1201 5TH STREET NE WINTER HAVEN FL 33881 MLS #L4959458

Under contract-accepting backup offers. 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.