$1,500,000

211 N Lake Silver Drive NW

WINTER HAVEN FL, 33881

Description

Great opportunity to own this lake front income producing property with future development opportunities. Great cash flowing property in Winter Haven FL 33881. Fully rented, great opportunity to earn income immediately. Good rental area, easy and fast to rent. Long-term tenants and have a history of on-time payment. 12 Total 2 story apartment units consisting of two buildings. 2 Bedrooms and 1.5 Bathrooms each measuring approx. 935 sqft. with screened private patio or balcony. Plenty of parking plus attached storage building with a great view of Lake Silver. Chain link & picket fencing surround entire property. 2020 - Both buildings have been updated with many upgrades: New roofing throughout property, 950-Yr. Limited Warranty - Architectural Shingles. New exterior Hardee Board and paint. Situated on 1.52 acre lot with additional .16 acre lakefront lot. Attractive front entrance with potential to add additional 15 units. All units are well maintained most have tile flooring, includes central A/C and washer/dryer hookups. Each unit is separately metered and billed for electricity and water. Owner pays fixed operating expenses. Located next to WH Police Dept, few steps from Lake Silver Park, public bus stop, schools, groceries stores, restaurants & much more. Beautiful waterfront property is a must for any investor portfolio. Call today for a private showing. 24-hour notice required.

Details

MLS#P4913745
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1977
Days On Site34

Features

SQ Feet11,212
Story(s)2
Units12
ZoningCOMM/INDUS
Acreage1.52

Market Activity 33881

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Area Information
StateFL
CountyPolk
CityWINTER HAVEN
Zip Code33881
Area33881 - Winter Haven Florence Villa
Listing VS Median (in 33881)
Price:
$1,500,000
low | high
Med:
$220,990
100% of Average
SqFt:
11,212
low | high
Med:
1,498
100% of Average
$ / SqFt:
$134
low | high
Med:
$148
39.731202492212% of Average
On Site:
34
low | high
Med:
75
45.333333333333% of Average
Listing Updated: January 19, 2021 3:01:13 AM PST
Michael Norris LogoMLS Number: P4913745
Listing Provided By:
Michael Norris  of  NEXTHOME NORRIS COMPANY REALTY

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