514 Avenue C NE, Winter Haven, FL 33881

Great multi family opportunity in Winter Haven. 3 separate buildings feature 2 - 1/1 units each. 4 units have been recently updated and the other 2 units have not because they are currently occupied by tenants. 2 units are currently vacant and can rent for $500 per unit. Flooring is ceramic tile, laminate wood flooring, and vinyl keeping maintenance costs low and helping this gem cash flow for the long term. The property is located right across the street from Lake Martha and is close to schools, churches, dining and shopping. Rental Income - $3,000 mo. / $36,000 yr. Investor Price - $149,900 Closing Costs to Buy - $2,500 Rehab Projection - $6,000 Utilities - $0 Property Insurance - $2,500 / yr. Estimated Taxes - $2,310 / yr. Property Management - $3,600 / yr. Maintenance - $1,000 / yr. HOA Dues - $0 / yr. Projected Income - $26,590 Estimated APY - 16.79%