455 Avenue T, Winter Haven, FL 33881

Instant income from 6 unit property! All units are 2 bedroom, 1 bathroom! Gross rent roll of $2,375 once fully occupied (5 of 6 units currently). Owner is responsible for water on some of the units. Don't miss this investor's dream! 6 electric meters, 6 water meters. Opportunity for new owner to add value by transitioning tenants to paying their own water. Annual income at 100% occupancy is $28,500. Current Cap Rate of 10% at list price based on $9,651 in annual estimated expenses ($3,000 insurance, 10% management fee, $1641 actual taxes, $720 annual lawncare and maintenance, and $1,440 annual water bill (estimated)). Estimated Annual Net of $18,849