1210 State 17 Road S, Dundee, FL 33838
- $899,000
- 12
- BD
- 9
- BA
- 3,792
- SqFt
- List Price
- $899,000
- Status
- Active
- Days on Market
- 56
- MLS#
- TB8514488
- Property Style
- Quadruplex
- Year Built
- 1947
- Bedrooms
- 12
- Bathrooms
- 9
- Living Area
- 3,792
- Lot Size
- 57,521
- Acres
- 1.32
- Total Acreage
- 1 to less than 2
- Legal Subdivision Name
- Fla Highlands Co Sub
- MLS Area Major
- Dundee
Property Description
SELLER FINANCING AVAILABLE. CONTACT LISTING AGENT FOR DETAILS. Lake Josephine Apartments is a 9-unit waterfront multifamily asset sitting directly on the shoreline in Dundee, FL. A rare lakefront offering. The property delivers a 12.79% cash-on-cash return in-place with Year 1 proforma climbing to 13.13%, supported by a balanced unit mix of three studios, three 1BR/1BA, and three 2BR/1BA units across 3,792 SF of concrete block construction on a 1.32-acre lot. In-place rents currently sit below market on multiple units, leaving a clear path to grow returns further without renovation risk. With the landlord covering electric, water, sewer, and trash, operations are simple and tenant turnover is straightforward This property’s unique waterfront location enhances its appeal, offering tenants a serene living environment while also providing significant potential for investors looking to capitalize on the property’s natural setting and strong rental demand in Dundee. Lake Josephine Apartments combines solid construction, a diverse unit mix, and an unbeatable lakeside location, making it an exceptional investment opportunity in the heart of Polk County. *DISCLAIMER: ONE UNIT IS NON-CONFORMING*
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Additional Information
- Taxes
- $14861
- Annual Gross Income
- 110067
- Community Features
- No Deed Restriction
- Interior Layout
- Ninguno
- Interior Features
- Ninguno
- Utilities
- Electricity Connected, Water Connected
- Heating
- Electric
- Air Conditioning
- Wall/Window Unit(s)
- Fireplace
- Yes
- Fireplace Description
- Masonry
- Exterior Construction
- Concrete, Frame
- Exterior Features
- None
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Water View
- Lake
- Water Access
- Lake
- Water Frontage
- Lake Front
- Flood Zone Code
- X
- Parcel ID
- 27-28-27-835520-000054
- Legal Description
- FLA HIGHLANDS CO SUB OR LAKE JOSEPHINE VILLA LOTS PB 1 PG 87 LOTS 5 & 6 PART DES AS COMM SE COR LOT 6 RUN N 17 DEG 30 MIN 04 SEC W 130 FT S 72 DEG 25 MIN 43 SEC W 228.25 FT FOR POB RUN S 72 DEG 25 MIN 43 SEC W 246.34 FT N 01 DEG 37 MIN 51 SEC W 75.4 FT N 06 DEG 33 MIN 10 SEC W 133.81 FT N 63 DEG 18 MIN 04 SEC E 201.42 FT TO R/W SELY ALONG R/W 63.96 FT S 03 DEG 22 MIN 20 SEC E 228.36 FT TO POB
Listing courtesy of FLORIDA REALTY INVESTMENTS. 407-207-2220
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