1201 5TH STREET NE, Winter Haven, FL 33881

• 4 beds |
• 3 baths |
• 2,040 sqft

Property Description

Under contract-accepting backup offers. Well-maintained income property featuring a 3-bedroom / 2-bath main residence plus a detached 1-bedroom / 1-bath unit with private entrance. The property has been operated as a rental by the current owner and offers immediate income with upside potential. The main home features fresh interior paint, durable tile flooring throughout, a large indoor laundry/storage area, and recent upgrades including a newer roof, energy-efficient windows, updated flooring, and new plumbing fixtures (including a newly installed bathtub). Current annual gross income is $28,440 ($2,370/month), with estimated annual market rent of $31,200. Annual net income is approximately $21,312, based on projected 12 months of rent. Monthly operating expenses average approximately $594, including: Property taxes: ~$2,130 annually Insurance: ~$2,600 annually Typical repairs: ~$200/month Water paid by landlord and reimbursed by tenant Tenants pay electricity and trash collection, and handle lawn care. Lease terms are gross with a current 12-month lease in place. Ideally located less than five minutes from Polk State College, Winter Haven Hospital, Publix, and numerous restaurants and services - offering strong rental demand and convenient access to major roadways. Buyers are encouraged to independently verify zoning, unit count, and intended use with local authorities. Excellent opportunity for investors seeking a stabilized duplex with future rent growth potential in a desirable Winter Haven location.

Listing Status:

Pending

Date Added:

February 16, 2026

Data Last Updated:

March 28, 2026 at 9:22PM

Listing Office:

BTW PROPERTIES OF LAKELAND : 863-944-4974

Listing Agent:

George Waller, JR : 863-272-2026

MLS ID:

L4959458

Interior

• General: Other
• Appliances: FreezerRangeRange HoodRefrigerator
• Laundry: Electric Dryer HookupWasher Hookup
• Flooring: Luxury Vinyl
• A/C: Central Air
• Heating: Central

Exterior

• General: Other

Construction

• Roofing: Shingle
• General: BlockStuccoOneBlock

Location

• Road/Access: Paved
• Originating MLS: Stellar MLS
• County: Polk

Lot

• Zoning: R-1CSILVERCREST ADD UNIT 2 PB 22 PGS 18 & 18A BLK 11 LOT 626-28-21-584100-011060

Utilities

• Utilities: Electricity ConnectedSewer Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Fee Simple