Courtesy: JULIE MATTHEWS GROUP LLC
863-528-0037
This 6-unit residential income-producing property is an excellent opportunity with strong cash-flow that's located on Dundee Road, leading directly into the fast-growing town of Dundee! Boasting a 9.64% cap rate at CURRENT occupancy & a PROJECTED 12.70% cap rate at full occupancy, this property significantly exceeds the typical 5–8% multifamily cap rate range seen across Florida, offering investors an exceptional return from day one! With a total projected monthly income of $8,850, this property delivers a standout return on investment & has the ability to pay for itself before you even know it. Sitting on just over 1/3 of an acre, the property offers plenty of parking & features two separate buildings: a duplex (1,384 heated sq ft) & a quadruplex (2,131 heated sq ft). The duplex features a 2BR/1BA unit currently leased for $1,500/mo. along with a 3BR/1BA unit that has been recently updated with fresh paint, warm wood-laminate flooring, & new stainless-steel appliances. This unit has an expected rental amount of $1,850/mo. & is currently vacant, allowing for easy showings during the sale. The quadruplex is a well-maintained two-story concrete-block building with a new metal roof. The two upstairs units have been recently renovated & feature upgraded wood-laminate flooring & nice kitchenettes w/ granite countertops. Both upstairs units are currently leased to the same tenant for $1,250/mo. per unit. The two downstairs units are both currently leased for $1,500/mo. per-unit on 5-year leases. One downstairs unit includes an Ansul system & a grease trap, offering flexibility for future use. Altogether, both buildings feature fresh exterior paint, giving the property strong curb appeal. Each building has its own septic system & individual water meter, along with six separate electrical meters: one per-unit. Five units are equipped with newer mini-split A/C systems, while the duplex's 3-bedroom unit features central heat/air conditioning. The duplex was originally built in 1925 with an effective year of 1992 & the quadruplex was built in 1986 with an effective year of 2000. What's 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, & on the other side boasts one of Polk County's 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 per year in projected gross rental income? Schedule a showing & see firsthand just how quickly this property can become a strong hands-off income producer! 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: P4937610. All measurements are approx & all info should be confirmed by buyer.
Courtesy: JULIE MATTHEWS GROUP LLC
863-528-0037
This residential income-producing duplex is an excellent opportunity w/ strong cash flow & upside potential, located on the heavily traveled Dundee Rd leading directly into the fast-growing town of Dundee. With solid in-place income, this property offers an attractive return on investment & the ability to pay for itself in what feels like no time. The duplex totals 1,384 LA & offers convenient parking, making it a strong standalone income asset. It features a 2BR/1BA unit currently leased for $1,500/mo along with a 3BR/1BA unit that has been recently updated w/ fresh paint, warm wood-laminate flooring, & new stainless-steel appliances. This unit has an expected rental amount of $1,850/mo & is currently vacant, allowing for easy showings during the sale. The building features fresh exterior paint, giving it strong curb appeal. It has 1 water meter & septic system & separate electrical meters for each unit. The 2BR/1BA unit is equipped w/ a newer mini-split A/C system, while the 3BR unit features central heat/air. Originally built in 1925, the duplex carries an effective year of 1992, offering a blend of character & meaningful updates. What’s 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, & on the other side boasts one of Polk County’s 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 owning an income producing duplex w/ $40,200/yr in passive gross rental income? Or better yet, why not jump on this opportunity to move to this fabulous location, while still receiving additional income from the other rental unit? Schedule a showing & see firsthand how easily this duplex can become a strong, long-term money-maker! **This duplex is presently part of a larger parcel containing the quadruplex beside it. The whole parcel & both buildings are listed for sale together on a separate listing, (P4937609) for $724,900. However owner is willing to subdivide the land so that the duplex could be bought individually, if buyer desires. The division of the land would be at the concrete wall between the buildings. When seller has survey finalized there will be a new legal description created & it will be filed with the county & a new parcel ID# will then be given. Please note that tax amount in MLS is for entire parcel, which is inclusive of the quadruplex, so the actual tax bill for the duplex should be lower when it becomes taxed on its own. Lot dimensions are approx until we have survey in hand for the subdivision of the land. All measurements are approximate & all information should be confirmed by buyer.
Dundee is located in Florida. Dundee, Florida has a population of 5,122. Dundee is more family-centric than the surrounding county with 31.8% of the households containing married families with children. The county average for households married with children is 26.62%.
The median household income in Dundee, Florida is $40,962. The median household income for the surrounding county is $55,099 compared to the national median of $69,021. The median age of people living in Dundee is 32.7 years.
The average high temperature in July is 92.8 degrees, with an average low temperature in January of 49.1 degrees. The average rainfall is approximately 51 inches per year, with 0 inches of snow per year.
