650 E Grapefruit Avenue, Lake Alfred, FL 33850
- $439,000
- 4
- BD
- 4
- BA
- 1,800
- SqFt
- List Price
- $439,000
- Status
- Active
- Days on Market
- 1
- MLS#
- R4911947
- Property Style
- Duplex
- Year Built
- 2023
- Bedrooms
- 4
- Bathrooms
- 4
- Living Area
- 1,800
- Lot Size
- 7,248
- Acres
- 0.17
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Highland Sub
- MLS Area Major
- Lake Alfred
Property Description
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 640 E Grapefruit Ave (Parcel: 26-27-28-493500-00130) for a target 6.24% portfolio cap rate. Multiple financing options available—schedule your private tour today! Disclaimer: Photos depict the vacant unit. Floor plans, interior finishes, and color schemes may vary slightly by unit.
Additional Information
- Taxes
- $5987
- Annual Gross Income
- 37200
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- R-2
- Interior Layout
- Ceiling Fans(s), Crown Molding, Primary Bedroom Main Floor, Walk-In Closet(s), Window Treatments
- Interior Features
- Ceiling Fans(s), Crown Molding, Primary Bedroom Main Floor, Walk-In Closet(s), Window Treatments
- Floor
- Laminate, Tile
- Appliances
- Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- Utilities
- Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Exterior Features
- Fence, Sidewalk
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Flood Zone Code
- X
- Parcel ID
- 26-27-28-493500-001141
- Legal Description
- HIGHLAND SUB PB 4 PG 2 BLK A LOT 14
Listing courtesy of BOKORS CORNER REALTY LLC. 813-708-2266
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