107 Lake Elizabeth Dr #B Winter Haven, FL 33884
FOR SALE $89,990
Additional Details
- Important Details: --> Option to keep current tenant @ $1000 or Vacant at close --> Flood Zone X (No flood insurance required)
- Features: Rental Opportunity in Winter Haven — This 2-bedroom, 1-bath home offers 625 SQFT and is available with the current tenant paying $1,000/month or vacant at closing, giving investors immediate flexibility. Located in Flood Zone X (no flood insurance required), the property sits on a large double lot, providing added value and future potential. Whether you're looking for immediate cash flow or prefer to reposition the property, this is a great low-entry investment opportunity in a strong rental market.
- Potential ARV: $140,000-$150,000
- Rehab Description: To maximize rental income, complete light interior updates, apply fresh interior paint, and perform a thorough deep clean. With minimal improvements, market rents are projected at approximately $1,250–$1,350 per month, offering strong cash flow upside. To maximize resale value, refresh the interior with new flooring as needed, update the kitchen and bathroom, apply fresh interior paint, replace dated fixtures, and complete a thorough deep clean to create a market-ready product. The roof is approximately 8 years old and in good condition, while the 10-year-old AC is in working order, helping minimize major capital expenses.
- Comparable Rent: $1250-$1350/MO
- Ideal Investment Strategy: Rental/Resale
- Construction: FR
- Comp 1: 1607 2ND STREET SE, WINTER HAVEN, FL 33880 2/1 576 SQFT 1930 Build SOLD @ $142,000 4/28/26 (Smaller/dated)
- Comp 2: 221 AVENUE F SE, WINTER HAVEN, FL 33880 2/2 804 SQFT 1948 Build SOLD @ $185,000 7/7/26 (2-Bath and bigger/some updates)
- Comp 3: 425 AVENUE B NE, WINTER HAVEN, FL 33881 2/1 672 SQFT 1920 Build SOLD @ $157,900 5/29/26 (Dated)
- Rental Comp 1: 1210 AVENUE Z SE, #A, WINTER HAVEN, FL 33884 1/1 500 SQFT Rented @ $1150/MO
- Rental Comp 2: 1814 3RD ST SE, #B, WINTER HAVEN, FL 33880 2/1 700 SQFT Rented 2 1350/MO
- Rental Comp 3: 1814 3RD ST SE, #D, WINTER HAVEN, FL 33880 2/1 730 SQFT Rented @ $1400/MO
- Hard Money:
