Homes for sale - 608 DUNDEE ROAD, Dundee, FL 33838

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Mauricio Gomez

mauricio@gomezcommercialgroup.com +1(407) 272-7277

$ 724,900

Est. payment | -/mo

3,515 SqFt

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$ 724,900

Est. payment | -/mo

Save

3,515 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 3,515 sqft

Price per Sqft $206

Subdivision Scenic Heights

MLS Listing ID P4937571

Construction Status Completed

HOA Y/N No

Year Built 1986

Annual Tax Amount $5,334

Lot Size 0.340 Acres

Acres 0.34

Lot Dimensions 150 x 100

Property Sub-Type Mixed Use

Source Stellar MLS

Property Description

**more photos to come** This commercial property with 6 units is an excellent income producer with various land use possibilities that is located on the heavily travelled Dundee Road, leading directly into the fast-growing town of Dundee! With a projected income of $8,800 per month, this property yields an astounding return on investment & will pay itself off before you know it. The property is a little over 1/3 of an acre, offering plenty of parking options & features 2 separate buildings: a duplex(1,384 heated Sq FT) & a quadraplex(2,131 heated SQ FT). The duplex has a 2-bedroom 1-bath unit, currently leased for $1,450 per month & a 3-bedroom 1-bath unit that has been recently updated, including fresh paint, warm wood-laminate flooring, & new stainless steel appliances. This unit has an expected rental amount of $1,850 per month, & is currently vacant for easy showings during the sale. The quadraplex is a well-maintained & strong 2-story concrete block building with a new metal roof. The 2 upstairs units have been recently renovated featuring upgraded wood-laminate flooring & nice kitchenettes with granite countertops. Both upstairs units are currently leased to the same tenant for $1,250 per month, each. The downstairs units are both currently leased together to a long-term tenant that will soon be vacating, & the new expected rent for these units is $1,500 per month, each. There is an Ansul System & a grease trap with one of downstairs units, making it ideal for a restaurant-type business, although there are all sorts of businesses that would thrive in the space. All together, both buildings feature fresh exterior paint which promotes strong curb appeal. Each building has its own septic system & water meter, with 6 separate electrical meters total: one per unit. Five units are equipped with newe mini-split A/C/heat systems, while the duplex's 3/1 unit features central heat & air conditioning. The duplex, originally built in 1925, has an effective year of 1992 per county. The quadraplex was built in 1986 with an effective year of 2000 per county. What's unique about this property is that you get the best of both worlds, where on one side of the property sits the charming downtown area of Dundee, and on the other side boasts one of Polk County's major thoroughfares, Hwy 27, that opens you up to the cities of Winter Haven, Lake Wales, & Haines City which are some of the fastest growing in all of Florida! Interested in earning $105,600 a year in passive gross income? Or better yet, why not jump on this opportunity to move your own growing business to this fabulous location w/ an option to conveniently live on site, while still receiving additional income from the other rental units? Schedule a showing to see for yourself just how fast this property could become an easy money-maker for you! All measurements are approximate & all information should be confirmed by buyer.

Location

State FL

County Polk

Community Scenic Heights

Area 33838 - Dundee

Zoning C-1

Interior

Heating Central, Electric, Other

Cooling Central Air, Mini-Split Unit(s)

Flooring Ceramic Tile, Laminate, Vinyl

Appliance Refrigerator

Exterior

Parking Features Parking Spaces - 13 to 18

Utilities Available BB/HS Internet Capable, Electricity Available, Public, Water Connected

Roof Type Metal,Shingle

Building

Lot Description City Limits, Street Lights, Paved

Story 2

Entry Level Two

Foundation Crawlspace, Slab

Lot Size Range 1/4 to less than 1/2

Sewer Septic Tank

Water Public

Structure Type Block,Stucco,Frame

New Construction false

Construction Status Completed

Others

Ownership Sole Proprietor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Listed by Kennedy Matthews JULIE MATTHEWS GROUP LLC

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(407) 272-7277

mauricio@gomezcommercialgroup.com

9145 Narcoossee Rd, Orlando, FL, 32827, USA

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