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Property Address

1210 STATE ROAD 17, Dundee, FL  33838

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Property Details

Status
Active
Type
Multi-family
Units
9
Year Built
1947
Subdivision
FLA HIGHLANDS CO SUB
Parking
None, Other
Heating
Wall Units / Window Unit
Cooling
Wall/Window Unit(s)
Approx Sq. Feet
4,392
Lot Size
150x220
Acreage
1.32
Est. Taxes
$4,220
Lot Desc
In City Limits, Oversized Lot, Street Paved
Days on Market
354 days
Pet Policy
Yes
Appliances
Range, Refrigerator
MLS#
O5742949

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$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