NOT LISTED FOR SALE

Estimated Value: $196,000 - $247,000

4 Beds
2 Baths
1,368 Sq Ft
$158/Sq Ft Est. Value

Last Sold May 06, 2024

Last sale price $233,000 $170 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $1,469/month

16 Days on Market

Highlights

  • Water Views
  • Wood Flooring
  • Covered Patio or Porch
  • Frank E. Brigham Academy Rated 9+
  • No HOA
  • Balcony

About This Home

As of May 2024

Under Contract- Accepting backup offers!Investor Alert! Cash Flow on Day 1! Don't miss out on this fantastic opportunity to own a fully rented duplex in the heart of Winter Haven, Florida. Each side of this spacious duplex features 2 bedrooms, 1 bath, and over 1300 sqft total of comfortable living space, making it an attractive investment option. Currently, both units are tenant-occupied, generating a combined gross income of $2,725 per month (including pet fees). Unit A rents for $1,275 per month (lease ending in 01/31/2025), while Unit B brings in $1,200 per month (lease ending in 11/29/2024). With tenants responsible for all utilities except water, this investment offers low overhead costs and high potential returns. Recent updates enhance the appeal and value of this investment property. The exterior and interior have been freshly painted, giving the duplex a modern and well-maintained appearance. Unit A boasts new carpet, drywall, and ceiling fans, providing a comfortable and inviting living space for tenants. Additionally, Unit B features a new shower/tub combo, a new porch/deck, and a mini-split AC unit installed in 2023, ensuring tenant satisfaction and retention.Convenience is key for tenants with washer and dryer hookups available in both units. Plus, the property is just a quick walk to Lake Howard, providing residents with easy access to outdoor recreation and scenic views. Located in Winter Haven, Florida, this duplex offers investors a prime opportunity to capitalize on the thriving rental market in the area. With strong rental demand and a solid rental history, this property is sure to deliver consistent cash flow and long-term appreciation.Don't let this lucrative investment slip through your fingers. Seize the opportunity to add this fully rented duplex to your portfolio and start earning passive income today!

Last Agent to Sell the Property

Tracey Green

EXP REALTY LLC Brokerage Phone: 888-883-8509 License #3498418 Listed on: 02/16/2024

EXP REALTY LLC

Last Buyer's Agent

Christina Hein

KELLER WILLIAMS REALTY SMART License #3480504

KELLER WILLIAMS REALTY SMART

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,524

Year Built

  • Built in 1920

Lot Details

  • 6,930 Sq Ft Lot

Parking

  • 3 Carport Spaces

Home Design

  • Duplex
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,368 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Water Views
  • Crawl Space
  • Washer and Electric Dryer Hookup

Flooring

  • Wood
  • Carpet

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Schools

  • Lake Shipp Elementary School
  • Denison Middle School
  • Winter Haven Senior High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater
  • High Speed Internet
  • Phone Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Lakeside Add Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Water Meter
  • Gross Income $32,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,524

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Vinyl Siding, Wood Frame
  • Fireplace: No
  • Living Area: 1368
  • Lot Size Acres: 0.16
  • New Construction: No
  • Year Built: 1920
  • Lease Term: Twelve Months
  • Lot Size Sq Ft: 6930
  • Tenant Pays: Electricity
  • Directions to Property: Coming from Eagle Lake, head north on HWY 17, turn left on Ave G SW, turn rught on 7th St SW, turn left on Carroll Ave SW, property will be on the right.
  • Status: Sold
  • Street Post Direction: SW
  • Co List Office Phone: 888-883-8509
  • Ownership: Fee Simple
  • Escrow State: FL
  • List Office Head Office Key Nume: 1041803
  • RATIO Current Price By Calculate: 170.32
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 0
  • Attribution Contact: 888-883-8509
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Wood
  • Interior Amenities: Ceiling Fans(s)
  • Appliances Included: Electric Water Heater, Refrigerator
  • Foundation Details: Crawlspace
  • Levels: One
  • Window Features: Blinds
  • Street Number Modifier: 735
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 127.09

Exterior Features

  • Exterior Features: Balcony
  • Roof: Shingle
  • Pool Private: No
  • View: Water
  • Waterfront: No
  • Patio and Porch Features: Covered, Side Porch
  • Road Surface Type: Paved
  • Disclosures: Seller Property Disclosure
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Spaces: 3
  • Carport Y N: Yes
  • Garage Yn: No

Utilities

  • Utilities: BB/HS Internet Available, Electricity Available, Phone Available
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Units / Window Unit
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Individually Metered: Electric

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Lake Shipp Elem
  • High School: Winter Haven Senior
  • Middle Or Junior School: Denison Middle

