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725 W Central Avenue

Winter Haven, FL 33880
  • $575,000
  • STATUS: Active
  • ON SITE: 247 Days
  • MLS #: P4926241
$575,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,898
    SQFT
  • $148
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1923
County:

School Ratings & Info

Description

Back on market because buyer's loan fell through & now we have appraisal (came in at full price), inspections, title work & survey already done! Fantastic investment property w/ 2 buildings & possible owner financing w/ 50% down! Main (front) building has 2500 sq feet & is currently used for professional office space, (has been for previous owners as well), & it has lots of paved parking. It was originally a home & could easily be lived in again & is perfect for a residence with home office/business combined. 2nd building is a duplex w/ two 1BR/1BA units that are 700 sq ft each & both units in the duplex building have long term tenants that would like to stay, yet they're on month to month basis so the new owner has options. The main front building has just been freshly painted & has pretty wood floors throughout, a roof that is only a few years old, a beautifully remodeled kitchen w/ tile floor, a sitting area with a lovely fireplace & gorgeous coffered ceilings, dual zoned air conditioning w/ a fairly new unit in the upstairs area, & there's even a basement for extra storage! Downstairs consists of full kitchen, 1/2 bath, the large sitting area, & 2 extra rooms. Upstairs has another quaint sitting area, a full bathroom that needs remodeled & 4 nice sized rooms. One of these rooms has 1/2 bath plus a small bonus room off of it. Some rooms would need closets added back to them if they were to be used as bedrooms. The duplex (rear) building has 2 separate electric meters & 2 central heat & air systems with upstairs c/h/a system only apprx 1-2 years old. Upstairs unit has a new shower & wood floors in liv rm & BR. Downstairs unit has tile & fairly new carpet. Duplex roof was also just redone within the past few months. The recent appraisal showed income potential for main building to be $2,800/mo. if rented residentially & $1200./mo for each of the duplex units, although the current rents on the duplex are less than that right now. Located right by the Central business district & just 1 block from Lk Howard, this property could even be used as an Air B & B! Main front building has transferable termite bond. All measurements are approx & owner is listing agent.

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© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-02-26T01:44:17.143.
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725 W Central Avenue Winter Haven, FL 33880

  • Price: $575,000
  • Status: Active
  • On Site: 247 Days
  • MLS #: P4926241
0
Beds
0
Baths
0
½ Baths
0.29
Acres
3,898
SQFT
$148
$/SQFT
1923
Built
Neighborhood:
Lake Add
County:
Polk
Area:
Winter Haven/Eloise/Jpv/Wahnetta
Property Description
Back on market because buyer's loan fell through & now we have appraisal (came in at full price), inspections, title work & survey already done! Fantastic investment property w/ 2 buildings & possible owner financing w/ 50% down! Main (front) building has 2500 sq feet & is currently used for professional office space, (has been for previous owners as well), & it has lots of paved parking. It was originally a home & could easily be lived in again & is perfect for a residence with home office/business combined. 2nd building is a duplex w/ two 1BR/1BA units that are 700 sq ft each & both units in the duplex building have long term tenants that would like to stay, yet they're on month to month basis so the new owner has options. The main front building has just been freshly painted & has pretty wood floors throughout, a roof that is only a few years old, a beautifully remodeled kitchen w/ tile floor, a sitting area with a lovely fireplace & gorgeous coffered ceilings, dual zoned air conditioning w/ a fairly new unit in the upstairs area, & there's even a basement for extra storage! Downstairs consists of full kitchen, 1/2 bath, the large sitting area, & 2 extra rooms. Upstairs has another quaint sitting area, a full bathroom that needs remodeled & 4 nice sized rooms. One of these rooms has 1/2 bath plus a small bonus room off of it. Some rooms would need closets added back to them if they were to be used as bedrooms. The duplex (rear) building has 2 separate electric meters & 2 central heat & air systems with upstairs c/h/a system only apprx 1-2 years old. Upstairs unit has a new shower & wood floors in liv rm & BR. Downstairs unit has tile & fairly new carpet. Duplex roof was also just redone within the past few months. The recent appraisal showed income potential for main building to be $2,800/mo. if rented residentially & $1200./mo for each of the duplex units, although the current rents on the duplex are less than that right now. Located right by the Central business district & just 1 block from Lk Howard, this property could even be used as an Air B & B! Main front building has transferable termite bond. All measurements are approx & owner is listing agent.
Exterior Features

Construction Materials BlockBrickStuccoWood Frame Foundation Details CrawlspaceSlab Lot Features Central Business DistrictFlood Insurance RequiredCity LotOversized LotSidewalk Lot Size Dimensions 100 x 129 Parking Features 13 to 18 Spaces Road Frontage Type Street PavedCity Street Road Surface Type Paved Roof Other Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Appliances DishwasherMicrowaveRefrigerator Basement PartialUnfinished Building Area Total 4024 Cooling Central AirZoned Cooling YN Yes Flooring CarpetOtherTileVinyl Heating CentralElectricZoned Heating YN Yes Levels Two Sewer Public Sewer Stories Total 2 Water Source Public Window Features Blinds

Property Features

Converted Residence Yn Yes Flood Zone Code X Listing Terms CashConventionalFHAPrivate Financing Available New Construction Yn No Ownership Sole Proprietor Property Sub Type Mixed Use Realtor Info List Agent is Owner Special Listing Conditions None Tax Annual Amount 3797.66 Total Annual Fees 0 Total Monthly Fees 0 Utilities BB/HS Internet CapableElectricity AvailablePhone AvailablePublicWater Connected Zoning RP


Listing information © 2024 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of JULIE MATTHEWS GROUP LLC: 863-875-7922.



© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-02-26T01:44:17.143.
 
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