About 640 E Grapefruit Avenue
Prime investment opportunity in Lake Alfred! Built in 2023, this modern, turn-key duplex delivers instant cash flow with tenants already in place. Sitting on a ~0.17-acre lot with a private, fully fenced yard and NO HOA, this property offers ultimate flexibility for hands-off landlords or house-hackers looking to live in one side and offset their mortgage. Both units boast a functional, open-concept 2-bedroom, 2-bathroom layout finished with fresh paint, durable low-maintenance flooring, and upgraded stainless steel appliances. Positioned right in the heart of town, residents enjoy fast access to US-17/92 and I-4 for effortless commutes to Orlando or Tampa, along with close proximity to local lakes, the Chain of Lakes Trail, and a planned Publix-anchored development. Portfolio Opportunity: Motivated seller! Can be acquired individually or bundled with the matching, 1,800 sq ft duplex right next door at 650 E Grapefruit Ave (Parcel:26-27-28-493500-001141) for a target 6.24% portfolio cap rate. Multiple financing options available—schedule your private tour today!
Features of 640 E Grapefruit Avenue
| MLS® # | R4911803 |
|---|---|
| Price | $439,000 |
| Bedrooms | 4 |
| Bathrooms | 4.00 |
| Square Footage | 1,800 |
| Acres | 0.17 |
| Year Built | 2023 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Status | Active |
Listing Details
| Office | BOKORS CORNER REALTY LLC |
|---|
Listing Map
Neighborhood Information for 640 E Grapefruit Avenue
Stable Population, Moderate Residential Turnover
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Discovery High School Public - 9Th Grade to 12Th Grade |
1 Miles | |
|
|
Karen M. Siegel Academy Public - Preschool to 12Th Grade |
1 Miles | |
|
Lake Alfred-Addair Middle School Public - 6Th Grade to 8Th Grade - Closest Middle School |
1 Miles | |
|
Discovery Academy Of Lake Alfred Public - 6Th Grade to 8Th Grade |
1 Miles | |
|
|
Lake Alfred Elementary School Public - Preschool to 5Th Grade - Closest Elementry School |
1 Miles | |
|
Hartridge Academy Public - Kindergarten to 5Th Grade |
2 Miles | |
|
|
The Christian Academy Of Winter Haven Inc Private - to |
3 Miles |
School data provided by GreatSchools