204 Bennett St Winter Haven, FL 33885

This exceptional multifamily investment opportunity in Winter Haven, Florida, presents a compelling prospect for savvy investors. Priced at $1,200,000, this portfolio comprises nine fully rented single-family homes situated on a 1.98-acre lot (APN: 26-28-16-000000-044220). Each unit boasts between 667 and 768 square feet, featuring two bedrooms and one bathroom, totaling 6,511 net rentable square feet. Built in 1970, the property benefits from an on-site caretaker and enjoys a prime location near Lake Maude and local amenities like Big Daddy's BBQ and Lake Maude Recreation Park. The R-3 zoning presents significant upside potential. The current zoning allows for up to ten units per acre, suggesting the possibility of expanding to nineteen units on the existing land. Further development options include constructing larger units, adding stories (up to four), or even developing an apartment complex. All zoning information and development possibilities should be independently verified by the buyer with Polk County. Showings are by appointment only, after contract acceptance. Do not disturb tenants. This property offers a steady income stream with significant potential for future growth and value appreciation.