5 Units cash flowing in Winter Haven
Cash flowing MFH in Winter Haven FL
Marketing description
investors focused on yield and controlled value creation.
Recent capital improvements materially reduce forward-looking risk. Upgrades include a new metal roof, modernized HVAC systems, and a series of interior and exterior enhancements completed within the past year. These improvements position the asset as a low-maintenance hold with minimized immediate capital expenditure requirements.
The property features efficient, functional unit layouts and benefits from established tenancy, supporting consistent occupancy trends. Its location within a high-demand rental corridor provides proximity to retail centers, dining, schools, and major transportation routes, reinforcing tenant retention and ongoing leasing velocity.
The broader Winter Haven market continues to experience steady population growth and redevelopment activity, strengthening rental demand and long-term appreciation fundamentals. This macro backdrop supports both income stability and asset appreciation over time.
Ideal for investors seeking passive income, portfolio expansion, or a structured value-add opportunity, this asset offers a balanced profile of current performance and upside potential.
Financials, rent roll, and seller financing terms available upon request.
Investment highlights
Income Upside Opportunity
- Current income: approximately $56,928 annually
- New roof /updated interiors on all units
- Stabilized potential: $82,800 annually
- Meaningful gap between in-place and market rents
- One vacant unit and multiple under-market leases create immediate revenue lift
Enhanced Yield at Adjusted Price
- Net Operating Income (NOI): about $57,800
- Asking price: $589,500
- Cap rate: approximately 9.8 percent
- Pricing adjustment strengthens already attractive cash-on-cash dynamics
Value-Add Through Rent Repositioning
- Three 1/1 units trending below $1,200 market level
- One vacant 2/1 projected at $1,400
- One stabilized 4/2 unit anchoring income
- Upside driven primarily by operational execution, not construction risk
Operational Efficiency Potential
- Estimated annual expenses: ~$25,000
- Includes management, insurance, maintenance, and miscellaneous
- Expense profile suggests potential margin expansion with tighter oversight
Diverse Unit Mix Reduces Risk
- Combination of 1/1, 2/1, and 4/2 units
- Broad tenant appeal across income tiers and household sizes
- More resilient than single-tenant or homogeneous assets
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