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    1515 6Th St Winter Haven, FL 33881

    Sponsored
    For Sale
    $775,000

    Multi-unit property, high rental potential.

    Property size:
    3,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity in Winter Haven, Florida, presents a unique lakeside property encompassing 3,100 square feet on a 0.12-acre lot at 1515 6th Street NW, 33881. The property comprises a diverse mix of rental units, maximizing income potential. Four efficiency units, each approximately 275 square feet, are included; two boast stunning lake views. Each efficiency features a private bath with a tub/shower combination and a small kitchenette with a sink, refrigerator, and microwave. A spacious studio unit (approximately 500 square feet) offers a combined living/bedroom area, a bathroom with a shower, and a combined dining and kitchen area with a large pantry. A substantial downstairs unit (approximately 1,500 square feet) provides two bedrooms, a bathroom with a shower, a kitchen with an electric stove and refrigerator, a large living room with built-in cabinets, a game room, and a private deck overlooking the lake. This unit is cooled by three window AC units. The property's blend of unit sizes and amenities caters to a wide range of tenants, ensuring strong occupancy rates. The prime lakeside location further enhances its desirability and rental income potential. Offered at $775,000, this property represents a compelling investment opportunity with significant return potential.

    Property Features for 1515 6Th St

    General Information

    Property type
    Land
    Square Feet
    3,100 SF
    Lot Size
    5,227 SF

    HighLights

    • $775,000 asking price.
    • 3,100 square foot lot.
    • 0.12‑acre lot size.
    • Located at 1515 6th Street NW, Winter Haven, FL 33881.
    • Multi‑unit property with four efficiency units (two with lake views), one studio unit, and one large 2‑bedroom unit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Winter Haven
    County
    polk
    State
    Florida
    Longitude
    -81.733339
    Latitude
    28.0370733

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    FAQs

    What type of property is this?
    Land - Multi-unit property, high rental potential.
    Where is this land located?
    The property is located at 1515 6Th St Winter Haven, FL.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: $775,000 asking price.; 3,100 square foot lot.; 0.12-acre lot size.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1515 6Th St Winter Haven, FL 33881
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