Leased Duplex with Screened
1254/1256 TANGERINE PARKWAY NE Winter Haven, FL 33881
New
For Sale
$295,000
Two leased 2-bedroom, 1-bath units with 1-car garages and screened rear patios near Polk State College.
Property Size1,697 SF
Price / SF$173.84
Days on Market6
Property Features for 1254/1256 TANGERINE PARKWAY NE
General Information
Standard status
Active
Size
1,697 SF
Property subtype
Duplex
Building Details
Year Built
1976
Listing Agency:
BROKERS REALTY OF CENTRAL FLOR
(863) 294-6773
Listed By:
Renee Butler · License #316015
Source:
Dennisrealty
Added: Jul 24
Changed: Jul 27
Last Checked: Jul 29 at 5:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BROKERS REALTY OF CENTRAL FLOR
Investment Insights
Based on property information with market context.
This duplex includes two leased 2-bedroom, 1-bath units, each with a 1-car garage and screened rear patio. The units are currently under lease until October 31, 2026. One unit (1254) is rented for $1,100, and the other (1256) is rented for $1,150.
The property is located near Polk State College and close to downtown Winter Haven. Recent updates include a roof replacement in 2022 and A/C units replaced in 2020.
As currently configured, the duplex provides two separate residences within one income property, with each unit maintaining a similar layout and amenities such as the screened patio and attached garage.
The property is located near Polk State College and close to downtown Winter Haven. Recent updates include a roof replacement in 2022 and A/C units replaced in 2020.
As currently configured, the duplex provides two separate residences within one income property, with each unit maintaining a similar layout and amenities such as the screened patio and attached garage.
Key Highlights
- Duplex built in 1976 with two leased units near Polk State College and downtown Winter Haven
- Each unit has 2 bedrooms, 1 bathroom, approx. 850 sq. ft., plus a 1‑car garage and screened rear patio
- Current leases run until October 31, 2026: Unit 1254 at $1,100 and Unit 1256 at $1,150
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.5k | $16.20 |
| − Vacancy | −$1.8k | −$1.05 |
| EGI | $25.7k | $15.15 |
| − OpEx | −$7.7k | −$4.54 |
| NOI | $18.0k | $10.60 |
1,697 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$257.0K
$224.9K – $299.9K
NOI $17,993 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$229.6K
$200.9K – $267.9K
NOI $16,074 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$407.8K
$356.8K – $475.8K
NOI $28,546 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two leased 2-bedroom, 1-bath units with 1-car garages and screened rear patios near Polk State College.
Where is this duplex located?
The property is located at 1254/1256 TANGERINE PARKWAY NE Winter Haven, FL.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Duplex built in 1976 with two leased units near Polk State College and downtown Winter Haven; Each unit has 2 bedrooms, 1 bathroom, approx. 850 sq. ft., plus a 1‑car garage and screened rear patio; Current leases run until October 31, 2026: Unit 1254 at $1,100 and Unit 1256 at $1,150
