1201 5TH STREET NE

WINTER HAVEN , FL 33881

MLS#: L4959458

$275,000

Status: Active

Listing number: L4959458

Listing provided by: BTW PROPERTIES OF LAKELAND

Listing agent phone: None

Last update: 6 days ago

On site: 7 days ago

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Property

Beds

Full Baths

None

1/2 Baths

None

Year Built

1945

Sq.Footage

2,040

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.

Features & Amenities

Interior

Other Interior Features

Other
Total Bedrooms

4
Bathrooms

N/A
Cooling YN

YES
Cooling

Central Air
Fireplace YN

NO
Heating YN

YES
Heating

Central
Pet friendly

N/A

Exterior

Garage

No
Construction Materials

Block, Stucco
Other Exterior Features

Other
Pool

No
Waterfront YN

NO

Area & Lot

Lot Size(acres)

0.21
Property Type

Residential Income
Property Sub Type

Duplex

Price

Sales Price

$275,000
Tax Amount

$2,217.62
Sq. Footage

2, 040
Price/SqFt

$134

HOA

Association

No

School District

Elementary School

Garden Grove Elem
Middle School

Denison Middle
High School

Winter Haven Senior

Property Features

Foundation Details

Block
Ownership

Fee Simple
Senior Community YN

NO
Sewer

Public Sewer
Tax Lot

6
Water Source

Public

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Location

County

Polk

Elementary School

Garden Grove Elem

Middle School

Denison Middle

High School

Winter Haven Senior

Listing Courtesy of George Waller, JR , BTW PROPERTIES OF LAKELAND

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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.

1201 5TH STREET NE

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Features & Amenities

Interior

Exterior

Area & Lot

Price

HOA

School District

Property Features

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Listing Courtesy of George Waller, JR , BTW PROPERTIES OF LAKELAND

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