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460 S 3Rd Ave Bartow, Florida 33830 MLS# MFRO6207171
Welcome to this meticulously renovated duplex that is performing at an 8% CAP RATE!! A hidden gem boasting the perfect blend of modern upgrades and a prime location. Please Note: PICTURES WERE TAKEN AFTER RENOVATIONS BUT PRIOR TO THE ROOF BEING INSTALLED IN APRIL. This property offers a rare opportunity with its functional layout featuring two separate units. Upstairs is a spacious 2-bedroom / 1-bathroom unit, and downstairs is a 1-bedroom / 1-bathroom unit. Take note that the unique R-2 zoning of this property opens the door for possibility. Regardless of the county records classifying it as a single-family home, it is structured / set up and built like a duplex, and has been grandfathered in with the county. Some Recent highlights include the following renovations: a new roof, HVAC Units, Water Heaters, Cabinets, Counter Tops, Toilets, Vanities, Exterior/interior Paint, Appliances, Trimming, Blinds, and Doors. Providing the right investor both durability and peace of mind for the years to come. Currently, both units are tenant-occupied and are generating a combined monthly income of $2,025. One unit is leased for $925 a month and the other unit is leased for $1,100 a month, which brings us to an annual gross income of $24,300. Electricity is on separate meters per unit and the water is currently being paid by the owners. With long term ownership of this property, these figures will improve and you'll have a Cash-flowing lucrative opportunity in your portfolio. The property is conveniently located close to Downtown Bartow, residents will enjoy easy access to shopping, dining, emergency services, and much more. Whether you're seeking a savvy investment or a place to call home, this renovated duplex offers the perfect combination of comfort, convenience, and income potential. Don't miss out on this exceptional opportunity. Give us a call today and experience the best of Bartow living!
Approximate Room Sizes
Bathrooms
Reduced By $4,100