Property Description

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 is currently leased for $1,800/mo. 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/ $39,600/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.

Property Features