5-Unit Renovated Apartment
For Sale
$824,500
1801 3RD SE COURT, Winter Haven, FL 33880
Five apartments feature equipped kitchens, separate power metering, shared laundry, and a courtyard patio.
Property Size3,667 SF
Price / SF$224.84
Days on Market550
Property Features for 1801 3RD SE COURT
General Information
Standard status
Active
Size
3,667 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 1/1, 2 x 2/1, 1 x 3/2
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$7,512
Amenities
courtyard patio
laundry facility
Building Details
Year Built
1968
Buildings
1
Listing Agency:
THE K TEAM REAL ESTATE SERVICES LLC
(863) 604-1601
Listed By:
Cathy Kluytenaar · License #701325
(863) 604-6220
Source:
Exitrealty
Added: Apr 17, 2025
Changed: Oct 7
Last Checked: Oct 11 at 5:41AM
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 THE K TEAM REAL ESTATE SERVICES LLC
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Investment Insights
Based on property information with market context.
This 3,667-square-foot apartment building contains five units with a varied configuration: two one-bedroom apartments, two two-bedroom apartments, and one three-bedroom apartment. The property was built in 1968 and has been fully renovated, including a roof replacement in 2022. Each apartment includes a fully equipped kitchen with stainless steel appliances, granite countertops, and luxury vinyl plank flooring throughout. No carpet is used in the units.
A courtyard patio and laundry facility serve the property. Power is separately metered for the apartments, while the laundry room has its own meter. Water usage is monitored for back billing. The building is located at 1801 3rd SE Court in Winter Haven, just off Cypress Gardens Blvd., with downtown, dining, shopping, and LEGOLAND several minutes away.
A courtyard patio and laundry facility serve the property. Power is separately metered for the apartments, while the laundry room has its own meter. Water usage is monitored for back billing. The building is located at 1801 3rd SE Court in Winter Haven, just off Cypress Gardens Blvd., with downtown, dining, shopping, and LEGOLAND several minutes away.
Key Highlights
- Five‑unit apartment building with 3,667 SF of total building area
- Unit mix includes two 1/1s, two 2/1s, and one 3/2
- Fully renovated with a new roof completed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,734
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,680
$694.7K
Cap Rate 7%
$496,200
$496.2K
Cap Rate 9%
$385,933
$385.9K
Market Conditions
NOI Build-Up for 3,667 SF
Gross rent
$67.3K $18.36/SF
− Vacancy
−$4.2K −$1.14/SF
EGI
$63.2K $17.22/SF
− OpEx
−$28.4K −$7.75/SF
NOI
$34.7K $9.47/SF
Area
Polk County, FL
Vacancy
6.20%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,680
Cap Rate 7%
$496,200
Cap Rate 9%
$385,933
Alternative Uses
Best Use
Apartment 5plus
$496.2K
$434.2K – $578.9K
NOI $34,734 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$881.2K
$771.1K – $1.03M
NOI $61,685 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,323
Businesses Nearby
Explore this area
Business Placement
Demographics for 33880, FL
42,005
Population
17,055
Households
2.5
Avg Household Size
38
Median Age
17%
College-Educated
84%
High-School Grad
32.4 sq mi
ZIP Area
1,296
Density / Sq Mi
$56,803
Median Household Income
$35,051
Median Earnings
$1,128
Median Rent
$200,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Five apartments feature equipped kitchens, separate power metering, shared laundry, and a courtyard patio.
Where is this apartment building located?
The property is located at 1801 3RD SE COURT Winter Haven, FL.
What is the asking price?
The asking price for this property is $824,500.
What are key features of this property?
This property features: Five‑unit apartment building with 3,667 SF of total building area; Unit mix includes two 1/1s, two 2/1s, and one 3/2; Fully renovated with a new roof completed in 2022
