Description
Incredible multi-family investment opportunity in a growing area of Avon Park! Full renovations completed in 2022 include new tile flooring throughout, updated windows, doors, kitchens, and bathrooms, as well as new fascia and soffit boards. The property has been rewired with updated electrical systems, including separate panels and meters for each unit This income-producing triplex sits on a cleared and surveyed 1.73-acre parcel zoned for multi-family residential use with city water already connected. Located just minutes from the newly developed Twin Lakes community, this property is ideal for both immediate cash flow and long-term development. The triplex consists of three units: Unit 306: 1 bedroom / 1 bathroom " currently rented at $1,250/month with a tenant on a 6-month lease Unit 304: 2 bedroom / 1 bathroom " vacant, previously rented for $1,450/month Unit 302: Slightly larger 2 bedroom / 1 bathroom " vacant, also previously rented for $1,450/month The combined potential monthly rental income is $4,150, making this a high-yield opportunity for investors looking to grow their portfolio. With two units vacant and easy to show, you can start generating income immediately while leasing up or renovating to add further value. The expansive 1.73 acres offer space and flexibility for future development " add more multi-family units or consider rezoning opportunities (buyer to verify with city/county). The land is cleared, flat, and ready for your vision. Whether youre a seasoned investor or just getting started, this property checks all the boxes: location, zoning, rental income, and room to grow. Dont miss your chance to capitalize on the rising demand in this rapidly developing area.
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5BEDS
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1.73ACRES
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3BATHS
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01/2 BATHS
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1,980SQFT
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$235$/SQFT
School Information
Description
Incredible multi-family investment opportunity in a growing area of Avon Park! Full renovations completed in 2022 include new tile flooring throughout, updated windows, doors, kitchens, and bathrooms, as well as new fascia and soffit boards. The property has been rewired with updated electrical systems, including separate panels and meters for each unit This income-producing triplex sits on a cleared and surveyed 1.73-acre parcel zoned for multi-family residential use with city water already connected. Located just minutes from the newly developed Twin Lakes community, this property is ideal for both immediate cash flow and long-term development. The triplex consists of three units: Unit 306: 1 bedroom / 1 bathroom " currently rented at $1,250/month with a tenant on a 6-month lease Unit 304: 2 bedroom / 1 bathroom " vacant, previously rented for $1,450/month Unit 302: Slightly larger 2 bedroom / 1 bathroom " vacant, also previously rented for $1,450/month The combined potential monthly rental income is $4,150, making this a high-yield opportunity for investors looking to grow their portfolio. With two units vacant and easy to show, you can start generating income immediately while leasing up or renovating to add further value. The expansive 1.73 acres offer space and flexibility for future development " add more multi-family units or consider rezoning opportunities (buyer to verify with city/county). The land is cleared, flat, and ready for your vision. Whether youre a seasoned investor or just getting started, this property checks all the boxes: location, zoning, rental income, and room to grow. Dont miss your chance to capitalize on the rising demand in this rapidly developing area.
© 2025 Heartland Association of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Jeff Cohn | Heritage Group. Data last updated: 2025-12-06T20:42:40.447.