Updated Duplex with Quartz
New
For Sale
$319,999
3429 Sherry Ave, Winter Haven, FL 33881
The unit mix pairs a two-bedroom residence with a three-bedroom residence, each with one bathroom.
Property Size1,744 SF
Price / SF$183.49
Days on Market5
Property Features for 3429 Sherry Ave
General Information
Standard status
Active
Size
1,744 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1956
Listing Agency:
Lpt Realty, LLC
(877) 366-2213
Listed By:
Alan Atchley
(941) 556-9100
Source:
Atchleyrealty
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 3 at 6:22AM
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 Lpt Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,744-square-foot duplex contains two residences: one with 2 bedrooms and 1 bathroom, and another with 3 bedrooms and 1 bathroom. Updates include tile flooring throughout, stainless steel appliances, and quartz countertops in both kitchens and bathrooms. The property was built in 1956.
Lake Jessie is within walking distance. Shopping, dining, and everyday services are nearby, and the property has access to the Polk Parkway for travel toward Tampa or Orlando.
Lake Jessie is within walking distance. Shopping, dining, and everyday services are nearby, and the property has access to the Polk Parkway for travel toward Tampa or Orlando.
Key Highlights
- Two residences: one with 2 bedrooms and 1 bathroom; the other with 3 bedrooms and 1 bathroom
- 1,744 square feet
- Tile flooring throughout both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,491
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,820
$369.8K
Cap Rate 7%
$264,157
$264.2K
Cap Rate 9%
$205,456
$205.5K
Market Conditions
NOI Build-Up for 1,744 SF
Gross rent
$28.3K $16.20/SF
− Vacancy
−$1.8K −$1.05/SF
EGI
$26.4K $15.15/SF
− OpEx
−$7.9K −$4.54/SF
NOI
$18.5K $10.60/SF
Area
Polk County, FL
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,820
Cap Rate 7%
$264,157
Cap Rate 9%
$205,456
Alternative Uses
Best Use
Multifamily LT 5
$264.2K
$231.1K – $308.2K
NOI $18,491 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$236.0K
$206.5K – $275.3K
NOI $16,519 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$419.1K
$366.7K – $489.0K
NOI $29,337 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Explore this area
Business Placement
Demographics for 33881, FL
38,369
Population
17,948
Households
2.1
Avg Household Size
44
Median Age
18%
College-Educated
85%
High-School Grad
21.9 sq mi
ZIP Area
1,752
Density / Sq Mi
$53,867
Median Household Income
$33,941
Median Earnings
$1,153
Median Rent
$177,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The unit mix pairs a two-bedroom residence with a three-bedroom residence, each with one bathroom.
Where is this duplex located?
The property is located at 3429 Sherry Ave Winter Haven, FL.
What is the asking price?
The asking price for this property is $319,999.
What are key features of this property?
This property features: Two residences: one with 2 bedrooms and 1 bathroom; the other with 3 bedrooms and 1 bathroom; 1,744 square feet; Tile flooring throughout both residences
