Start making a profit the day you purchase this property. Only one vacancy! Halycon consists of 20 apartments and 1 single family home. The 20 apartments are comprised of 18 townhomes and two studios. There are 12 units plus the single family home which have beautiful lake front views with screened in patios. The single family home is ideal for an owner/manager. All units are very spacious and diverse with 13 different floor plans. Floor plans consist of one, two and three story townhomes. Upgrades have been done to units that have been turned over. The current rents are well below market which presents the opportunity to increase rents. The 13 units with lake views also fetch a premium over the non-lake view units. A new owner has the opportunity to increase rents which will increase NOI in the short-run. Halycon Apartments are located in Winter Haven, Florida. The property is located directly on the ski-size lake of Lake Lulu which is part of a 16 lake chain. Boaters can access all of the lakes via connecting waterways and there are pull-up restaurants located on different lakes. Halycon perfectly situated 45 miles south of Orlando, 45 miles east of Tampa and minutes away from Legoland. The property across the street was just rezoned high density. There is room on the current site for another 6 townhomes to be constructed with a similar rezoning status. This is a true turnkey operation and a fantastic opportunity to either enter the multifamily arena or add it to a growing portfolio.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
