Winter Haven Investment
For Sale
$420,000
724 W CENTRAL, Winter Haven, FL 33880
Prime investment property in a central location with strong tenant demand.
Property Size3,015 SF
Days on Market224
Property Features for 724 W CENTRAL
General Information
Standard status
Active
Size
3,015 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$7,879
Building Details
Building Size
3,015 SF
Year Built
1930
Units
2
Listing Agency:
Real Broker, LLC.
Listed By:
Miraya Lane, PA · License #3455140
(407) 969-5204
Source:
Elliman
Added: Mar 11
Changed: Oct 16
Last Checked: Oct 19 at 8:42AM
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 Real Broker, LLC.
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Investment Insights
Based on property information with market context.
This property presents an investment opportunity suitable for expanding or initiating a rental portfolio. The property benefits from a central location and strong tenant demand, offering the potential for immediate passive income generation.
Key Highlights
- Prime investment opportunity for rental portfolio.
- Central location.
- Strong tenant demand.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,558
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,160
$571.2K
Cap Rate 7%
$407,971
$408.0K
Cap Rate 9%
$317,311
$317.3K
Market Conditions
NOI Build-Up for 3,015 SF
Gross rent
$55.4K $18.36/SF
− Vacancy
−$3.4K −$1.14/SF
EGI
$51.9K $17.22/SF
− OpEx
−$23.4K −$7.75/SF
NOI
$28.6K $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%
$571,160
Cap Rate 7%
$407,971
Cap Rate 9%
$317,311
Alternative Uses
Best Use
Apartment 5plus
$408.0K
$357.0K – $476.0K
NOI $28,558 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$724.5K
$634.0K – $845.3K
NOI $50,717 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,398
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Prime investment property in a central location with strong tenant demand.
Where is this residential income property located?
The property is located at 724 W CENTRAL Winter Haven, FL.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Prime investment opportunity for rental portfolio.; Central location.; Strong tenant demand.
