Halcyon Apartments
Closed2237 9th St SE, Winter Haven, FL 33880
Property type
Multifamily
Unit / Space count
21
Price
$3,056,700
Building size
31,412 sf
Rentable area
31,412 SF
Year built
1970
Year renovated
Occupancy
Zoning code
Lot size
1.70 Acres
Sold/status
Sold · Date unknown
Sale price
$3056700
Bedroom count
Property description
Halcyon Apartments is a 21-unit multifamily property located in Winter Haven, FL in Polk County. This waterfront property sits on 1.7 acres of land and is comprised of 20 townhome units and 1 single-family home. All 3 buildings feature concrete block construction and are situated near the shores of Lake Lulu, a 315-acre lake with a connecting canal to the 1,174-acre Lake Eloise. 4 boat docks line the property and residents can admire the relaxing water views right from their bedrooms. The unit mix consists of 12 different floor plans which include 2 studio units, 9 two bedroom units, 8 three bedroom units and 2 four bedroom units. Residents of Halcyon Apartments enjoy several unique amenities including wood-burning fireplaces in the living rooms and bedrooms, stained wood ceilings with exposed beams, vinyl wood and tile flooring, boat dock access, covered parking, screened porches and patios, full-size washer and dryer connections, spacious 2 and 3 story floor plans and beautiful lake views. 5 of the 21 kitchens have recently undergone a full renovation with upgraded appliances, white cabinets and new countertops. Halcyon Apartments is only a quick 8-minute drive to Downtown Winter Haven which features dozens of boutique shops, gourmet eateries, The Ritz historic theatre, a weekly farmers market and monthly activities. Convenient to the property are several national retailers & restaurants including Publix (0.6 Miles), Walmart (1.1 Miles), Chipotle (0.8 Miles), Anytime Fitness (0.7 Miles) & Starbucks (1.6 Miles). Recreation-seekers will find Legoland & Cypress Gardens (a 105-acre theme park) within a 10-minute drive. Halcyon Apartments offers an investor the opportunity to acquire a well-maintained waterfront asset with historically strong occupancy in the popular city of Winter Haven. The property has proven value-add potential with the ability to modernize interiors and exteriors. This waterfront location situated near several major economic drivers, paired with modern amenities and excellent roadway access, creates the ideal multifamily investment in the current and future market.
Property highlights
- 21 Total Units - 1970's Vintage Including 20 Townhome-Style Apartments and 1 Single Family Home
- Situated on Lake Lulu, a 315-Acre Lake with Connecting Canal to the 1,174-Acre Lake Eloise
- 5 of 21 Kitchens Have Undergone a Full Remodel with upgraded Appliances, White Cabinets and New Countertops
- Value-Add Potential to Modernize Interiors and Achieve $150-$200 Premium in Rent
- 13 Out of the 21 Units Have Lakefront Views with Screened-In Back Porches
- Spacious Floor Plans Consisting of 85% Two, Three and Four Bedroom Units with Washer/Dryer Connections
- Amenities Include Wood-Burning Fireplaces, Stained Wood Ceilings & Exposed Beams, Vinyl Wood & Tile Flooring, Access to 4 Boat Docks, Covered Parking, Screened Porches & Patios, Full-Size Washer & Dryer Connections & Beautiful Lake Views
- Convenient to Downtown Winter Haven (2.8 Miles), Publix (0.6 Miles), Walmart (1.1 Miles), Starbucks (1.6 Miles), Legoland (3.8 Miles) & Cypress Gardens (3.8 Miles)