About This Home
This 4-bedroom, 4-bathroom multi-family at 650 E GRAPEFRUIT Avenue in Lake Alfred, FL is listed for $429,000 ($238 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
Amenities
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.
Monthly Cost Estimate
$2,294/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
650 E GRAPEFRUIT Avenue
Lake Alfred, FL 33850
HIGHLAND SUB
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Heating
Cooling
Appliances
Questions & Answers
This 4-bedroom, 4-bathroom multi-family at 650 E GRAPEFRUIT Avenue is listed at $429,000 ($238/sqft). The estimated monthly payment is $2,294 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, Primary Bedroom Main Floor. Exterior Features: Fence, Sidewalk.
This property is listed by Sharon Bokor and can be reached at 8137082266.