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.