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Central Florida Triplex | Winter Haven, FL 2319 W Cannon Ter NW 3 Unit Apartment Building $595,000 ($198,333/Unit) 8.60% Cap Rate Winter Haven, FL 33881

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INVESTMENT HIGHLIGHTS

  • Strong Annual Income: Generates $51,200 per year with additional upside by renovating Unit 1.
  • Major Capital Improvements: New roof, fresh exterior paint, and updated interiors across units.
  • Updated & Turnkey: Two units fully renovated with modern finishes, granite countertops, and new stainless steel appliances.
  • Desirable Layout & Features: Each unit offers 2 beds/1.5 baths; private vinyl-fenced backyard and on-site laundry/carport for added convenience.

EXECUTIVE SUMMARY

Introducing a well-maintained triplex located on a serene cul-de-sac with picturesque views of Lake Cannon, presenting an exceptional investment opportunity with a potential income of $51,200—an amount that can increase with the renovation of the first unit. This property features two completely updated units and one that awaits enhancement. Unit 1 boasts 2 bedrooms and 1.5 bathrooms, with carpet in the living areas and bedrooms, tile in the kitchen and bathrooms, a primary bedroom with a half bath, and a one-car carport with laundry facilities, providing a solid foundation for future upgrades. Unit 2 is fully updated, showcasing modern wood-like tile flooring, granite countertops, brand new stainless steel appliances, new cabinets, and a luxurious full bath with new tile and cabinetry, along with a convenient stackable washer and dryer closet. Unit 3 also offers 2 bedrooms and 1.5 bathrooms, featuring elegant tile throughout, a stylish kitchen with granite countertops, new stainless steel appliances, an inviting kitchen island with seating, and fresh interior paint. The property boasts a new roof, just one year old, and has been enhanced with fresh exterior paint, adding to its curb appeal. Additionally, the private vinyl fenced backyard is ideal for gatherings and relaxation. This triplex is not just a property; it is a lifestyle opportunity waiting to be seized, especially with the potential for increased income through renovations. Schedule your private showing today and explore the possibilities of this residential income venture.

ATTACHMENTS

2319 W Canon Ter

FINANCIAL SUMMARY (ACTUAL - 2025)

ANNUAL ANNUAL PER SF
Gross Rental Income $51,200 $13.31
Other Income - -
Vacancy Loss - -
Effective Gross Income $51,200 $13.31
Net Operating Income - -

FINANCIAL SUMMARY (ACTUAL - 2025)

Gross Rental Income
Annual $51,200
Annual Per SF $13.31
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $51,200
Annual Per SF $13.31
Net Operating Income
Annual -
Annual Per SF -

PROPERTY FACTS

Price $595,000
Price Per Unit $198,333
Sale Type Investment
Cap Rate 8.60%
No. Units 3
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Single-Family Home
Building Class C
Lot Size 0.33 AC
Building Size 3,846 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1980/2025

AMENITIES

SITE AMENITIES

  • 24 Hour Access
  • Waterfront
  • Wheelchair Accessible
  • Storage Space

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+2 2 - -
  • Listing ID: 38672808

  • Date on Market: 12/5/2025

  • Last Updated:

  • Address: 2319 W Cannon Ter NW, Winter Haven, FL 33881

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