Lake Josephine Apartments is, a nine-unit multifamily property located in the City of Dundee, Polk County, Florida. Built in 1947, this property offers a rare opportunity to own a waterfront multifamily property situated directly in front of Lake Josephine. Constructed from concrete block and featuring a pitched shingle roof, Lake Josephine Apartments a diverse unit mix to accommodate a variety of tenant needs, including three studio units, three one-bedroom, one-bathroom units, and three two-bedroom, one-bathroom units. Both electricity and water utilities are covered by the landlord, with water being provided by the city. 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.
Price modification on this hard to find duplex, on a large lot, 120 ft x 76 ft. with NO HOA fees. Each unit has 3 bedrooms and 2 bath. One unit is rented. So you can live in one side or rent both. Current Lease is until 11/30/2024 - unit 618. Tenants pay for electricity, water and lawn cutting as well. Property was built in 2008 and features 20" x 20" ceramic tile throughout, for easy cleanup. Walk-in closets in Master Bedrooms, Jacuzzi tub in Master baths, large living room / dining room combo with sliding doors, leading to covered patios. There are large walk-in closets in other bedrooms as well. Each kitchen includes a pantry and double doors to the laundry area, with washer / dryer hookups. There are 6 inch vinyl seamless gutters, installed in June 2017. New air handler installed in unit 620 in December 2017, New compressor installed in Condenser on 11/17/2023, and new sink in hall bath.. New Stainless Steel Refrigerator installed in unit 618 Feb. 2024. Property is located near HWY 27, Home Depot, Walmart and LEGO LAND, and with convenient access to I- 4. Property is being sold in “AS IS" condition. Call or email the Listing Agent to schedule viewing. Don’t miss this jewel !!
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.