Downtown Oaks Apartments

Winter Haven is the second most populated city in Polk County Florida. and has an estimated 2024 population of 59,650. Winter Haven is currently growing at a rate of 4.03% annually and its population has increased by 17.9% since the most recent census. It is centrally located between Orlando and Tampa and is known as The Chain of Lakes City due to its numerous fresh water lakes.Downtown Oaks Apartments is a unique ten-unit multifamily community nestled in the heart of Downtown Winter Haven, Florida, within Polk County. Built in 1922, this property comprises a duplex and an eight-plex, exuding timeless charm while boasting a modern "effective year" rating of 2003 by Polk County. Step into the eight-plex to discover the allure of yesteryears, with stained wood floors and elegant french doors leading to the bedrooms. Each apartment offers wall air conditioning units for personalized comfort, while skylights on the second floor enhance the ambiance. Situated on a single 0.29-acre parcel, both buildings showcase durable vinyl siding complemented by a membrane-type roof. Recent investments include over $40,000 in rewiring the eight-plex in 2022, along with the installation of new electric panels in most units. Additional covered carport parking at the rear of the property adds further value to this exceptional investment opportunity.