520 S Broadway Avenue, Bartow, FL 33830

Property Description

Virtually Staged. Please respect the privacy of tenants, and do not disturb. A 5 unit multi-family gem from the year 1910 in up-and-coming Bartow Florida. Welcome to Broadway Avenue South where the street is lined with old oak trees, professional offices, and the spirit of Bartow history. These units are fully leased out. Roof replaced in 2021, HVAC improvements in 2022, plumbing improvements in 2025, Interior improvements in some units (Kitchen, laminate waterproof flooring, bathroom,) New onsite laundry 2026 with 2 washers and 2 dryers that provides additional income opportunity projected at $5,200 annual, and so much more. Annual income is based on (3) 2Bed/1bath units, (1) 1Bed/Bath unit, and (1) studio w full bath. Total income is $6,600 Month $79,000.00 annual. Water and Electric Utilities are included as a cost to Landlord at approximately $9,000 a year total. This investment is a solid 8 year gross $ on $ return on purchase. Location is very close to Downtown and offers favorable appreciation potential as Bartow continues to grow, and attract more small business, local shopping, restaurants, night options, coffee cafes, and more. When you come to Bartow you will see why this is a great attraction for entrepreneurs, professionals, artists, and corporate growth.