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140 AVENUE W NW Winter Haven, FL 33881
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Key Details
Sold Price $160,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,573 sqft
Price per Sqft $62
Subdivision Florence Citrus Growers Assn Sub
MLS Listing ID O5798612
Sold Date 09/13/19
Construction Status Financing
HOA Y/N No
Year Built 1974
Annual Tax Amount $2,063
Lot Size 10,890 Sqft
Acres 0.25
Lot Dimensions 75 x 145
Property Description
Northwest Villas | Brick triplex built in 1974. 100% leased and managed by professional management firm. Each unit leased at $525 per month with room for growth to $599/unit/month. Tenants pay all utilities. Located in gateway market with strong demographics and demand drivers to Tampa and Orlando. Year 1 Cap Rate of 9.28% projected with rent increases at renewal.
Cost Analysis Performed as Rental Property
In:
Rent - $18,900.00
Out:
(Annual) Property Taxes - $2,063.00
(Annual) Estimated Insurance - $1,311.00
(Annual) Property Management (Optional) - $1,134.00
(Annual) Estimated Utilities/Lawn/Misc. $840.00
Total Costs - $5,348.00
Net: $13,552.00
Earn:
Total yearly net equates to - $13,552.00
Total monthly gross equates to - $1,575.00
HIGHLIGHTS
100% Occupied | Solid, Brick Construction
Professionally Managed
Room for Rent Growth
Location
State FL
County Polk
Community Florence Citrus Growers Assn Sub
Interior
Heating Central
Cooling Central Air
Fireplace false
Exterior
Exterior Feature Sidewalk
Garage Off Street
Utilities Available Electricity Available, Sewer Available, Water Available
Waterfront false
Roof Type Shingle
Parking Type Off Street
Garage false
Private Pool No
Building
Lot Size Range Up to 10,889 Sq. Ft.
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Construction Status Financing
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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