1210 State Road 17 - Apartments FOR SALE


Dundee, FL 33838
$999,997 USD
407-907-0350
1210 State Road 17, Dundee, FL for Sale
$999,997 USD
Apartments - FOR SALE
1/14
null | 7.73% Cap Rate

1210 State Road 17
Dundee, FL 33838


HIGHLIGHTS

  • Situated directly on the shores of Lake Josephine in Dundee, Florida, offering tenants serene lake views and recreational opportunities.
  • The property comprises nine units, including three studios, three one-bedroom/one-bathroom units, and three two-bedroom/one-bathroom units, catering t
  • Built in 1947 with durable concrete block construction and a pitched shingle roof.

OVERVIEW

The Apartment Brokers present Lake Josephine Apartments, a nine-unit multifamily property located in the City of Dundee, Polk County, Florida. Built in 1947, this property offers a rare opportunity to own a waterfront multifamily property situated directly in front of Lake Josephine. Constructed from concrete block and featuring a pitched shingle roof, Lake Josephine Apartments a diverse unit mix to accommodate a variety of tenant needs, including three studio units, three one-bedroom, one-bathroom units, and three two-bedroom, one-bathroom units. Both electricity and water utilities are covered by the landlord, with water being provided by the city. 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.

FOR SALE DETAILS

PRICE

$999,997 USD

PRICE/SF

$228 USD /SF

# OF UNITS

9

PRICE/UNIT

$111,111

CAP RATE

7.73%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lake Josephine Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

PARKING SPACES

14

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

RES

APN/PARCEL ID

27-28-27-835520-000054

ASK ABOUT THIS PROPERTY

Tito UrbanoThe Apt BrokersMore Info
407-907-0350

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Tito UrbanoThe Apt BrokersMore Info
407-907-0350

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.