Fanning Sub Real Estate

Welcome to Fanning Subdivision, an inviting community nestled in the heart of Winter Haven, Florida, in scenic Polk County. This charming neighborhood is perfect for those seeking a blend of tranquility and accessibility, making it an ideal place to call home.

Fanning Sub boasts a variety of well-designed homes, each exuding character and warmth. With tree-lined streets and manicured lawns, residents enjoy a picturesque setting that fosters a strong sense of community. The subdivision is known for its friendly atmosphere, where neighbors become friends and children play freely in safe surroundings.

One of the standout features of Fanning Sub is its proximity to Winter Haven's vibrant amenities. Just a short drive away, you’ll find an array of shopping, dining, and entertainment options. Whether you're in the mood for a cozy café, a bustling shopping center, or a relaxing day at one of the many local parks, everything you need is within easy reach.

For outdoor enthusiasts, Fanning Sub is conveniently located near the beautiful Chain of Lakes, offering opportunities for fishing, boating, and picnicking. The area is also home to several golf courses and nature trails, perfect for those who love to stay active and enjoy Florida’s sunny climate.

With its prime location, friendly atmosphere, and access to recreational activities, Fanning Subdivision is more than just a place to live; it’s a community where memories are made. Discover your dream home in Fanning Sub, where comfort meets convenience in the heart of Winter Haven!

$319,900

4 Beds ⋅ 2 Baths ⋅ Fanning Sub SubDv. ⋅ 33880 Zip Code

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.

501 Avenue G Se, Winter Haven

Fanning Sub Real Estate

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