Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Central, Electric, Other

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block, Stucco, Frame

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Features

    Paved

  • Lot Size(acres)

    0.34

  • Property Type

    Commercial Sale

  • Property Sub Type

    Mixed Use

Price

  • Sales Price

    $724,900

  • Tax Amount

    $5,334.72

  • Sq. Footage

    3, 515

  • Price/SqFt

    $206

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Foundation Details

    Slab

  • Ownership

    Sole Proprietor

  • Sewer

    Septic Tank

  • Tax Lot

    128

  • Water Source

    Public

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Location

County

Polk

Elementary School

Middle School

High School

Listing Courtesy of Kennedy Matthews , JULIE MATTHEWS GROUP LLC

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This commercial property with 6 units is an excellent income producer with various land use possibilities that is located on the heavily travelled Dundee Road, leading directly into the fast-growing town of Dundee! With a projected income of $8,850 per month, this property yields an astounding return on investment & will pay itself off before you know it. The property is a little over 1/3 of an acre, offering plenty of parking options & features 2 separate buildings: a duplex(1,384 heated Sq FT) & a quadruplex(2,131 heated SQ FT).  The duplex has a 2BR/1BA unit, currently leased for $1,500/mo. & a 3BR/1BA unit that has been recently updated, including fresh paint, warm wood-laminate flooring, & new stainless steel appliances. This unit has an expected rental amount of $1,850/mo.  & is currently vacant for easy showings during the sale.  The quadruplex is a well-maintained & strong 2-story concrete block building with a new metal roof. The 2 upstairs units have been recently renovated featuring upgraded wood-laminate flooring & nice kitchenettes with granite countertops. Both upstairs units are currently leased to the same tenant for $1,250./mo, each. The downstairs units are both currently vacant, & the expected rent for these units is $1,500/mo., each. There is an Ansul System & a grease trap with one of downstairs units,  making it ideal for a restaurant-type business, although there are all sorts of businesses that would thrive in the space.  All together, both buildings feature fresh exterior paint which promotes strong curb appeal. Each building has its own septic system & water meter, with 6 separate electrical meters total: one per unit. Five units are equipped with newe mini-split A/C/heat systems, while the duplex’s 3/1 unit features central heat & air conditioning. The duplex, originally built in 1925, has an effective year of 1992 per county. The quadruplex was built in 1986 with an effective year of 2000 per county.  What’s unique about this property is that you get the best of both worlds, where on one side of the property sits the charming downtown area of Dundee, and on the other side boasts one of Polk County’s major thoroughfares, Hwy 27, that opens you up to the cities of Winter Haven, Lake Wales, & Haines City which are some of the fastest growing in all of Florida! Interested in earning $106,200 a year in passive gross income? Or better yet, why not jump on this opportunity to move your own growing business to this fabulous location w/ an option to conveniently live on site, while still receiving additional income from the other rental units?   Schedule a showing to see for yourself just how fast this property could become an easy money-maker for you!    This property could be subdivided & the duplex building sold separately on it's own at a price of $284,900.  The MLS# for this is: P4937607.  All measurements are approx & all info should be confirmed by buyer.

608 DUNDEE ROAD

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Rare waterfront multifamily investment opportunity in Dundee, Florida. Located along Scenic Highway, this 9-unit property sits on just over one acre with beautiful waterfront views and strong income potential. 

Utilities are currently paid by ownership and include two electric meters, one water meter, and one gas meter, with the ability to add up to seven additional electric meters, creating significant potential to increase value by separately metering units in the future. The spacious parcel and desirable waterfront setting add long-term appeal for both tenants and investors.

Located in a convenient Central Florida location with easy access to surrounding communities, this property presents a compelling opportunity to expand or enhance an existing multifamily portfolio.

Seller financing available with approximately 25% down, offering additional flexibility for qualified buyers.
#L4960256

DUNDEE

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None Beds

None Baths

3,792 Sq.Ft.

$849,500

MLS#: L4960256

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