www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
28680323
28680324

2319 W Cannon Terrace NW, Winter Haven, FL 33881

DW
FL SL3478383
Keller Williams Realty Smart 1
Listed by Keller Williams Realty Smart 1
$580,000
209 days on market
Updated 26 days ago

Central Florida Triplex | Winter Haven, FL

Details
APN 262819553660000170
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,966
Net Rentable (SqFt) 2,966
Units 3
Cap Rate 7.12%
NOI $41,280
Occupancy 100%
Pro-Forma Cap Rate 7.12%
Pro-Forma NOI $41,280
Price per SqFt $196
Broker Co-Op Yes
Class B
Year Built 1980
Year Renovated 2024
Buildings 1
Stories 1
Acreage 0.330
Investment Type Value Add
Ground Lease No
Ownership Fee Simple

Central Florida Triplex | Winter Haven, FL

Marketing description

Introducing a well-maintained triplex located on a serene cul-de-sac with picturesque views of Lake Cannon, presenting an exceptional investment opportunity with a potential income of $51,600—an amount that can increase with the renovation of the first unit. This property features two completely updated units and one that awaits enhancement. Unit 1 boasts 2 bedrooms and 1.5 bathrooms, with carpet in the living areas and bedrooms, tile in the kitchen and bathrooms, a primary bedroom with a half bath, and a one-car carport with laundry facilities, providing a solid foundation for future upgrades. Unit 2 is fully updated, showcasing modern wood-like tile flooring, granite countertops, brand new stainless steel appliances, new cabinets, and a luxurious full bath with new tile and cabinetry, along with a convenient stackable washer and dryer closet. Unit 3 also offers 2 bedrooms and 1.5 bathrooms, featuring elegant tile throughout, a stylish kitchen with granite countertops, new stainless steel appliances, an inviting kitchen island with seating, and fresh interior paint. The property boasts a new roof, just one year old, and has been enhanced with fresh exterior paint, adding to its curb appeal. Additionally, the private vinyl fenced backyard is ideal for gatherings and relaxation. This triplex is not just a property; it is a lifestyle opportunity waiting to be seized, especially with the potential for increased income through renovations. Schedule your private showing today and explore the possibilities of this residential income venture.

Investment highlights

  • Triplex with 6 bedrooms and 6 bathrooms.

  • Two units fully renovated with modern finishes.

  • One unit ready for renovation to add further value.

  • Located on a quiet street with a fenced backyard.

  • Income potential: ~$51,600 annually once rents are optimized.

Listing Contacts

DW
FL SL3478383
Keller Williams Realty Smart 1
Listed by Keller Williams Realty Smart 1

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$41,280.00
$3,440.00/mo

Valuation Metrics

0
DSCR
7.12%
Cap Rate
7.12%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Dylan Willis
License
SL3478383
Brokerage
Keller Williams Realty Smart 1
Brokerage Phone
407-795-4961
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591