• Type
  • Mixed Use, Commercial Sale
  • 3948 Sqft
  • Area Size
  • 0.34 Acres
  • Land Area
  • 1986
  • Year Built

608 DUNDEE ROAD , Dundee, FL 33838

  • $724,900.00
  • Address: 608 DUNDEE ROAD
  • City: Dundee
  • State/county: FL
  • Zip/Postal Code: 33838
  • Area: SCENIC HEIGHTS

Description

**more photos to come** This commercial property with 6 units is an excellent income producer with various land use possibilities that is located on the heavily travelled Dundee Road, leading directly into the fast-growing town of Dundee! With a projected income of $8,800 per month, this property yields an astounding return on investment & will pay itself off before you know it. The property is a little over 1/3 of an acre, offering plenty of parking options & features 2 separate buildings: a duplex(1,384 heated Sq FT) & a quadraplex(2,131 heated SQ FT). The duplex has a 2-bedroom 1-bath unit, currently leased for $1,450 per month & a 3-bedroom 1-bath unit that has been recently updated, including fresh paint, warm wood-laminate flooring, & new stainless steel appliances. This unit has an expected rental amount of $1,850 per month, & is currently vacant for easy showings during the sale. The quadraplex is a well-maintained & strong 2-story concrete block building with a new metal roof. The 2 upstairs units have been recently renovated featuring upgraded wood-laminate flooring & nice kitchenettes with granite countertops. Both upstairs units are currently leased to the same tenant for $1,250 per month, each. The downstairs units are both currently leased together to a long-term tenant that will soon be vacating, & the new expected rent for these units is $1,500 per month, each. There is an Ansul System & a grease trap with one of downstairs units, making it ideal for a restaurant-type business, although there are all sorts of businesses that would thrive in the space. All together, both buildings feature fresh exterior paint which promotes strong curb appeal. Each building has its own septic system & water meter, with 6 separate electrical meters total: one per unit. Five units are equipped with newe mini-split A/C/heat systems, while the duplex’s 3/1 unit features central heat & air conditioning. The duplex, originally built in 1925, has an effective year of 1992 per county. The quadraplex was built in 1986 with an effective year of 2000 per county. 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, and 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 $105,600 a year in passive gross income? Or better yet, why not jump on this opportunity to move your own growing business to this fabulous location w/ an option to conveniently live on site, while still receiving additional income from the other rental units? Schedule a showing to see for yourself just how fast this property could become an easy money-maker for you! All measurements are approximate & all information should be confirmed by buyer.

Details

  • Property ID P4937571
  • Price $724,900.00
  • Property Size 3948 sqft
  • Land Area 0.34 sqft
  • Garage Size x x
  • Year Built 1986
  • Type Mixed Use, Commercial Sale
  • Property Status Active, For Sale

Additional details

  • Listing Terms Cash,Conventional
  • Roof Metal,Shingle
  • Utilities BB/HS Internet Capable,Electricity Available,Public,Water Connected
  • Sewer Septic Tank
  • Cooling Central Air,Mini-Split Unit(s)
  • Heating Central,Electric,Other
  • Flooring Ceramic Tile,Laminate,Vinyl
  • County Polk
  • Property Type Commercial Sale
  • Parking Parking Spaces - 13 to 18

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All information contained herein is deemed accurate but is to be verified by the purchaser. Buyer's Agent is responsible for their due diligence, including but not limited to verifying community information and rules, square feet, room dimensions and taxes, lot size, utility data, and school assignments. Room sizes and square footage are approximate and should be independently verified by the buyer/buyer's agent.

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