MarthaThomas
BEDS4
BATHS
SQUARE FEET1,080
MLS#TB8542880
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONSOUTH FLORIDA RR
Property Description
Under contract-accepting backup offers. TURNKEY BARTOW DUPLEX WITH STRONG INCOME POTENTIAL - MINUTES FROM DOWNTOWN MAIN STREET! This beautifully renovated duplex is a fantastic investment opportunity offering immediate rental income, modern updates, and an ideal location near the heart of Bartow. The property features two separate 2-bedroom, 1-bath units, each thoughtfully updated with modern flooring, cabinetry, updated bathroom vanities, HVAC systems, and a newer roof. Both units are currently generating $1,285 a month, providing a total gross rental income of $2,570 a month ($30,840 annually) and an attractive estimated cap rate in the 7s. Situated on an approximately 8,433-square-foot lot with convenient parking, this property is designed for easy ownership and strong rental appeal. Residents enjoy being just minutes from Bartow's historic Main Street and downtown district, with convenient access to restaurants, shopping, entertainment, community events, and the area's charming historic character. Whether you are an investor looking to add a turnkey, income-producing property to your portfolio or an owner-occupant seeking the opportunity to live in one unit while generating income from the other, this well-maintained duplex offers flexibility, location, and excellent cash-flow potential. A true turnkey opportunity in the heart of Bartow!
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Heat Pump
Lot Size: 0.19 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $4,605
Year Built: 1956
Amenities
Stone Counters
Thermostat
Window Treatments
Fence
Feature Descriptions
Annual Net Income: 25000.00
Days on Site: 33
Directions: Turn W on Wabush. Turn left on 3rd ave. to property on the right.
Exterior: Block
Flood Zone Code: x
Foundation: Slab
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional
Lot Dimensions: 0.19
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: Appointment Only, Listing Agent Must Accompany, ShowingTime
Special Sale Provisions: None
Utilities: Electricity Connected, Water Connected
Water: Public
Water Access Y/N: No
Windows: Blinds
Zoning: R-2
Listed By / Shown By
Listed By
Agency Name: KELLER WILLIAMS TAMPA CENTRAL
Agency Contact: 813-865-0700
Shown By
Agent Name: Martha Thomas
Agent Phone: (732) 261-9998
Agency Title: Florida Executive Realty
Estimate Your Payment
Estimated Payment
$ 1,063.39 per month $600.89 Principal & Interest $383.75 Property Tax $78.75 Homeowner's InsuranceChange Payment Information
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585 S 3rd Avenue | MLS# TB8542880
This multi-family property located at 585 S 3rd Avenue, Bartow, FL 33830 is currently listed for sale with an asking price of $269,995. Search Bartow real estate on marthathomas.floridaexecutiverealty.com today.