Evergreen Townhomes

Colliers, as exclusive agent, is pleased to introduce you to Evergreen Townhomes in fast-growing Winter Haven which is conveniently located just 36 miles outside of Orlando, FL, and 46-miles away from Tampa, FL. This 38-unit townhome community is well-positioned for future growth thanks to its private, residential neighborhood feel. Exterior amenities include a gated entrance, lush landscaping, swimming pool, clubhouse, dog park, playground, and lake views. In addition to the exterior amenities package, the interiors further set this asset apart from its rental competition due to each unit having a garage, washer/dryer, fully equipped kitchens, and semi-private patios. These comforts will allow an incoming owner to immediately capture $324+/month in rental upside on lease renewals. For a new operator, there is an opportunity to increase net rental income $93,000 in Year 1 just by reducing the embedded loss-to-lease. Units are a healthy mix of 9 two-bedroom/two-and-one-half bath and 29 three-bedroom/two-and-one-half bath townhomes which average 1,425 and 1,625 square feet respectively. Residents are responsible for their own electric and water/sewer, while ownership pays for garbage pickup and common area utilities.