0 Avenue Z Cypress Gardens, FL 33880

This fully permitted 26-unit apartment building presents a remarkable investment opportunity in Winter Haven, Florida. Located just two miles from downtown, this exceptional property boasts a prime waterfront position directly on the canal connecting Lake Lulu and Lake Roy, offering residents unparalleled access to the renowned Winter Haven Chain of Lakes. Imagine strolling across the street to the Freedom Boat Club for a day of boating, enjoying the Legoland ski show, or dining at one of the many nearby lakefront restaurants. The development plan includes three buildings: two with eight units each and one with ten units. Twenty units will feature 1,218 square feet, two bedrooms, and 2.5 bathrooms, while the remaining six units will offer 1,595 square feet, with options for three bedrooms and three bathrooms or 2.5 bathrooms plus a den. The buildings have been thoughtfully designed by experienced multifamily architects and builders, ensuring a high-quality construction and attractive aesthetic. The property's proximity to major employers like Publix and Legoland further enhances its appeal. Market rent estimates indicate $1900+ for two-bedroom units and $2200+ for three-bedroom units. All development reports are available for review during due diligence. The APN is 26-28-33-657500-001002. The asking price for this exceptional property is $889,000.