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$699,000 / 5br - 3900ft2 - Historic Downtown Multifamily Asset | Strong Cash Flow + Value-Add Upside (Bartow)
5BR / 5Ba
3900ft2
available now
QR Code Link to This Post
Historic Downtown Multifamily Asset | Stabilized Cash Flow + Continued Upside
Location. Income. Appreciation Potential.
Rare opportunity to acquire a substantially repositioned 5-unit multifamily asset in the heart of Downtown Bartow, Florida — a strengthening rental corridor with increasing demand and limited quality inventory.
This is not a distressed property. This is an actively improving, income-producing asset with major capital improvements already completed and additional upside remaining for the next owner.
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PROPERTY OVERVIEW
• 5 Residential Units
• Unit Mix:
- (3) 2BR / 1BA Units
- (1) 1BR / 1BA Unit
- (1) Studio Apartment
• Approx. 3,900+ SF Living Area
• Large Historic Building Just Off Main Street
• Strong Workforce Rental Market
• Walking Distance to Downtown Bartow Amenities
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INTERIOR REMODEL + CAPITAL IMPROVEMENTS
The interior has been extensively remodeled and repositioned over recent years with ongoing upgrades continuing throughout the property.
Completed and recent improvements include:
• New waterproof laminate flooring
• Existing flooring refinished and updated where applicable
• New subflooring installed in key areas
• Interior repainting and modernization
• Updated kitchens and bathrooms throughout multiple units
• Wainscoting and trim enhancements underway
• Lighting and fixture upgrades
• Tankless water heater installed in studio unit
• Multiple new hot water heaters installed
• Motion lighting and exterior security improvements
• Porch and balcony structural upgrades
• Ongoing curb appeal improvements
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MAJOR SYSTEM UPGRADES
Significant infrastructure improvements already completed include:
• New Roof (2022)
• HVAC Upgrades / New Systems (2022)
• Electrical Upgrades (2022)
• Plumbing Improvements
• New Vinyl Siding (2022)
• Exterior Stair & Balcony Reconstruction (2023)
• Multiple New Water Heaters (2023)
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CURRENT RENT PROFILE
Current and trending market rents:
• (3) 2BR / 1BA Units
$1,300 / $1,450 / $1,650 Monthly
• (1) 1BR / 1BA Unit
Approx. $1,200 Monthly
• (1) Studio Apartment
Approx. $1,250 Monthly
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PROJECTED STABILIZED INCOME
Projected Gross Monthly Income:
Approximately $6,850 – $7,550/month
Projected Gross Annual Income:
Approximately $82,200 – $90,600/year
Additional upside remains through:
• Continued cosmetic upgrades
• Utility separation opportunities
• Rent optimization
• Operational efficiencies
• Potential future unit expansion/reconfiguration (buyer to verify)
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LOCATION ADVANTAGE
Prime Downtown Bartow location near:
• Polk County Courthouse
• Government Offices
• Restaurants and Retail
• Employment Centers
• Lakeland and Winter Haven Corridors
Strong workforce rental demand continues throughout the area.
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INVESTMENT POSITIONING
This property offers:
• Immediate income generation
• Existing tenant demand
• Significant completed capex
• Historic character with modern upgrades
• Continued appreciation and NOI upside potential
Minimal additional work is required compared to comparable value-add multifamily opportunities currently available in the market.
As lease-up and stabilization continue, both income and valuation trajectory are expected to increase accordingly.
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TERMS
• Proof of funds required prior to showings
• Showings by appointment only
• Do not disturb tenants
• Buyer pays closing costs
• Direct buyers or serious agents only
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POSITION STATEMENT
This is a controlled repositioning — not a distressed liquidation.
The heavy lifting has already been completed:
major systems, interior renovations, operational stabilization, and income positioning.
The next owner steps into momentum with remaining upside still intact.
Buy now while value acceleration is still occurring.