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1210 State Road 17
Dundee, FL 33838

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Listing Number:  o5513855
List Price:  $429,900
Listing Status:  Active
Property Type:  Multi Family
Address:  1210 State Road 17
City:  Dundee
County:  Polk
State:  FL
Country:  US
Area Name:  Dundee
JUST REDUCED $50K! Excellent Opportunity to Own an 8-Unit Apartment Complex on Lake Josephine! Lake Josephine Apartments is located in the Heart of Dundee off of Highway 27. Apartment 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 a secondary building with a potential laundry area and another 1 BR/1 BA. Apartment is currently running below fair markets rents with at least a 10% in rent increases possible and even more with some minimal upgrades. Current owner has already received approval by the city to build another 8 unit building on the property as well. This apartment has tremendous upside with some quality upgrades and management. Location is perfect in the growing City of Dundee just minutes from everything including restaurants, shopping, major streets and schools. Please call to schedule a showing today!
Directions:  Take Hwy 27 east on SR-542 (Dundee Rd). Dundee Rd becomes Main St, then Scenic Hwy 17. Take a right off of SR 17/Hwy 27 into Lake Josephine Apartments.
Year Built:  1947
Construction:  Block, Wood Frame
Acres:  1.32
Lot Dimension:  150x220
Lot Size:  57521
Garage:  Other
Zoning:  RES
Finished sq ft:  4392
Sq Ft Source:  Public Records
Floors:  Laminate
Interior:  Blinds/Shades, Ceiling Fan(S)
Heating:  Wall Units / Window Unit
Cooling:  Wall Units/Window
Appliances:  Range, Refrigerator
Exterior:  Other
Style:  Five or More
Subdivision:  Fla Highlands Co Sub
Kitchen Description:  Closet Pantry
Legal:  FLA HIGHLANDS CO SUB OR LAKE JOSEPHINE VILLA LOTS PB 1 PG 87 LOTS 5 & 6 PART DES AS COMM SE COR LOT 6 RUN N 17 DEG 30 MIN 04 SEC W 130 FT S 72 DEG 25 MIN 43 SEC W 228.25 FT FOR POB RUN S 72 DEG 25 MIN 43 SEC W 246.34 FT N 01 DEG 37 MIN 51 SEC W 75.4 FT N 06 DEG 33 MIN 10 SEC W 133.81 FT N 63 DEG 18 MIN 04 SEC E 201.42 FT TO R/W SELY ALONG R/W 63.96 FT S 03 DEG 22 MIN 20 SEC E 228.36 FT TO POB
Utilities:  Cable Available, City Water, Electric, Septic
Taxes Annual:  3961
Tax Year:  2016
Contact Info
Tracey Crews
Ph: 863-853-2770
F: 863-815-2458

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Listing courtesy of Mighty Realty Inc

Last updated on March 17, 2018 at 5:53 PM
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Superior Property Management & Sales, LLC 5354 US Highway 98N   Lakeland, FL  33809 863-853-2770