1210 STATE 17 RD S, Dundee, FL 33838
1210 STATE 17 RD S, Dundee, FL 33838
1210 STATE 17 RD S, Dundee, FL 33838
18
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$899,000
Est. payment /mo
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12 Beds
9 Baths
3,792 SqFt
New

1210 STATE 17 RD S Dundee, FL 33838

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Bent Danholm

Bent Danholm

+1(407) 288-0704

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,792 sqft

Price per Sqft $237

Subdivision Fla Highlands Co Sub

MLS Listing ID TB8514488

Bedrooms 12

HOA Y/N No

Year Built 1947

Annual Tax Amount $14,861

Lot Size 1.320 Acres

Acres 1.32

Lot Dimensions 150x220

Property Sub-Type Quadruplex

Source Stellar MLS

Property Description

SELLER FINANCING AVAILABLE. CONTACT LISTING AGENT FOR DETAILS. Lake Josephine Apartments is a 9-unit waterfront multifamily asset sitting directly on the shoreline in Dundee, FL. A rare lakefront offering. The property delivers a 12.79% cash-on-cash return in-place with Year 1 proforma climbing to 13.13%, supported by 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*

Location

State FL

County Polk

Community Fla Highlands Co Sub

Area 33838 - Dundee

Direction S

Interior

Interior Features Ninguno

Heating Electric

Cooling Wall/Window Unit(s)

Fireplaces Type Masonry

Fireplace true

Laundry None

Exterior

Exterior Feature None

Utilities Available Electricity Connected, Water Connected

Waterfront Description Lake Front

View Y/N Yes

Water Access Yes

Water Access Desc Lake

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Slab

Lot Size Range 1 to less than 2

Sewer Septic Needed

Water Public

Structure Type Concrete,Frame

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Owner Financing

Listing Terms Cash, Conventional, Owner Financing

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8514488

Stellar MLS
© 2026 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by Tito Urbano Perez FLORIDA REALTY INVESTMENTS

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Bent Danholm

Bent Danholm

Broker | License ID: BK3590420

+1(407) 288-0704

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1210 STATE 17 RD S

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