Lot Info

  • Zoning: RP
  • Parcel Number: 26-28-29-634000-001070
  • Additional Parcels: No
  • Flood Zone Code: x
  • Lot Size Square Meters: 644

Green Features

  • Green Verification Count: 0

Rental Info

  • Pets Allowed: Yes
  • Total Actual Rent: 2475

Multi Family

  • Gross Income: 32700
  • Number Of Units Total: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Water Meters: 1
  • Total Num Buildings: 1
  • Unit Count: 2
  • Total Monthly Expenses: 135

Tax Info

  • Tax Annual Amount: 1524.46
  • Tax Block: 1
  • Tax Book Number: 1-98
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 17, 2025
Sold by
Forever Sunshine Investment Group Llc
Bought by
Alligator Property Group Llc
Current Estimated Value
$215,608

Purchase Details

Listed on
Feb 16, 2024
Closed on
Apr 19, 2024
Sold by
Gp Properties Group Llc
Bought by
Forever Sunshine Investment Group Llc
Seller's Agent
Tracey Green
EXP REALTY LLC
Buyer's Agent
Christina Hein
KELLER WILLIAMS REALTY SMART
List Price
$235,000
Sold Price
$233,000
Premium/Discount to List
-$2,000
-0.85%
Views
23

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.51%
Original Mortgage
$174,750
Interest Rate
6.99%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 18, 2023
Closed on
Jun 30, 2023
Sold by
Strickland Bg 2 Llc and Strickland Bg 1 Llc
Bought by
Gp Properties Group Llc
Seller's Agent
Chrissi Jasso
ASSOCIATE REALTY
Buyer's Agent
Stellar Non-Member Agent
Stellar Non-Member Office
List Price
$199,000
Sold Price
$160,000
Premium/Discount to List
-$39,000
-19.6%
Views
283

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
56.43%
Original Mortgage
$146,600
Interest Rate
6.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2020
Sold by
Strickland Robert
Bought by
Strickland Bg 2 Llc

Purchase Details

Closed on
Mar 6, 2020
Sold by
Strickland Robert
Bought by
Strickland Bg 2 Llc

Purchase Details

Closed on
Nov 3, 2017
Sold by
Strickland Earl and Strickland Robert
Bought by
Strickland Earl and Strickland Robert

Purchase Details

Closed on
Jul 31, 2012
Sold by
Wells Fargo Bank Na
Bought by
Strickland Robert and Strickland Earl

Purchase Details

Closed on
May 14, 2012
Sold by
Conti Richard J
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Aug 29, 2006
Sold by
Conti Richard J and Conti Carol L
Bought by
Conti Richard J and Conti Carol L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,200
Interest Rate
6.73%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Alligator Property Group Llc -- None Listed On Document
Forever Sunshine Investment Group Llc $223,000 Marlin Title
Forever Sunshine Investment Group Llc $223,000 Marlin Title
Gp Properties Group Llc $160,000 Standard Title
Strickland Bg 2 Llc -- None Available
Strickland Bg 2 Llc -- None Available
Strickland Earl -- Attorney
Strickland Robert $12,500 Landsafe Title
Wells Fargo Bank Na $5,200 Attorney
Conti Richard J -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Forever Sunshine Investment Group Llc $174,750
Previous Owner Gp Properties Group Llc $146,600
Previous Owner Conti Richard J $78,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2024 05/06/24 Sold $233,000 -0.9% $170 / Sq Ft
03/04/2024 03/04/24 Pending -- -- --
02/16/2024 02/16/24 For Sale $235,000 +46.9% $172 / Sq Ft
07/03/2023 07/03/23 Sold $160,000 -8.6% $117 / Sq Ft
06/08/2023 06/08/23 Pending -- -- --
06/04/2023 06/04/23 Price Changed $175,000 -12.1% $128 / Sq Ft
06/02/2023 06/02/23 For Sale $199,000 0.0% $145 / Sq Ft
05/26/2023 05/26/23 Pending -- -- --
05/18/2023 05/18/23 For Sale $199,000 -- $145 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,848 $216,216 $12,500 $19,062
2024 $1,524 $201,888 $12,500 $18,744
2023 $1,524 $32,170 $0 $0
2022 $568 $29,245 $10,000 $19,245
2021 $540 $26,761 $10,000 $16,761
2020 $662 $35,930 $5,000 $30,930
2018 $622 $38,864 $5,000 $33,864
2017 $563 $23,483 $0 $0
2016 $529 $21,348 $0 $0
2015 $498 $19,407 $0 $0
2014 $441 $17,643 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: T3505267

Stellar MLS

APN: 26-28-29-634000-001070