Harshad Phadke
REALTOR®
BEDS0
BATHS
SQUARE FEET1,275
MLS#TB8494382
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONBOOKER
Property Description
Under contract-accepting backup offers. Accepting Backup Offers** Cash-flowing block duplex in Winter Haven, FL offering immediate income and upside, with (2) 2 bed / 1 bath units currently leased at $1,050/month each ($2,100/month total) to long-term tenants, providing stable day-one cash flow. Recent improvements include a brand-new roof (2023), white vinyl privacy fence, and on-site storage shed with potential for additional income. Rents remain below market, presenting a straightforward opportunity to increase net income through rent growth. Conveniently located near The Home Depot and major retail corridors, the property benefits from strong tenant demand, making it an attractive low-risk, value-add workforce housing investment in a growing Polk County submarket.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Wall/Window Unit(s)
Heating: Electric, Ductless
Lot Size: 0.10 Acres
Roof Type: Shingle
Taxes: $4,265
Year Built: 1962
Amenities
Kitchen/Family Room Combo
Primary Bedroom Main Floor
Stone Counters
Fence
Private Entrance
Private Mailbox
Storage
Feature Descriptions
Annual Net Income: 40000.00
Days on Site: 2
Directions: From Downtown Winter Haven, head north on US-17 (3rd St SW), then turn right onto Avenue X NE. Continue east on Avenue X NE for approximately 0.5â??1 mile. The property will be located on your right-hand side.
Exterior: Block
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Lot Dimensions: 0.1
Other Equipment: Private Entrance
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: Call Listing Agent
Special Sale Provisions: None
Utilities: Cable Available, Public
Water: Public
Water Access Y/N: No
Listed By / Shown By
Listed By
Agency Name: HANCO & ASSOCIATES
Agency Contact: 813-833-2185
Shown By
Agent Name: Harshad Phadke
Agent Phone: (347) 393-1729
Agency Title: RealtyMark
Estimate Your Payment
Estimated Payment
$ 997.31 per month $567.52 Principal & Interest $355.42 Property Tax $74.38 Homeowner's InsuranceChange Payment Information
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306 NE X Avenue | MLS# TB8494382
This multi-family property located at 306 NE X Avenue, Winter Haven, FL 33881 is currently listed for sale with an asking price of $255,000. Search Winter Haven real estate on harshadphadke.realtymark.net today.