$1,500,000
$1,500,000
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11,212 SqFt
SOLD DATE : 04/16/2021
Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,212 sqft
Price per Sqft $133
Subdivision Silver Lake Add
MLS Listing ID P4913629
Sold Date 04/16/21
Construction Status Inspections
HOA Y/N No
Year Built 1977
Annual Tax Amount $10,371
Lot Size 1.520 Acres
Acres 1.52
Lot Dimensions 257x261
Property Description
Great opportunity to own this lake front income producing property with future development opportunities. Great cash flowing property in Winter Haven FL 33881. Fully rented, great opportunity to earn income immediately. Good rental area, easy and fast to rent. Long-term tenants and have a history of on-time payment. 12 Total 2 story apartment units consisting of two buildings. 2 Bedrooms and 1.5 Bathrooms each measuring approx. 935 sqft. with screened private patio or balcony. Plenty of parking plus attached storage building with a great view of Lake Silver. Chain link & picket fencing surround entire property. 2020 - Both buildings have been updated with many upgrades: New roofing throughout property, 950-Yr. Limited Warranty - Architectural Shingles. New exterior Hardee Board and paint. Situated on 1.52 acre lot with additional .16 acre lakefront lot. Attractive front entrance with potential to add additional 15 units. All units are well maintained – most have tile flooring, includes central A/C and washer/dryer hookups. Each unit is separately metered and billed for electricity and water. Owner pays fixed operating expenses. Located next to WH Police Dept, few steps from Lake Silver Park, public bus stop, schools, groceries stores, restaurants & much more. Beautiful waterfront property is a must for any investor portfolio. Call today for a private showing. 24-hour notice required.
Location
State FL
County Polk
Community Silver Lake Add
Zoning COMM/INDUS
Direction NW
Interior
Interior Features Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Split Bedroom, Walk-In Closet(s), Window Treatments
Heating Central
Cooling Central Air
Flooring Carpet, Ceramic Tile
Furnishings Unfurnished
Fireplace false
Appliance Dishwasher, Range, Refrigerator
Laundry Inside, Laundry Closet
Exterior
Exterior Feature Fence, Irrigation System, Lighting, Sidewalk, Storage
Utilities Available Electricity Connected, Phone Available, Public
Waterfront Description Lake
View Y/N 1
Water Access 1
Water Access Desc Lake
View Water
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level One
Foundation Slab
Lot Size Range 1 to less than 2
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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