650 E Grapefruit Avenue, Lake Alfred, FL 33850
- $439,000
- 4
- BD
- 4
- BA
- 1,800
- SqFt
- List Price
- $439,000
- Status
- Active
- Days on Market
- 1
- MLS#
- R4911947
- Property Style
- Duplex
- Year Built
- 2023
- Bedrooms
- 4
- Bathrooms
- 4
- Living Area
- 1,800
- Lot Size
- 7,248
- Acres
- 0.17
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Highland Sub
- MLS Area Major
- Lake Alfred
Property Description
Prime investment opportunity in Lake Alfred! Built in 2023, this modern, turn-key duplex delivers instant cash flow with tenants already in place. Sitting on a ~0.17-acre lot with a private, fully fenced yard and NO HOA, this property offers ultimate flexibility for hands-off landlords or house-hackers looking to live in one side and offset their mortgage. Both units boast a functional, open-concept 2-bedroom, 2-bathroom layout finished with fresh paint, durable low-maintenance flooring, and upgraded stainless steel appliances. Positioned right in the heart of town, residents enjoy fast access to US-17/92 and I-4 for effortless commutes to Orlando or Tampa, along with close proximity to local lakes, the Chain of Lakes Trail, and a planned Publix-anchored development. Portfolio Opportunity: Motivated seller! Can be acquired individually or bundled with the matching, 1,800 sq ft duplex right next door at 640 E Grapefruit Ave (Parcel: 26-27-28-493500-00130) for a target 6.24% portfolio cap rate. Multiple financing options available—schedule your private tour today! Disclaimer: Photos depict the vacant unit. Floor plans, interior finishes, and color schemes may vary slightly by unit.
/u.realgeeks.media/buysellrabell/header.png)
Additional Information
- Taxes
- $5987
- Annual Gross Income
- 37200
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- R-2
- Interior Layout
- Ceiling Fans(s), Crown Molding, Primary Bedroom Main Floor, Walk-In Closet(s), Window Treatments
- Interior Features
- Ceiling Fans(s), Crown Molding, Primary Bedroom Main Floor, Walk-In Closet(s), Window Treatments
- Floor
- Laminate, Tile
- Appliances
- Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- Utilities
- Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Exterior Features
- Fence, Sidewalk
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Flood Zone Code
- X
- Parcel ID
- 26-27-28-493500-001141
- Legal Description
- HIGHLAND SUB PB 4 PG 2 BLK A LOT 14
Listing courtesy of BOKORS CORNER REALTY LLC. 813-708-2266
Mortgage Calculator
StellarMLS is the source of this information via Internet Data Exchange Program. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Data last updated on