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 $8,850 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 $1,500 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 duplexs 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. Whats 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 Countys 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 $106,200 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! This property could be subdivided & the duplex building sold separately on it's own at a price of $284,900. The MLS# for this is: P4937607. All measurements are approx & all info should be confirmed by buyer.
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 $8,850 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 $1,500 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 duplexs 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. Whats 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 Countys 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 $106,200 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! This property could be subdivided & the duplex building sold separately on it's own at a price of $284,900. The MLS# for this is: P4937607. All measurements are approx & all info should be confirmed by buyer.
Features
Building and Construction
Covered Spaces: 0.00
Flooring: Ceramic Tile, Laminate, Vinyl
Living Area: 3515.00
Roof: Metal, Shingle
Property Information
Property Condition: Completed
Land Information
Lot Features: City Limits, Street Lights, Paved
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Parking Features: Parking Spaces - 13 to 18
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Cooling: Central Air, Mini-Split Unit(s)
Electric: Separate Meters
Heating: Central, Electric, Other
Road Frontage Type: County Road, Main Throrughfare
Sewer: Septic Tank
Utilities: BB/HS Internet Capable, Electricity Available, Public, Water Connected
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2025
Other Features
Appliances: Refrigerator
Country: US
Legal Description: SCENIC HIEGHTS PB 22 PG 21 LOT 128 & THAT PT OF CLOSED WINTER HAVEN RD LYING SELY OF ABOVE & LYING W OF B B GRAY PROPERTY SUB & LYING N OF SR 542 AS PER OR 8302-2013 LESS R/W PARCEL 185.1 SECTION 16280-000 FOR SR 542 AS DESC IN OR 10129 PG 361
New Listings & Price Reduction Updates sent directly to your email
Create Your Own Property Search saved for your return visit.
"Like" Listings and Create a Favorites List
* NOTICE: By creating your free profile, you authorize us to send you periodic emails about new listings that match your saved searches and related real estate information.If you provide your telephone number, you are giving us permission to call you in response to this request, even if this phone number is in the State and/or National Do Not Call Registry.
Apply Now
