$449,900 ($102 per SQ/FT)
1210 STATE ROAD 17, Dundee, FL, Florida 33838. Excellent Opportunity to Own an 8-Unit Apartment Complex on Lake Josephine with Potential to Build 8 More Units! Owner has already received approval by the city to build another 8 unit building on the property. 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. 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!
Listing courtesy of MIGHTY REALTY INC