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29512566
29512567

610 Dundee Rd, Dundee, FL 33838

KM
FL SL3642030
JULIE MATTHEWS GROUP LLC
JM
FL FL 525519
JULIE MATTHEWS GROUP LLC
Listed by JULIE MATTHEWS GROUP LLC
$284,900
124 days on market
Updated 32 days ago

Commercial Duplex for sale - ONLY $284,900.

Details
Property Type Multifamily, Office (+1)
Sub Type Traditional Office, Creative Office (+1)
Square Footage 1,564
Units 2
NOI $34,025
Price per SqFt $182
Year Built 1925
Buildings 1
Stories 1
Lot Size (SqFt) 0.13
Zoning C-1
Investment Type Owner/User
Ownership Fee Simple

Multifamily | 2 Units

Marketing description


This commercial mixed-use duplex property is an excellent income producer with multiple use possibilities, ideally located on the heavily traveled Dundee Road, leading directly into the fast-growing town of Dundee! With strong in-place income & upside potential, this property offers an attractive return on investment & the ability to pay for itself faster than most opportunities with a gross monthly expected income of $3,350. The duplex has a total of 1,384 heated square feet, with several parking options & excellent visibility along one of Polk County’s main corridors. The duplex features a 2BR/1BA unit currently leased for $1,500. per month & 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 per month & is currently vacant, allowing for easy showings during the sale. With its layout, location & zoning, the property allows for flexibility in its continued present use or future mixed-use potential as permitted. The building has a transferable termite warranty & features fresh exterior paint, giving it strong curb appeal. The duplex has one water meter & septic system & separate electrical meters for each unit. The 2-bedroom unit is equipped with a mini-split A/C system, while the 3-bedroom unit features central heat/air conditioning. Originally built in 1925, the duplex carries an effective year of 1992, offering the charm of an older structure with meaningful updates already in place. 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 owning a high-visibility mixed-use property earning $40,200. a year in passive gross income & future flexibility? Or better yet, why not jump on this opportunity to move your own growing business 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 quadraplex beside it. The whole parcel & both buildings are listed for sale together on a separate listing, (P4937571) 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 and it will be filed with the county and a new parcel ID number will then be given. Lot dimensions are approximate until we have survey in hand for the subdivision of the land. All measurements are approximate & all information should be confirmed by buyer. The whole parcel including the quadraplex unit is also listed for sale at a list price of $724,900.

Investment highlights

  • $40,200 a year in passive gross income

Listing Contacts

KM
FL SL3642030
JULIE MATTHEWS GROUP LLC
JM
FL FL 525519
JULIE MATTHEWS GROUP LLC
Listed by JULIE MATTHEWS GROUP LLC

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$34,025.00
$2,835.42/mo

Valuation Metrics

0
DSCR
11.94%
Cap Rate
11.94%
ROI

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Additional Information

Name
Kennedy Matthews
License
SL3642030
Brokerage
Julie Matthews Group, LLC
Brokerage Phone
8635280037
Title
Realtor
Brokerage Address
2800 West Lake Eloise Drive
Name
Julie Matthews
License
FL 525519
Brokerage
Julie Matthews Group, LLC
Brokerage Phone
8635280037
Title
Real Estate Broker
Brokerage Address
2800 West Lake Eloise Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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