205 Palmetto Ave NW

Winter Haven FL 33881

Price: 139,900

Bedroom: 4 (1 Bed on each unit)

Bath: 4 (1 Bath on each unit)

Ext Const: Block

Built: 1959

Sqft: 1800 (450 Sqft each unit)

Tax/Yr: 745

Septic/Sewer: Sewer

County: Polk

Current Rent = 250/mo

Current Gross ROI= 8%

Rent Potential= 550/mo

Potential Gross ROI= 18%



Property Overview: Who doesn't love a Black Friday special in the month of September. At a potential 18% Gross ROI, it's a great addition to any Investment portfolio. This is a buy one get one, your not just acquiring one Duplex but two. These Duplexes consist of 1 bed & 1 bath in each unit, and the best part is, each unit has it's own meter, and the tenants pay the utilities themselves. Another pro is that the tenants are month to month and they are currently paying way below market value. With TLC needed only in one unit, this property is a must have. The new buyer simply needs to raise the rent to market rent, or give the tenants a 30 day notice, to then place new tenants at market rent, for a cash flow of 18% gross ROI.

Property Features include; Shingle roof updated 3 years ago, ceramic tile, laminate & carpet throughout all 4 units, window AC units in all 4 units, individual meters, well maintained kitchen & baths, 2 separate buildings. Only minutes from Downtown Winter Haven, and all Major Toll Roads. Call or email your Stonebridge agent for more details. This property is certain to sell quickly.

Rent Rehab: 2k

One unit is need of a minor clean up and repairs in the kitchen.