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.
204 Bennett STREET NE, Winter Haven, FL, 33881
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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