Historic 5-Unit Multifamily
631 AVENUE H NW Winter Haven, FL 33881
631 AVENUE H NW, Winter Haven, FL, 33881
$520,000
Pending
For Sale
$520,000
Pending
Five-unit apartment property with four one-bedroom units and one two-bedroom unit, built in 1920.
Property Size3,569 SF
Lot Size0.29 Acres
Days on Market477
Property Features for 631 AVENUE H NW
General Information
- Standard status
- Pending
- Size
- 3,569 SF
- Lot size
- 0.29 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1920
Listing agency
FLORIDA REALTY INVESTMENTS
(407) 907-0350
Listed by
Tito Urbano Perez · License #3470017
(407) 907-0350
Source
Exitrealty
Added: Apr 1, 2025 Updated: Jul 20 at 9:12PM Checked: Jul 21 at 6:21AM
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 FLORIDA REALTY INVESTMENTS
Investment Insights
Based on property information with market context.
Lake Howard Apartments is a well-maintained five-unit multifamily property built in 1920. The building includes wood frame exterior walls and offers four one-bedroom, one-bath units and one two-bedroom, one-bath unit. Each apartment is equipped with window AC units, and tenants handle sub-metered electric and water.
The property is served by city sewer and trash, which are included in the tenants’ utility bill. Located near Lake Howard, the surrounding area provides access to local parks and retail and dining options.
For buyers seeking a small residential income asset, this configuration supports a mix of one-bedroom and two-bedroom layouts within a historic, consistently maintained structure.
The property is served by city sewer and trash, which are included in the tenants’ utility bill. Located near Lake Howard, the surrounding area provides access to local parks and retail and dining options.
For buyers seeking a small residential income asset, this configuration supports a mix of one-bedroom and two-bedroom layouts within a historic, consistently maintained structure.
Key Highlights
- 5‑unit multifamily property built in 1920 with 3,569 SF on 0.29 acres
- Unit mix: four 1‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit
- Wood frame exterior construction with historic‑style appeal
Local Financial Insights For Apartment 5plus
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 | $65.5k | $18.36 |
| − Vacancy | −$4.1k | −$1.14 |
| EGI | $61.5k | $17.22 |
| − OpEx | −$27.7k | −$7.75 |
| NOI | $33.8k | $9.47 |
3,569 SF · lease $18.36/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$482.9K
$422.6K – $563.4K
NOI $33,805 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$857.7K
$750.5K – $1.00M
NOI $60,036 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five-unit apartment property with four one-bedroom units and one two-bedroom unit, built in 1920.
Where is this apartment building located?
The property is located at 631 AVENUE H NW Winter Haven, FL.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 5‑unit multifamily property built in 1920 with 3,569 SF on 0.29 acres; Unit mix: four 1‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit; Wood frame exterior construction with historic‑style appeal
