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For sale
  • Price cut: $10.1K (7/18)
    $494,900

    302 Garrett Rd, Avon Park, FL 33825

    5beds
    --sqft
    : 
    Multi Family
    Built in 1976
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Updated windowsNew tile flooring
    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 1: 1 bedroom / 1 bathroom – currently rented at $1,250/month with a tenant on a 6-month lease Unit 2: 2 bedroom / 1 bathroom – vacant, previously rented for $1,450/month Unit 3: 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.
    101 days
    on Zillow
    |
    243
    |
    19
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 18, 2025 at 02:01pm

    Listed by:

    KW PEACE RIVER PARTNERS

    Source: HFMLS,MLS#: 314969Originating MLS: Heartland Association Of Realtors
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 302 Garrett Rd.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • None, Wall Furnace
    Cooling
    • None, 1 Unit, Wall Unit(s)
    Appliances
    • Included: Electric Water Heater, Microwave, Oven, Range, Refrigerator
    Features
    • Ceiling Fan(s), Cable TV, Window Treatments
    • Flooring: Tile
    • Windows: Blinds

    Property

    Parking
    • Parking features: Driveway, On Street
    Features
    • Levels: One
    • Stories: 1
    • Pool features: None
    • Has view: Yes
    • View description: Lake
    • Has water view: Yes
    • Water view: Lake
    • Frontage length: 765
    Lot
    • Size: 1.73 Acres
    Details
    • Additional parcels included: ,,
    • Parcel number: C2733281500000078A
    • Zoning description: R3
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: One Story
    • Property subtype: Multi Family
    Materials
    • Block, Concrete
    • Roof: Shingle
    Condition
    • Good Condition,Resale
    • Year built: 1976

    Utilities & green energy

    • Sewer: None, Septic Tank
    • Water: Public
    • Utilities for property: Sewer Not Available

    Community & HOA

    Community
    • Features: None
    HOA
    • Has HOA: No
    Location
    • Region: Avon Park

    Financial & listing details

    • Annual tax amount: $2,992
    • Date on market: 5/1/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Road surface type: Paved
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