Under contract-accepting backup offers. Fully occupied multifamily investment opportunity on an oversized corner lot with excellent visibility. This two-story apartment building features five units, each with its own electric meter. Each unit offers a one-bedroom, one-bath layout plus a bonus room that could function as a second bedroom, along with a kitchen and living area. Units are equipped with window A/C units. Tenants pay their own electric, while rent currently includes water and trash. The property is on city water with a septic system approximately 10 years old. Current gross annual income is $51,000, with strong potential for increased returns through renovations and rent adjustments. Additional features include a storage area that could be converted into a shared laundry facility, adding further value and convenience for tenants. Ideal for investors looking to add value and maximize income potential. View a video and navigate a 360 degree interactive virtual tour with zoom in and out capabilities to see how close Downtown Dundee is.
| MLS # | P4938541 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-family 5+ |
| Sub-Type | For-sale |
| Status | Active Under Contract |
| Year | 1946 |
| Days On Site | 126 |
| Listing Provided By | REAL ESTATE BROKERS USA, INC. | Debbie Bradbury |
| SQ Feet | 3,352 |
|---|---|
| Story(s) | 2 |
| Units | 5 |
| Zoning | R-1A |
| Acreage | 0.21 |
| Property | 5889 |
|---|
| State | FL |
|---|---|
| County | Polk |
| City | DUNDEE |
| Zip Code | 33838 |
| Area | 33838 Dundee |
| Community Name | DUNDEE |
| Listing VS Median (in DUNDEE) | |
Price: $420,000 low | high Med: $250,000 sqft: 3,352 low | high Med: 1,947 $ / sqft: $125 low | high Med: $129 On site: 126 low | high Med: 135.5 | |
| State | FL |
|---|---|
| County | Polk |
| City | DUNDEE |
| Zip Code | 33838 |
| Area | 33838 Dundee |
| Community Name | DUNDEE |
| Listing VS Median (in DUNDEE) | |
Price: $420,000 low | high Med: $250,000 sqft: 3,352 low | high Med: 1,947 $ / sqft: $125 low | high Med: $129 On site: 126 low | high Med: 135.5 | |