1210 State Road 17 - Apartments FOR SALE


Dundee, FL 33838
$899,000 USD
321-388-4394
1210 State Road 17, Dundee, FL for Sale
$899,000 USD
Apartments - FOR SALE
1/14
null | 8.27% Cap Rate

1210 State Road 17
Dundee, FL 33838


HIGHLIGHTS

  • Direct Lake Josephine Frontage : a genuinely irreplaceable feature in the Polk County multifamily market; tenants get lake views and recreation
  • Multiple units leased below market; loss-to-lease can be captured at natural turnover with no renovation required.
  • Durable Concrete Block Construction: masonry walls and pitched shingle roof on a 1.32- acre lakefront parcel.

OVERVIEW

Diversified 9-Unit Mix: 3 studios, 3 one-bedrooms, 3 two-bedrooms. Broad tenant pool and reduced concentration risk. Healthy DSCR cushion above lender thresholds, with room to absorb expense shocks or short-term vacancy. Strong day-one cash flow of $38,366 on $300,000 down, climbing to 13.13% and $39,395 in Year 1 proforma.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$205 USD /SF

# OF UNITS

9

PRICE/UNIT

$99,889

CAP RATE

8.27%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lake Josephine Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

PARKING SPACES

14

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

RES

APN/PARCEL ID

27-28-27-835520-000054

ASK ABOUT THIS PROPERTY

Johnny PullmanThe APT Brokers.comMore Info
321-388-4394

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Johnny PullmanThe APT Brokers.comMore Info
321-388-4394

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.