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863-412-7121
KB Realty Team
1201 5th Street Ne, Winter Haven, FL 33881
- $251,962
- 4
- BD
- 3
- BA
- 2,040
- SqFt
- 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.
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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
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