1515 6th St NW Winter Haven | 1515 6th St NW
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1515 6th St NW Winter Haven 1515 6th St NW
7 Unit Apartment Building $1,118,480 CAD ($159,783 CAD/Unit) 9.28% Cap Rate Winter Haven, FL 33881
INVESTMENT HIGHLIGHTS
- Great Traffic Visibility
EXECUTIVE SUMMARY
Investment Property Listing: Versatile Multi-Unit Lakeside Investment
This lakeside investment property features a diverse mix of units, making it an excellent opportunity for
generating rental income. Here's what the property includes:
Efficiency Units:
-4 Efficiency Units: Each efficiency unit offers a single room with a private bath equipped with a small kitchen
sink, refrigerator, and microwave.
-Lake Views: Two of these units provide beautiful lake views. These bathrooms, which are not remodeled,
feature a tub and shower combination with a linen closet. Each efficiency is approximately 275 square feet.
Studio Unit:
-Spacious Studio: The studio unit includes a combined living room and bedroom area, a bathroom with a
shower, and a dining kitchen combo with a large pantry area that houses the AC compressor. This unit offers
approximately 500 square feet of living space.
Downstairs Unit:
-Expansive Living Space: The downstairs unit spans approximately 1,500 square feet and includes two
bedrooms, one bathroom with a shower, and a kitchen outfitted with an electric stove and refrigerator.
Living & Entertainment: The large living room features built-in cabinets, and there is an additional game room
area that extends the living space.
-Private Outdoor Space: The unit is cooled by three window AC units and includes a private deck overlooking
the lake, providing a perfect spot to relax and enjoy the serene views.
This property's blend of efficiency units, a studio, and a spacious downstairs unit offers a variety of living
arrangements, catering to different tenant needs while maximizing rental potential. The lakeside setting adds
to the property's appeal, making it an attractive investment option.
This lakeside investment property features a diverse mix of units, making it an excellent opportunity for
generating rental income. Here's what the property includes:
Efficiency Units:
-4 Efficiency Units: Each efficiency unit offers a single room with a private bath equipped with a small kitchen
sink, refrigerator, and microwave.
-Lake Views: Two of these units provide beautiful lake views. These bathrooms, which are not remodeled,
feature a tub and shower combination with a linen closet. Each efficiency is approximately 275 square feet.
Studio Unit:
-Spacious Studio: The studio unit includes a combined living room and bedroom area, a bathroom with a
shower, and a dining kitchen combo with a large pantry area that houses the AC compressor. This unit offers
approximately 500 square feet of living space.
Downstairs Unit:
-Expansive Living Space: The downstairs unit spans approximately 1,500 square feet and includes two
bedrooms, one bathroom with a shower, and a kitchen outfitted with an electric stove and refrigerator.
Living & Entertainment: The large living room features built-in cabinets, and there is an additional game room
area that extends the living space.
-Private Outdoor Space: The unit is cooled by three window AC units and includes a private deck overlooking
the lake, providing a perfect spot to relax and enjoy the serene views.
This property's blend of efficiency units, a studio, and a spacious downstairs unit offers a variety of living
arrangements, catering to different tenant needs while maximizing rental potential. The lakeside setting adds
to the property's appeal, making it an attractive investment option.
PROPERTY FACTS
| Price | $1,118,480 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $159,783 CAD | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 2,490 SF |
| Cap Rate | 9.28% | No. Stories | 2 |
| No. Units | 7 | Year Built/Renovated | 1954/2019 |
| Property Type | Multifamily | Parking Ratio | 1.2/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $1,118,480 CAD |
| Price Per Unit | $159,783 CAD |
| Sale Type | Investment |
| Cap Rate | 9.28% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.12 AC |
| Building Size | 2,490 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1954/2019 |
| Parking Ratio | 1.2/1,000 SF |
| Opportunity Zone |
Yes |
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Tile Floors
- Refrigerator
- Oven
- Walk-In Closets
SITE AMENITIES
- 24 Hour Access
- Waterfront
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $1,155 CAD | - |
| 1+1 | 4 | - | - |
| 2+1 | 1 | $2,468 CAD | 1,500 |
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1515 6th St NW Winter Haven | 1515 6th St NW
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