Commercial property in Winter Haven, Florida 725.94 sq.m. № 1389385
ID1389385
$ 950 000
- EUR €
- USD $
- RUB ₽
- GBP £
Property description
Spirit Lake Estates – Prime Multifamily Investment Opportunity Welcome to Spirit Lake Estates, a premier multifamily investment property located at the highly sought-after intersection of Spirit Lake Road and Bernie Hill Court in Winter Haven, Florida. This expansive property spans 2.38 acres, offering ample space and a peaceful setting for both residents and investors alike. The estate features nine rentable units, each designed to provide comfortable and practical living spaces, making this an ideal opportunity for those looking to expand their real estate portfolio. With a solid foundation for generating consistent rental income, Spirit Lake Estates offers great potential for long-term returns. Situated in a rapidly growing area, this property provides easy access to local amenities, shopping centers, and major roadways, ensuring high demand for rental units. Whether you’re an experienced investor or someone seeking to enter the multifamily real estate market, Spirit Lake Estates presents a unique opportunity for growth and profitability.
Key Features:
• 9 rentable units
• 2.38 acres of prime land
• Conveniently located at the intersection of Spirit Lake Road & Bernie Hill Court, Winter Haven, FL
• Close to shopping, dining, and major transportation routes
• Strong rental income potential and future value appreciation
Invest in Spirit Lake Estates today and secure a property that offers both immediate returns and long-term growth in the heart of Winter Haven!
MLS #: P4932273
Winter Haven - Statistics
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| Parameters | Winter Haven |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 1 400.00 |
| Apartment (1 bedroom) Outside of Centre | $ 1 250.00 |
| Apartment (3 bedrooms) in City Centre | $ 2 200.00 |
| Apartment (3 bedrooms) Outside of Centre | $ 2 050.00 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | $ 2 076.50 |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 1 826.50 |
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| Parameters | Winter Haven |
|---|---|
| Crime Index | 48.53 |
| Cost of Living and Rent Index | 47.70 |
| Purchasing Power Index | 193.76 |
| Restaurant Price Index | 54.14 |
| Property Price to Income Ratio | 1.95 |
| Safety Index | 51.47 |
| Cost of Living Index | 59.82 |
| Rent Index | 32.90 |
| Groceries Index | 70.43 |
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| Parameters | Winter Haven |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 18.75 |
| Meal for 2 People, Mid-range Restaurant, Three-course | $ 72.50 |
| McMeal at McDonalds (or Equivalent Combo Meal) | $ 9.50 |
| Domestic Beer (0.5 liter draught) | $ 4.00 |
| Imported Beer (0.33 liter bottle) | $ 5.75 |
| Coke/Pepsi (0.33 liter bottle) | $ 2.25 |
| Water (0.33 liter bottle) | $ 1.88 |
| Cappuccino (regular) | $ 4.54 |
| Markets | |
| Milk (regular), (1 liter) | $ 1.15 |
| Loaf of Fresh White Bread (500g) | $ 3.08 |
| Eggs (regular) (12) | $ 2.69 |
| Local Cheese (1kg) | $ 8.81 |
| Water (1.5 liter bottle) | $ 2.08 |
| Bottle of Wine (Mid-Range) | $ 8.98 |
| Domestic Beer (0.5 liter bottle) | $ 1.73 |
| Imported Beer (0.33 liter bottle) | $ 3.00 |
| Cigarettes 20 Pack (Marlboro) | $ 8.00 |
| Apples (1kg) | $ 5.12 |
| Chicken Fillets (1kg) | $ 9.11 |
| Oranges (1kg) | $ 5.45 |
| Potato (1kg) | $ 2.62 |
| Lettuce (1 head) | $ 1.71 |
| Rice (white), (1kg) | $ 3.56 |
| Tomato (1kg) | $ 4.62 |
| Banana (1kg) | $ 1.31 |
| Onion (1kg) | $ 3.61 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 12.37 |
| Transportation | |
| One-way Ticket (Local Transport) | $ 3.00 |
| Monthly Pass (Regular Price) | $ 48.75 |
| Gasoline (1 liter) | $ 0.87 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | $ 23 500.00 |
| Taxi Start (Normal Tariff) | $ 3.37 |
| Taxi 1km (Normal Tariff) | $ 1.24 |
| Taxi 1hour Waiting (Normal Tariff) | $ 30.00 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | $ 23 000.00 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | $ 276.66 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | $ 52.50 |
| $ 47.00 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | $ 5 011.11 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.64 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | $ 30.00 |
| Tennis Court Rent (1 Hour on Weekend) | $ 15.00 |
| Cinema, International Release, 1 Seat | $ 10.50 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | $ 45.91 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 53.33 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 71.47 |
| 1 Pair of Men Leather Business Shoes | $ 78.33 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 600.00 |
| International Primary School, Yearly for 1 Child | $ 10 000.00 |
Data are provided by Numbeo.com and are based on its users survey. Florida.realestate can not guarantee the validity of these data.
Contact the seller
CityWinter Haven
Address5242 SPIRIT LAKE ROAD
TypeCommercial property
Living space725.94 m²
- m²
- sq. ft
Completion dateIV quarter, 1965
Price
- Price
- per m²
$ 950 000
- EUR €
- USD $
- RUB ₽
- GBP £
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