302 Garrett Road, Avon Park, FL 33825

• 5 beds |
• 3 baths |
• 1,980 sqft

Property Description

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.

Listing Status:

Active

Listing Office:

KW PEACE RIVER PARTNERS : 863-658-3780

MLS ID:

319922

Interior

• General: Unfurnished
• Appliances: Electric Water HeaterMicrowaveOvenRangeRefrigerator
• Flooring: Tile
• A/C: NoneWall Unit(s)
• Heating: NoneWall Furnace

Exterior

• Style: One Story
• Other Structures: None
• Pool: None
• Parking: DrivewayOn Street

Construction

• Roofing: Shingle
• General: BlockConcreteStucco1

Location

• Road/Access: Paved
• Originating MLS: HLAND_HEART
• County: Highlands

Lot

• Zoning: LACEY HILL-CONNELL UNREC SOUTH 97.02 OF WEST 795 FT OF THE NW 1/4 OF SE 1/4 LESS WEST 20 FT FULLY DESC IN OR 393-PG 857 T A NO 78AC-27-33-28-150-0000-078A

Utilities

• Utilities: Sewer Not Available
• Water: Public
• Sewer: NoneSeptic Tank

Financial

• Source: HLAND_HEART

This listing courtesy of KW PEACE RIVER PARTNERS