405 Avenue M NE, Winter Haven, FL, 33881 | $294,900

**CASH FLOWING****FREE HOME WARRANTY-CLEAN 4 POINT AND WIND MIT PLUS SURVEY ATTACHED TO MLS- BLOCK DUPLEX REMODELED- Discover this beautifully renovated duplex, nestled in a quiet neighborhood of Winter Haven, featuring two spacious 1-bedroom, 1-bathroom units. One unit is rented at $1200 dollar per month tenant paying electric with a 1 year lease. Each unit boasts its own PRIVATE PORCH, perfect for relaxing after a long day. Some of the updates include: NEW ROOF (2024) (10 year workmanship warranty transferable to the buyer/15 year unlimited wind rating on the roof) A/C UNITS- MINI SPLITS (2024), NEW TANKLESS WATER HEATERS (2024), and ALL NEWER STAINLESS STEEL APPLIANCES (2024). This property is move-in ready and ensures low maintenance for years to come. Both units have fresh INTERIOR/EXTERIOR PAINT (2024), NEW LUXURY VINYL PLANK FLOORING (2024), NEW LIGHT FIXURES THROUGH OUT, REMODELED BATHROOMS (2024), CEILING FANS, CLOSET ORGANIZERS AND MORE! Both units have SEPARATE ELECTRIC METERS—tenants cover their own electric, while the property features a single water meter and the owner is responsible for the water. A shared LAUNDRY ROOM in the back with free WASHER/DRYER for the tenants adds convenience, along with a fully FENCED YARD= NEW LANDSCAPING (2024) offering privacy and security. Each unit also has access to INDIVIDUAL STORAGE UNITS located behind the building, as well as PRIVATE DRIVEWAYS for easy parking. This duplex is a fantastic option for investors or owner-occupants looking for steady rental income. ALSO HOUSE HACK- LIVE IN ONE SIDE AND LET YOUR TENANT PAY YOUR MORTGAGE! PROPERTY MANAGEMENT COMPANY AVAILABLE AT 5%- UNITS ARE LISTED FOR RENT AND CAN BE RENTED IF BUYER PREFERS- Don't miss out—this opportunity won’t last long! Reach out for more details!

Features

  • Bedrooms: 2
  • Units: 2
  • Lot Size: 50 x 160
  • Laundry: Common Area, Laundry Room, Outside
  • Year Built: 1955
  • Heating: Electric
  • Cooling: Mini-Split Unit(s)
  • Approx Sq. Feet: 1,131
  • Acreage: 0.18
  • Lot Size: 50 x 160
  • Est. Taxes: $901
  • Elem. School: Garden Grove Elem
  • Middle School: Denison Middle
  • High School: Winter Haven Senior
  • MLS#: TB8301634
  • Days on Market: 48 days
  • Website: https://www.raveis.com
    /prop/TB8301634/405avenuemne_winterhaven_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/5/2024 9:47:06 PM)
Listing courtesy of REAL BROKER, LLC   Phone: 407-279-0038

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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405 Avenue M NE, Winter Haven, FL, 33881

$294,900

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $235,920 $235,920 $235,920
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.563% 7.159% 6.276%
Monthly Tax Payment $75 $75 $75
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,570 $1,568 $1,990
Total Monthly Payment $1,720 $1,718 $2,140

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.