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Angie Gooden

agoodenrealtor@gmail.com +1(843) 576-9551

$ 899,000

Est. payment | -/mo

12 Beds

9 Baths

3,792 SqFt

Save Virtual Tour

$ 899,000

Est. payment | -/mo

Save Virtual Tour

12 Beds

9 Baths

3,792 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,792 sqft

Price per Sqft $237

Subdivision Fla Highlands Co Sub

MLS Listing ID TB8514488

Bedrooms 12

HOA Y/N No

Year Built 1947

Annual Tax Amount $14,861

Lot Size 1.320 Acres

Acres 1.32

Lot Dimensions 150x220

Property Sub-Type Quadruplex

Source Stellar MLS

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*

Location

State FL

County Polk

Community Fla Highlands Co Sub

Area 33838 - Dundee

Direction S

Interior

Interior Features Ninguno

Heating Electric

Cooling Wall/Window Unit(s)

Fireplaces Type Masonry

Fireplace true

Laundry None

Exterior

Exterior Feature None

Utilities Available Electricity Connected, Water Connected

Waterfront Description Lake Front

View Y/N Yes

Water Access Yes

Water Access Desc Lake

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Slab

Lot Size Range 1 to less than 2

Sewer Septic Needed

Water Public

Structure Type Concrete,Frame

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Owner Financing

Listing Terms Cash, Conventional, Owner Financing

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8514488

Listed by Tito Urbano Perez FLORIDA REALTY INVESTMENTS

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Angie went above and beyond as my realtor. We toured multiple houses together, and she truly listened to my opinions and adjusted to my needs. As a first-time home-buyer, I was initially very hesitant about the whole process, but Angie’s made the entire process manageable by communicating timely and objectively. She ensured I had all the information needed to make an informed decision and provided her own research and expertise during negotiations. I loved going through this process with her. I felt safe knowing she was on my side and looking out for my best interests. I recently closed on the perfect dream house for my mom, and after multiple tours, deep research, and late-night texts, we made it happen! Thank you so much, Angie! You saw my vision, believed in me, and worked with me to make this dream a reality. I appreciate you always communicating, respecting my work schedule, and bringing your expertise to the table. I never felt judged, and you made the entire process so much less stressful. I am so glad to have worked with you. I 100% recommend you! <3

Yesenia De Rosas

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Angie Gooden

Agent

+1(843) 576-9551 | agoodenrealtor@gmail.com

1210 STATE 17 RD S Dundee, FL 33838

Angie Gooden

Key Details

Location

Interior

Exterior

Building

Others

1210 STATE 17 RD S

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