724 West Central Avenue

Winter Haven, FL 33880

$599,000
Price
2
Beds
3,015 Sq. Ft.
$199 / Sq. Ft.
3,015
Sq. Ft.
$199
per Sq. Ft.

Description

One or more photo(s) has been virtually staged. Introducing your next lucrative investment opportunity nestled near the serene shores of Lake Howard! This sprawling property boasts a substantial 3015 sq ft of living space, thoughtfully divided into 5 rental units. With 5 bedrooms in total, each unit offers comfortable accommodation and ample space to call home. Situated on an expansive lot spanning 8943 sq ft, this turn-key investment promises not only substantial rental income but also potential...One or more photo(s) has been virtually staged. Introducing your next lucrative investment opportunity nestled near the serene shores of Lake Howard! This sprawling property boasts a substantial 3015 sq ft of living space, thoughtfully divided into 5 rental units. With 5 bedrooms in total, each unit offers comfortable accommodation and ample space to call home. Situated on an expansive lot spanning 8943 sq ft, this turn-key investment promises not only substantial rental income but also potential for future development or enhancements. Whether you're an experienced investor or just stepping into the world of real estate, this multi-family 5plex offers an ideal platform for generating passive income and building long-term wealth. Conveniently located near Lake Howard, residents will enjoy easy access to recreational activities, picturesque views, and a tranquil atmosphere. Don't miss out on this exceptional opportunity to secure your foothold in the thriving rental market. Take advantage of this turn-key investment and start reaping the rewards of passive income today!

Listing Agent

  1. Miraya Lane

    Miraya Lane

    Listing Agent

    Compass

Property Details for 724 West Central Avenue

Subdivision Name
LAKE ADD
Township
28
Waterfront
No

Location

Add your commute
LISTING UPDATED: 04/26/2024 10:26 AM

Property Details for 724 West Central Avenue

StatusActive
MLS #O6197259
Days on Market11
Taxes$1,346 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1930
Lot Size0.21 AC / 8,943 SF
CountyPolk County

Location

Add your commute

Building Information for 724 West Central Avenue

Stories-Residences5Year Built1930Building Size-Lot Size0.21 AC / 8,943 SF

Payment Calculator

$3,381 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,269

Property Taxes

$112

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 724 West Central Avenue

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: Turn right onto Ave D NW, Turn left onto N Lake Howard Dr. Turn left onto W Central Ave, Turn right onto 8th St SW, Turn left, Property is on the left
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 724
  • Street Direction Prefix: W
  • Street Name: CENTRAL
  • Street Suffix: AVENUE
  • State: FL
  • City: WINTER HAVEN
Parking
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: 4
  • Tax Book Number: Q-529
  • Tax Legal Description: LAKE ADD DB Q PG 529 BLK 4 LOTS 5 & E 20 FT OF 6
  • Tax Lot: 5
  • Tax Year: 2023
Property
Lot Information
  • Additional Parcels: No
  • Lot Size Dimensions: 70x128
  • Parcel Number: 26-28-29-632000-004050
  • Total Acreage: 0 to less than 1/4
  • Total Num Buildings: 2
  • Water Access: No
  • Water Extras: No
  • Zoning: RP
  • Living Area: 3015
  • Lot Dimensions: 70x128
Property and Assessments
  • Year Built Numeric: 1930
  • Flood Zone Code: X
  • New Construction: No
  • Public Survey Range: 26
  • Public Survey Section: 29
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available
  • Water Source: Private, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
  • Exterior Features: Private Mailbox, Sidewalk
  • Foundation Details: Crawlspace
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 2
  • Cooling: Wall/Window Unit(s)
  • Fireplace: No
  • Heating: Central, Wall Units / Window Unit
  • Interior Features: Other
  • Laundry Features: Other
  • Living Area Source: Appraiser
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $61,800.00
  • Gross Income: $69,300
  • Unit Count: 5
Unit 1
  • Unit Type Baths Total 1: 1
  • Unit Type Beds Total 1: 1
  • Unit Type Garage Attached 1: No
  • Unit Type Garage Spaces 1: 0
  • Unit Type Number Of Units Occupied 1: 1
  • Unit Type Pro Forma 1: 1190
  • Unit Type Type 1: 1 Bed/1 Bath
  • Unit Type Units Total 1: 1
Unit 2
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 1
  • Unit Type Garage Attached 2: No
  • Unit Type Pro Forma 2: 1190
  • Unit Type Type 2: 1 Bed/1 Bath
  • Unit Type Units Total 2: 1
Unit 3
  • Unit Type Baths Total 3: 1
  • Unit Type Beds Total 3: 1
  • Unit Type Pro Forma 3: 1190
  • Unit Type Type 3: 1 Bed/1 Bath
Unit 4
  • Unit Type Baths Total 4: 1
  • Unit Type Beds Total 4: 0
  • Unit Type Garage Attached 4: No
  • Unit Type Number Of Units Occupied 4: 1
  • Unit Type Pro Forma 4: 795
  • Unit Type Type 4: Studio
  • Unit Type Units Total 4: 1
Unit 5
  • Unit Type Baths Total 5: 2
  • Unit Type Beds Total 5: 2
  • Unit Type Number Of Units Occupied 5: 1
  • Unit Type Pro Forma 5: 1400
  • Unit Type Type 5: 2 Bed/2 Bath
Rental
Rental Information
  • Tenant Pays: Electricity

Property History for 724 West Central Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 724 West Central Avenue

Taxable ValueLand$18,000Additions$51,891Total$69,891
Tax Record2023$1,346 ($112 / month)
Home Facts
Total Finished SqFt1,975 SqFtAbove Grade Finished SqFt1,975 SqFtStories1Lot Size8,943 SqFtStyleMulti-Family Dwelling (2-4)Year Built1930Year Renovated1971CountyPOLKAPN262829632000004050

Schools near 724 West Central Avenue

This home is within Polk.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - PK to 8
Public - 6 to 8
Rating
School
Distance
Lake Shipp Elementary School
PublicPK to 5

Frank E. Brigham Academy
PublicPK to 5

Jewett School Of The Arts
PublicPK to 8

Jewett Middle Academy Magnet
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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724 West Central Avenue is a multi-family home for sale in Winter Haven, FL 33880. This property was listed for sale on April 22, 2024 by Compass, it's currently listed at $599,000. It has been on the market for a total of 11 days and was last sold on October 30, 2023. This listing's school district is Polk. Nearby schools include Lake Shipp Elementary School, Frank E. Brigham Academy and Jewett School Of The Arts. 724 West Central Avenue is a 2-bed, 0-bath, 3,015 sqft multi-family home built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 04/26/2024 10:26 AM