501 AVENUE G SE | MLS #MFRO6420791 | Suncoast Realty Solutions
 
Listing provided courtesy of LPT REALTY, LLCMLS# MFRO6420791MLS Provider
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Welcome to an exceptional HOUSE HACKING and INVESTMENT OPPORTUNITY in the heart of Winter Haven! Legally classified as a SINGLE-FAMILY HOME, this unique property is GRANDFATHERED FOR MULTI-FAMILY USE and is currently configured as two separate living units, making it ideal for INVESTORS, OWNER-OCCUPANTS, or MULTI-GENERATIONAL LIVING. The front unit features 3 BEDROOMS, 1 BATHROOM, its own PRIVATE CARPORT, LAUNDRY ROOM, separate entrance, and private backyard, while the rear unit offers 1 BEDROOM, 1 BATHROOM, a private entrance, private backyard, and is currently rented for OVER $1,200 /MONTH. For added comfort, energy efficiency, and long-term value, the rear unit has been upgraded with a NEW MINI-SPLIT A/C SYSTEM, providing efficient climate control for tenants. The front unit has an estimated rental value of $1,650-$1,750 /MONTH, creating a projected combined rental income of approximately $2,850-$3,000+ /MONTH. Looking for additional upside? One of the bedrooms in the front unit has its OWN EXTERIOR ENTRANCE leading to the patio and offers exciting VALUE-ADD POTENTIAL for a future studio or efficiency conversion by adding a bathroom and kitchenette (buyer to verify all permitting, zoning, and city requirements). Recent 2023 UPDATES include updated kitchen countertops, fresh exterior paint, new flooring and interior paint in the rear unit, along with the installation of the NEW MINI-SPLIT A/C, making this property truly move-in and rent-ready. The home is serviced by ONE WATER METER and TWO SEPARATE ELECTRICAL METERS, allowing each unit to maintain its own electrical service. Perfectly situated just minutes from DOWNTOWN WINTER HAVEN, the famous Chain of Lakes, shopping, dining, healthcare, and schools, you'll also enjoy convenient access to US-27, I-4, Orlando International Airport, Downtown Orlando, and Walt Disney World, along with many of Central Florida's top attractions. As Winter Haven continues to experience significant residential, commercial, and economic growth, this property presents an outstanding opportunity to capitalize on both IMMEDIATE CASH FLOW and LONG-TERM APPRECIATION, whether you're looking to LIVE IN ONE UNIT WHILE RENTING THE OTHER, expand your investment portfolio, or own a versatile income-producing property with exceptional future potential. For added flexibility, the front 3-bedroom unit is also being offered FOR RENT, creating additional options for investors or future owner-occupants. Front Unit was Virtually Staged.

Source: My Florida Regional MLS, MLS#: MFRO6420791

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  • Property Type
    Residential Income
  • Lot
    0.24 acres

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  • Median Age
    38
  • Population Density
    764
  • College Educated
    21%
  • Estimated Median Income
    $44,615
  • Estimated Total Home Owners
    9,127
  • Estimated Total Renters
    4,561
  • Owner / Renter Divide
    67% / 33%
  • Estimated Average Household Size
    3
  • Total Population
    42,268
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 501 AVENUE G SE


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/29/2026Source: My Florida Regional MLS Added to Database
June 29, 2026
4/9/2025Source: My Florida Regional MLS Status Change
Leased
4/4/2025Source: My Florida Regional MLS Price Reduction
$1,595 -5.9%
3/31/2025Source: My Florida Regional MLS Price Increase
$1,220 2.1%
3/31/2025Source: My Florida Regional MLS Status Change
Leased
3/18/2025Source: My Florida Regional MLS Added to Database
March 18, 2025
3/3/2025Source: My Florida Regional MLS Added to Database
March 03, 2025
2/21/2024Source: My Florida Regional MLS Status Change
Leased
2/14/2024Source: My Florida Regional MLS Status Change
Leased
2/7/2024Source: My Florida Regional MLS Status Change
Active
2/3/2024Source: My Florida Regional MLS Status Change
Active
2/3/2024Source: My Florida Regional MLS Status Change
Pending
2/1/2024Source: My Florida Regional MLS Price Reduction
$1,595 -5.9%
2/1/2024Source: My Florida Regional MLS Status Change
Pending
1/25/2024Source: My Florida Regional MLS Price Reduction
$1,095 -8.4%
1/25/2024Source: My Florida Regional MLS Price Reduction
$1,695 -5.6%
1/22/2024Source: My Florida Regional MLS Price Reduction
$1,195 -7.7%
1/22/2024Source: My Florida Regional MLS Price Reduction
$1,795 -5.3%
1/5/2024Source: My Florida Regional MLS Added to Database
January 05, 2024
1/5/2024Source: My Florida Regional MLS Added to Database
January 05, 2024
11/29/2023Source: My Florida Regional MLS Status Change
Sold
10/20/2023Source: My Florida Regional MLS Status Change
Pending
10/10/2023Source: My Florida Regional MLS Added to Database
October 10, 2023