UPDATED:
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
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
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