640-650 E Grapefruit Ave - Residential Income FOR SALE


Lake Alfred, FL 33850
$878,000 USD
847-942-8165
640-650 E Grapefruit Ave, Lake Alfred, FL for Sale
$878,000 USD
Residential Income - FOR SALE
1/20
null | Request Cap Rate

640-650 E Grapefruit Ave
Lake Alfred, FL 33850


HIGHLIGHTS

  • Two duplex buildings providing four residential units.
  • One-story construction supports convenient resident access.
  • Built in 2022 with modern residential layouts and finishes.
  • Separate duplex configuration offers operational flexibility and leasing options.

OVERVIEW

Opportunity to acquire two duplex properties located at 640-650 E Grapefruit Avenue in Lake Alfred, Florida. Offered together for $878,000, the portfolio consists of two one-story residential income buildings totaling 3,672 square feet. The properties provide flexibility for investors seeking rental income as well as owner-occupants looking to offset housing costs through tenant income. Each duplex contributes to a diversified residential investment opportunity in a growing Central Florida market positioned between the Tampa and Orlando metropolitan areas. The configuration supports multiple ownership strategies, including maintaining all units as income-producing rentals or occupying one unit while leasing the remaining units. The properties' residential layout and manageable scale may appeal to investors seeking straightforward operations and local market exposure. Buyers also have the option to acquire an individual duplex rather than the entire portfolio, with a single property available for $439,000. This flexibility creates opportunities for investors at different acquisition sizes and capital levels while preserving future expansion potential through ownership of both assets. The properties are situated within Lake Alfred, providing convenient access to regional transportation corridors, employment centers, retail services, and surrounding Polk County communities. The combination of income potential, ownership flexibility, and the ability to purchase one or both duplexes offers multiple paths for investment and occupancy.

FOR SALE DETAILS

PRICE

$878,000 USD

PRICE/SF

$239 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

RS2

APN/PARCEL ID

26-27-28-493500-001130,26-27-28-493500-001141

ASK ABOUT THIS PROPERTY

Bryce BowdenTurner Cole Company Real Estate ServicesMore Info
847-942-8165

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Bryce BowdenTurner Cole Company Real Estate ServicesMore Info
847-942-8165

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