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.
For sale
Price cut: $10.1K (7/18)
$494,900
302 Garrett Rd, Avon Park, FL 33825
5beds
--sqft
Est.:
Multi Family
Built in 1976
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Updated windowsNew tile flooring
- 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
Tour with a buyer's agent
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
Video & virtual tour
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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