About 1210 State 17 Road S
Lake Josephine Apartments is a 9-unit waterfront multifamily asset sitting directly on the shoreline in Dundee, FL. A rare lakefront offering. The property has a balanced unit mix of three studios, three 1BR/1BA, and three 2BR/1BA units across 3,792 SF of concrete block construction on a 1.32-acre lot. In-place rents currently sit below market on multiple units, leaving a clear path to grow returns further without renovation risk. With the landlord covering electric, water, sewer, and trash, operations are simple and tenant turnover is straightforward This property’s unique waterfront location enhances its appeal, offering tenants a serene living environment while also providing significant potential for investors looking to capitalize on the property’s natural setting and strong rental demand in Dundee. Lake Josephine Apartments combines solid construction, a diverse unit mix, and an unbeatable lakeside location, making it an exceptional investment opportunity in the heart of Polk County. *DISCLAIMER: ONE UNIT IS NON-CONFORMING*
Features of 1210 State 17 Road S
| MLS® # | TB8514488 |
|---|---|
| Price | $849,000 |
| Bedrooms | 12 |
| Bathrooms | 9.00 |
| Square Footage | 3,792 |
| Acres | 1.32 |
| Year Built | 1947 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Listing Details
| Office | FLORIDA REALTY INVESTMENTS |
|---|
Listing Map
Neighborhood Information for 1210 State 17 Road S
Growing Population, Moderate Residential Turnover
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Dundee Ridge Middle Academy Public - 5Th Grade to 8Th Grade - Closest Middle School |
1 Miles | |
|
Dundee Elementary Academy Public - Preschool to 4Th Grade - Closest Elementry School |
1 Miles | |
|
Don E Woods Opportunity Center Public - 6Th Grade to 12Th Grade |
1 Miles | |
|
Sandhill Elementary School Public - Kindergarten to 5Th Grade |
4 Miles | |
|
|
Garden Grove Elementary School Public - Kindergarten to 5Th Grade |
4 Miles | |
|
|
The Homeschool Connection Private - to |
4 Miles | |
|
|
Alta Vista Elementary School Public - Preschool to 5Th Grade |
5 Miles |
School data provided by GreatSchools