$429,900 1210 State Road 17 Dundee, FL

MLS: O5513855   Type: Income   County: Polk   City: Dundee   Neighborhood: Fla Highlands Co Sub   Zip: 33838   Style: Five or More     Taxes: $3,961

Mortgage $2,018 /mo



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JUST REDUCED $50K! Excellent Opportunity to Own an 8-Unit Apartment Complex on Lake Josephine! Lake Josephine Apartments is located in the Heart of Dundee off of Highway 27. Apartment is made up of a main building with 8 units (three Studio/1 BAs, three 2 BR/1 BAs, two 1 BR/1 BAs), 14+ parking spaces and a secondary building with a potential laundry area and another 1 BR/1 BA. Apartment is currently running below fair markets rents with at least a 10% in rent increases possible and even more with some minimal upgrades. Current owner has already received approval by the city to build another 8 unit building on the property as well. This apartment has tremendous upside with some quality upgrades and management. Location is perfect in the growing City of Dundee just minutes from everything including restaurants, shopping, major streets and schools. Please call to schedule a showing today!

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Price History

6/7/2017 Listed $479,900
11/15/2017 7% - $449,900
3/7/2018 5% - $429,900

Financing Available Cash, Conventional, Seller Financing
Hoa Common Assn None
Housing For Older Persons N/A
Legal Subdivision Name FLA HIGHLANDS CO SUB
Location In City Limits, Lot - Oversized, Street Paved
Lot Number 6
MLS Area Dundee
New Construction Y/N No
Realtor Info Sold As-Is
Special Sale None
Taxes 3961
Total Num Buildings 2
Utilities Cable Available, City Water, Electric, Septic
Water Access Y/N No
Zoning RES

Interior Features

A/C Wall Units/Window
Appliances Included Range, Refrigerator
Floor Covering Laminate
Heating Wall Units / Window Unit
Interior Features Blinds/Shades, Ceiling Fan(S)
Kitchen Features Closet Pantry
Pets Allowed Yes
Total Units 9

Exterior Features

Exterior Construction Block, Wood Frame
Exterior Features Other
Garage Carport None
Garage Features Other
Lot Dimensions 150x220
Lot Sq Ft 57521
Pool None
Property Style Five or More
Roof Shingle
Sidewalk Yn No
Water Extras Yn No
Water Frontage Yn No
Water View Yn No
Waterfront Feet 0

Property Schools

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Gallery (10 photos)

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Property vs Zip Code Avg (33838)

Price 429K Avg 429K

Sqr Feet 4,392 Avg 4,392

Cost / Sqr Ft $98 Avg $98

Taxes $3,961 Avg $3,961

Acres 1.32 Avg 1.32

Visits 139 Avg 138

Days on Site 286 Avg 286

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Listing Provided Courtesy Of: Mighty Realty Inc

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Location & Address

Michael Simpkins
109 Harbor Village Ln
Apollo Beach, FL