$275,000
$299,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
2,056 SqFt
SOLD DATE : 07/22/2022
Key Details
Sold Price $275,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,056 sqft
Price per Sqft $133
Subdivision Lake Shipp Add
MLS Listing ID U8156772
Sold Date 07/22/22
Construction Status Appraisal,Financing,Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1925
Annual Tax Amount $1,587
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 050x143
Property Description
Cash flowing two building, three unit "triplex" rental property which includes an 880 sq ft 3/1 wood frame single family home on the front of the property (1925) and a two unit, two story block duplex on the back of the property (1953). Both buildings have new roofs, 2022 for the home and 2021 for the duplex. The bathrooms for all three units were fully renovated in 2021 and include new tub/shower combinations, tile, toilet, etc. All units have newer window a/c with heat, updated appliances, and washer/dryer hookups. There's a lockable block utility building located between the units.
The single family home was repainted in 2021 and has a screened front porch, wood burning fireplace, and hardwood floors. It's currently rented for $875/month with a lease ending June 30, 2022. There is room to increase to market rent once the lease expires.
The bottom unit of the duplex has new tile floors in the living room, hall, and bedrooms and vinyl in the kitchen and a new hot water heater in 2021. The upstairs unit has new tile floors in the living room and hall, vinly in the kitchen, and carpet in the two bedrooms. Each duplex unit is approximately 580 sq ft with two bedrooms and one bath. Both of the duplex units are currently empty, but are ready to rent upon closing. Previous rents were $750/month in each unit.
All three units are located on the northeast side of Lake Ship (you can see the lake from the units), close to restaurants, shopping, and Winter Haven's downtown area.
Location
State FL
County Polk
Community Lake Shipp Add
Zoning R-3
Direction SW
Interior
Interior Features Ninguno
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Flooring Carpet, Ceramic Tile, Vinyl, Wood
Fireplaces Type Wood Burning
Fireplace true
Appliance Microwave, Range, Range Hood, Refrigerator
Exterior
Exterior Feature Storage
Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Sewer Connected, Street Lights
Roof Type Shingle
Porch Deck, Patio, Screened
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block, Wood Frame
New Construction false
Construction Status Appraisal,Financing,Inspections
Others
Pets Allowed Yes
Senior Community No
Pet Size Small (16-35 Lbs.)
Ownership Fee Simple
Special Listing Condition None
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