layout
Other
Interior Features
Other
Floor
Luxury Vinyl
Appliances
Freezer, Range, Range Hood, Refrigerator
Utilities
Electricity Connected, Sewer Connected
Heating
Central
Air Conditioning
Central Air
Exterior Construction
Block, Stucco
Exterior Features
Other
Roof
Shingle
Foundation
Block
Pool
No Pool
Garage Carport
2 Car Carport
Elementary School
Garden Grove Elem
Middle School
Denison Middle
High School
Winter Haven Senior
Flood Zone Code
X
Parcel ID
26-28-21-584100-011060
Legal Description
SILVERCREST ADD UNIT 2 PB 22 PGS 18 & 18A BLK 11 LOT 6

Listing courtesy of BTW PROPERTIES OF LAKELAND. 863-944-4974

Selling Office: BTW PROPERTIES OF LAKELAND.

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