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    231 Palmetto Ave NW Winter Haven, FL 33881

    For Sale
    $535,000

    Fully occupied quadruplex near downtown Winter Haven with long-term leases.

    Lot size:
    0.17 Acres

    Property Features for 231 Palmetto Ave NW

    General Information

    Lot size
    0.17 Acres

    Building Details

    Year built
    1968

    Source: 1513 REALTY LLC Agent David Craig

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Winter Haven Turnkey Quadruplex

    This turnkey quadruplex is located close to downtown Winter Haven. The property is fully occupied and generates an annual gross income of $57,000. Long-term leases are in place. Each unit features 2 bedrooms, 1 full bathroom, and 1 half bathroom. The units also include an eat-in kitchen, living room, and a laundry room equipped with washer and dryer hookups. Flooring consists of a mix of tile and vinyl plank. The property is conveniently located near shopping and dining, with easy access to HWY 27, the Polk Parkway, and I-4, presenting an opportunity for portfolio expansion or a first investment property.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Winter Haven
    County
    Polk
    State
    Florida
    Longitude
    -81.72473
    Latitude
    28.038729

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    FAQs

    What type of property is this?
    Quadplex - Fully occupied quadruplex near downtown Winter Haven with long-term leases.
    Where is this quadplex located?
    The property is located at 231 Palmetto Ave NW Winter Haven, FL.
    What is the asking price?
    The asking price for this property is $535,000.
    What are key features of this property?
    This property features: - $57,000 annual gross income; - Full occupancy with long term leases; - Turnkey quadruplex
    (863) 605-3437
    Request Owner's contact information
    231 Palmetto Ave NW Winter Haven, FL 33881
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    231 Palmetto Ave NW Winter Haven, FL 33881
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