$429,900 1210 State Road 17 Dundee, FL

MLS: O5513855   Type: Income   County: Polk   City: Dundee   Neighborhood: Fla Highlands Co Sub   Zip: 33838   Style: Multi-Family     Taxes: $4,220

Mortgage $2,018 /mo



Half Baths

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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

Garage Y/N 0
MLS Area 33838 - Dundee
Property SubType Multi-Family
Property Type Residential Income
Senior Community Y/N 0
Total Num Buildings 2
Total Units 9
Township 28
Zoning RES

Interior Features

Appliances Range, Refrigerator
Cooling Wall/Window Unit(s)
Flooring Laminate
Heating Wall Units / Window Unit
Interior Features Ceiling Fans(s)
Pets Allowed Y/N Yes
Unit Count 3
Utilities Cable Available, Electricity Connected
Window Features Blinds

Exterior Features

Carport Y/N 0
Construction Materials Block, Wood Frame
Exterior Features Other
Lot Dimensions 150x220
Lot Features In City Limits, Oversized Lot, Street Paved
Lot Size Acres 1.32
Lot Size Square Feet 57521
Parking Features None, Other
Private Pool Y/N 0
Roof Shingle
Water Access Y/N No
Water Extras Yn No
Water View Yn No
Waterfront Feet Total 0
Waterfront Y/N 0

Property Schools

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Gallery (10 photos)

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Property vs Zip Code Avg (33838)

Price 429K Avg 294K

Sqr Feet 4,392 Avg 3,084

Cost / Sqr Ft $98 Avg $96

Taxes $4,220 Avg $2,521

Acres 1.32 Avg 0.7

Visits 265 Avg 138

Days on Site 379 Avg 194

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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