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302 Garrett Road, Avon Park, FL 33825

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For Sale

$465,000

5 beds • 3 baths • 1,980 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $234.85
    Price per square foot

  • 41-50 Years Old
    Age

Explore this Property

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 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.
MLS# 319922

Courtesy Of Keller Williams of Highlands County

(863) 658-3780

Property Features

  • Age
    41-50 Years Old
  • Appliances
    Microwave, Range, Refrigerator
  • Architecture Style
    Other
  • Exterior Type
    Block, Concrete
  • Floor Covering
    Tile
  • Lot Size
    1.73 Acres

Map and Directions

Directions to 302 Garrett Road, Avon Park, FL 33825

Home seller CENTURY 21 Advanced All Service Realty, Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Advanced All Service Realty, Inc.

(863) 385-1181
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.