1201 5th Street Ne, Winter Haven, FL 33881
Local realty services provided by:Better Homes and Gardens Real Estate Thomas Group
1201 5th Street Ne,Winter Haven, FL 33881
$275,000
- 4 Beds
- 3 Baths
- 2,040 sq. ft.
- Multi-family
- Active
Listed by: george waller, jr
Office: btw properties of lakeland
MLS#:L4959458
Source:MFRMLS
Price summary
- Price:$275,000
- Price per sq. ft.:$134.8
About this home
Well-maintained income property featuring a 3-bedroom / 2-bath main residence plus a detached 1-bedroom / 1-bath unit with private entrance. The property has been operated as a rental by the current owner and offers immediate income with upside potential.
The main home features fresh interior paint, durable tile flooring throughout, a large indoor laundry/storage area, and recent upgrades including a newer roof, energy-efficient windows, updated flooring, and new plumbing fixtures (including a newly installed bathtub).
Current annual gross income is $28,440 ($2,370/month), with estimated annual market rent of $31,200. Annual net income is approximately $21,312, based on projected 12 months of rent.
Monthly operating expenses average approximately $594, including:
Property taxes: ~$2,130 annually
Insurance: ~$2,600 annually
Typical repairs: ~$200/month
Water paid by landlord and reimbursed by tenant
Tenants pay electricity and trash collection, and handle lawn care.
Lease terms are gross with a current 12-month lease in place.
Ideally located less than five minutes from Polk State College, Winter Haven Hospital, Publix, and numerous restaurants and services - offering strong rental demand and convenient access to major roadways.
Buyers are encouraged to independently verify zoning, unit count, and intended use with local authorities.
Excellent opportunity for investors seeking a stabilized duplex with future rent growth potential in a desirable Winter Haven location.
Contact an agent
Home facts
- Year built:1945
- Listing ID #:L4959458
- Added:9 day(s) ago
- Updated:February 26, 2026 at 01:10 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Living area:2,040 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Roof:Shingle
- Year built:1945
- Building area:2,040 sq. ft.
- Lot area:0.21 Acres
Schools
- High school:Winter Haven Senior
- Middle school:Denison Middle
- Elementary school:Garden Grove Elem
Utilities
- Water:Public
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$275,000
- Price per sq. ft.:$134.8
- Tax amount:$2,218 (2025)
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