601 Avenue B Winter Haven, FL 33881
This exceptional investment opportunity presents a two-building, multifamily property located at 601 Avenue B NW, Winter Haven, Florida, 33881. The property, situated on a 0.1-acre lot (APN 262829628000000010), boasts a total of 3,796 square feet of net rentable space, spread across two stories. Built in 1949 and extensively renovated in 2018, this Class C property offers three units and is zoned BR, allowing for versatile usage. Currently configured as a high-end spa, the property's prime downtown location at the intersection of Avenue B NW, Pope Avenue, and 6th Street NW (Highway 17) ensures exceptional visibility and accessibility. The asking price is $699,000, translating to $184.14 per square foot. This represents a compelling opportunity for investors seeking a well-maintained, multi-use property in a thriving downtown area. The property's recent renovations and strategic location combine to offer significant potential for strong rental income and future appreciation. This is a rare chance to acquire a well-positioned asset in the heart of Winter Haven's bustling commercial district. The property's history and recent upgrades create a unique blend of classic charm and modern functionality, making it an attractive investment for discerning buyers.
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Herbal Skin Solutions (Bike/Boat/Book/etc) Store Cosmetic Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.