$639,900
$649,900
1.5%For more information regarding the value of a property, please contact us for a free consultation.
4,392 SqFt
SOLD DATE : 06/06/2022
Key Details
Sold Price $639,900
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,392 sqft
Price per Sqft $145
Subdivision Fla Highlands Co Sub
MLS Listing ID O6019072
Sold Date 06/06/22
Construction Status Inspections
HOA Y/N No
Year Built 1947
Annual Tax Amount $2,473
Lot Size 1.320 Acres
Acres 1.32
Lot Dimensions 150x220
Property Description
Recently Upgraded 8-Unit Apartment Complex Plus a 9th Unit Single Family Home Located Directly on Lake Josephine! Lake Josephine Apartments is located in the Heart of Dundee off of Highway 27. Apartment complex 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 another single family home with 2 BR/1 BA that is in need of repairs. Apartment is currently running just below fair market rents and rent increases are possible without any additional upgrades. This income producing property has tremendous upside with enough land to build a second 8-Unit Apartment Complex on it. Quality upgrades have been made and professional property management is in place. Location is perfect in the growing City of Dundee just minutes from everything including downtown Dundee, restaurants, shopping, major streets, schools and US-27. Please call to schedule a showing today!
Location
State FL
County Polk
Community Fla Highlands Co Sub
Zoning RES
Interior
Interior Features Ceiling Fans(s)
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Flooring Laminate
Fireplace false
Appliance Range, Refrigerator
Exterior
Exterior Feature Other
Garage None, Other
Utilities Available Cable Available, Electricity Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Lot Description City Limits, Oversized Lot, Paved
Foundation Slab
Lot Size Range 1 to less than 2
Sewer Septic Tank
Water Public
Structure Type Block, Wood Frame
New Construction false
Construction Status Inspections
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Other
Membership Fee Required None
Listing Terms Cash, Conventional, Other
Special Listing Condition None
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