About This Home

This 4-bedroom, 4-bathroom multi-family at 640 E GRAPEFRUIT Avenue in Lake Alfred, FL is listed for $409,000 ($227 per sqft). Built in 2023, the home offers 1,800 sqft of living space on a 0.17 acres lot.

Key Features

  • Built in 2023
  • 0.17 acre lot

Property Details

1 story
4 full
2023

Amenities

A/C
Listing 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!

Monthly Cost Estimate

$2,187/mo

20% down · 6.5% · 30 years

Principal$296
Interest$1,772
Insurance$119

Estimates only. Actual payments may vary.

Location

640 E GRAPEFRUIT Avenue

Lake Alfred, FL 33850

HIGHLAND SUB

Features & Amenities

Interior Features

Ceiling Fans(s)Crown MoldingEat-in KitchenHigh CeilingsKitchen/Family Room ComboOpen FloorplanPrimary Bedroom Main FloorThermostatWalk-In Closet(s)Window Treatments

Exterior Features

FencePrivate MailboxSidewalk

Property Details

Flooring

LaminateTile

Construction

Block

Heating

Central

Cooling

Central Air

Appliances

DishwasherDryerElectric Water HeaterMicrowaveRangeRefrigeratorWasher

Questions & Answers

This 4-bedroom, 4-bathroom multi-family at 640 E GRAPEFRUIT Avenue is listed at $409,000 ($227/sqft). The estimated monthly payment is $2,187 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2023, 0.17 acre lot. Interior Features: Ceiling Fans(s), Crown Molding, Eat-in Kitchen. Exterior Features: Fence, Private Mailbox, Sidewalk.

This property is listed by Sharon Bokor.

SB

Sharon Bokor

Agent at Bokors Corner Realty LLC - Florida Real Estate Experts

Listed by Bokors Corner Realty LLC - Florida Real Estate Experts · Broker phone: (813) 708-2266 · View on Broker Site · Broker website

MLS# R4911803· Source: Stellar MLS· 56 days on PropertySimple

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

640 E GRAPEFRUIT Avenue, Lake Alfred, FL 33850

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