Fanning Sub Real Estate

Welcome to Fanning Subdivision, a hidden gem nestled in the heart of Winter Haven, Florida, in beautiful Polk County. This charming community offers the perfect blend of tranquility and accessibility, making it an ideal choice for families, retirees, and anyone looking to enjoy the quintessential Florida lifestyle.

Fanning Sub is characterized by its picturesque tree-lined streets and well-maintained homes, each exuding a unique charm that reflects the warmth of the community. With a variety of architectural styles, residents here enjoy a sense of pride and belonging. The subdivision is known for its friendly neighbors and a welcoming atmosphere, where community spirit thrives.

One of the standout features of Fanning Sub is its proximity to Winter Haven's vibrant downtown area, filled with delightful shops, restaurants, and cultural attractions. Residents can enjoy the natural beauty of the area, with nearby lakes and parks offering ample opportunities for outdoor recreation, including boating, fishing, and hiking. The famous Chain of Lakes is just a stone's throw away, perfect for water enthusiasts and nature lovers alike.

Families will appreciate the access to quality schools and family-friendly amenities, ensuring that children can thrive in a nurturing environment. With easy access to major highways, commuting to nearby cities like Lakeland and Orlando is a breeze, making Fanning Sub an ideal location for those who work in the surrounding areas.

In Fanning Subdivision, you’ll find not just a place to live, but a community to call home. Discover the charm and convenience of this delightful neighborhood, where your next chapter awaits!

$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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