302 Garrett Road

Avon Park, FL 33825

  • 5 Bed(s)
  • 3 Bath(s)
  • 0 Sqft
  • 1.73
    Acres(Lot)
$505,000

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 1: 1 bedroom / 1 bathroom – currently rented at $1,250/month with a tenant on a 6-month lease

unit 2: 2 bedroom / 1 bathroom – vacant, previously rented for $1,450/month

unit 3: 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 you’re a seasoned investor or just getting started, this property checks all the boxes: location, zoning, rental income, and room to grow. don’t miss your chance to capitalize on the rising demand in this rapidly developing area.

  • Property Type

    Residential Income

  • County

    Highlands

  • Style

    Residential Income

  • AD ID

    49565055

Sell a home like this and save $29,801 Find Out How

Statistics Bottom Ads 1
Google Ads

Property Details

Statistics Bottom Ads 2
Google Ads
Sidebar Ads 1
Google Sidebar Ads
Learn More about this Property
Sidebar Ads 2
Google Sidebar Ads
Sidebar Ads 2
Google Sidebar Ads

The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of the Heartland Association of REALTORS®. 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. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. © 2020 Heartland Association of REALTORS®. All rights reserved.

BuyOwner last updated this listing 05/05/2025 @ 05:06

  • MLS: 314969
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: HLAND

is a Home, with 5 bedrooms which is for sale, it has 0 sqft, 2 sized lot, and 0 parking. are nearby neighborhoods.