1210 State 17 Road S, Dundee, FL 33838
- $849,000
- 12
- BD
- 9
- BA
- 3,792
- SqFt
- List Price
- $849,000
- Status
- Active
- MLS#
- TB8514488
- Price Change
- ▼ $50,000 1785357051
- Property Type
- Quadruplex
- Bedrooms
- 12
- Bathrooms
- 9
- Living Area
- 3,792
- Lot Size
- 57,521
- Region
- Dundee
- Area
- 3792
- County
- Polk
- Acres
- 1.32
- Year Built
- 1947
Property Description
The Apartment Brokers present Lake Josephine Apartments a 9-unit waterfront multifamily asset sitting directly on the shoreline in Dundee, FL.? A rare lakefront offering.? The property has 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*
Additional Information
- Roof
- Shingle
- Land Type
- No Deed Restriction
- Lot Size
- 57,521
- Construction
- Concrete, Frame
- Year Built
- 1947
- Sewer
- Septic Needed
- Heating
- Electric
- Subdivision
- Fla Highlands Co Sub
- Water
- Lake Front
- Living Area
- 3,792
- Waterfront
- Lake Front
Listing courtesy of FLORIDA REALTY INVESTMENTS. 407-207-2220
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