640 E Grapefruit Avenue, Lake Alfred, FL 33850
- $439,000
- 4
- BD
- 4
- BA
- 1,800
- SqFt
- List Price
- $439,000
- MLS#
- R4911803
- Status
- ACTIVE
- Days on Market
- 2
- Year built
- 2023
- Bedrooms
- 4
- Bathrooms
- 4
- Living area
- 1,800
- Area
- 1800
- Region
- Lake Alfred
- Subdivision
- Highland Sub
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 650 E Grapefruit Ave (Parcel:26-27-28-493500-001141) for a target 6.24% portfolio cap rate. Multiple financing options available—schedule your private tour today!
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Additional Information
- Acres
- 0.17
- Floors
- Laminate, Tile
- Interior Features
- Ceiling Fans(s), Crown Molding, Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor, Thermostat, Walk-In Closet(s), Window Treatments
- Cooling
- Central Air
- Heating
- Central
- Exterior Features
- Fence, Private Mailbox, Sidewalk
- Construction
- Block
- Roof
- Shingle
Listing courtesy of BOKORS CORNER REALTY LLC.
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