Winter Haven Quadplex Investment
For Sale
$550,000
514 Avenue C NE, Winter Haven, FL 33881
Turnkey quadplex with seller financing and income potential.
Property Size3,196 SF
Price / SF$172.09
Days on Market248
Property Features for 514 Avenue C NE
General Information
Standard status
Active
Size
3,196 SF
Property subtype
Multi-family
Building Details
Year Built
1930
Listing Agency:
BHHS FLORIDA PROPERTIES GROUP
Listed By:
Michael Hochadel · License #3562389
(863) 604-0018
Source:
Realtygroupfl
Added: Jan 14
Changed: Sep 18
Last Checked: Sep 18 at 8:59AM
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 BHHS FLORIDA PROPERTIES GROUP
Investment Insights
Based on property information with market context.
This income-producing multifamily property in Winter Haven presents a turnkey quadplex investment opportunity. Four of the five units are currently leased, providing in-place cash flow, with additional upside from the one vacant unit. The property has undergone recent capital improvements within the past year, including a new metal roof, an updated HVAC system, and multiple interior and exterior upgrades. These improvements reduce near-term maintenance exposure and support long-term returns. The property features practical unit layouts and established tenancy. It is positioned in a high-demand rental corridor near retail, dining, schools, and major transportation routes. Continued growth and redevelopment throughout Winter Haven reinforce rental demand and long-term appreciation potential. Seller financing is available, creating flexible acquisition options for investors seeking leverage and immediate entry into a performing asset. This property is suited for investors pursuing passive income, portfolio expansion, or a structured value-add play. Seller financing terms enhance flexibility and can improve overall income depending on structure.
Key Highlights
- Turnkey quadplex with 4 of 5 units currently leased, providing immediate income.
- Seller financing available, offering flexible acquisition options.
- Recent capital improvements including a new metal roof and updated HVAC system.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,887
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$677,740
$677.7K
Cap Rate 7%
$484,100
$484.1K
Cap Rate 9%
$376,522
$376.5K
Market Conditions
NOI Build-Up for 3,196 SF
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.
Gross rent
$51.8K $16.20/SF
− Vacancy
−$3.4K −$1.05/SF
EGI
$48.4K $15.15/SF
− OpEx
−$14.5K −$4.54/SF
NOI
$33.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$677,740
Cap Rate 7%
$484,100
Cap Rate 9%
$376,522
Alternative Uses
Best Use
Multifamily LT 5
$484.1K
$423.6K – $564.8K
NOI $33,887 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$432.5K
$378.4K – $504.5K
NOI $30,272 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$768.0K
$672.0K – $896.0K
NOI $53,762 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,446
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Turnkey quadplex with seller financing and income potential.
Where is this quadplex located?
The property is located at 514 Avenue C NE Winter Haven, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Turnkey quadplex with 4 of 5 units currently leased, providing immediate income.; Seller financing available, offering flexible acquisition options.; Recent capital improvements including a new metal roof and updated HVAC system.
