Active

608 Dundee Road

DUNDEE, FL 33838
Mark as Favorite
Bed 5

Bed

Bath 6

Bath

SqFt3,515

Sqft

Acres0.34

Acre(Lot)

This 6-unit residential income-producing property is an excellent opportunity with strong cash-flow that's located on Dundee Road, leading directly into the fast-growing town of Dundee! Boasting a 9.64% cap rate at CURRENT occupancy & a PROJECTED 12.70% cap rate at full occupancy, this property significantly exceeds the typical 5–8% multifamily cap rate range seen across Florida, offering investors an exceptional return from day one! With a total projected monthly income of $8,850, this property delivers a standout return on investment & has the ability to pay for itself before you even know it. Sitting on just over 1/3 of an acre, the property offers plenty of parking & features two separate buildings: a duplex (1,384 heated sq ft) & a quadruplex (2,131 heated sq ft). The duplex features a 2BR/1BA unit currently leased for $1,500/mo. along with 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/mo. & is currently vacant, allowing for easy showings during the sale. The quadruplex is a well-maintained two-story concrete-block building with a new metal roof. The two upstairs units have been recently renovated & feature upgraded wood-laminate flooring & nice kitchenettes w/ granite countertops. Both upstairs units are currently leased to the same tenant for $1,250/mo. per unit. The two downstairs units are both currently leased for $1,500/mo. per-unit on 5-year leases. One downstairs unit includes an Ansul system & a grease trap, offering flexibility for future use. Altogether, both buildings feature fresh exterior paint, giving the property strong curb appeal. Each building has its own septic system & individual water meter, along with six separate electrical meters: one per-unit. Five units are equipped with newer mini-split A/C systems, while the duplex's 3-bedroom unit features central heat/air conditioning. The duplex was originally built in 1925 with an effective year of 1992 & the quadruplex was built in 1986 with an effective year of 2000. 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, & 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 $106,200 per year in projected gross rental income? Schedule a showing & see firsthand just how quickly this property can become a strong hands-off income producer! This property could be subdivided & the duplex building sold separately on it's own at a price of $284,900. The MLS# for this is: P4937610. All measurements are approx & all info should be confirmed by buyer.

Read More Expand

Detail Ic Property Details

Property Type : Residential Income

Price : $724,900

AD Id : 74930751

MLS Id : MFRP4937609

Beds : 5

Lot Size : 0.34 Acre

Living Area Size : 3,515

Year Built : 1986

County : Polk

Subdivision: Scenic Heights

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total Bedroom: 5

    Bathroom Information

    Total Baths: 6

    Interior Features

    Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Split Bedroom, Stone Counters, Thermostat Roof: Metal, Shingle Appliances: Cooktop, Electric Water Heater, Range, Refrigerator Laundry Features: Other, Outside

    Roofing Information

    Metal, Shingle
  • Flooring Information

    Flooring: Laminate, Tile, Vinyl Construction Materials: Block, Stucco, Frame
  • Heating & Cooling

    Heating: Central, Other Cooling: Central Air, Mini-Split Unit(s) WaterSource: Public

  • Building Information

    Year Built: 1986
  • Exterior Features

    Sidewalk Construction Materials: Block, Stucco, Frame Foundation Details: Block, Crawlspace

  • Lot Information

    Lot Dimensions: 90x60 Lot Description: Sidewalk, Paved Lot Square Feet: 15019 Lot Acres: 0.34 Lot Size (SqMt): 1395

    Property Information

    Property Type: Residential Income Sub Type: Multi-Family 5+

  • Listing Price Information

    Original List Price:$724900

  • Tax Information

    Tax Book Number: 22-21 Tax Lot: 128 Tax Legal Description: SCENIC HEIGHTS PB 22 PG 21 LOT 128 & THAT PT OF CLOSED WINTER HAVEN RD LYING SELY OF ABOVE & LYING W OF B B GRAY PROPERTY SUB & LYING N OF SR 542 AS PER OR 8302-2013 LESS R/W PARCEL 185.1 SECTION 16280-000 FOR SR 542 AS DESC IN OR 10129 PG 361 Annual Tax: $5334.72 Tax Year: 2025 Parcel Number: 27-28-29-848000-001280

  • Utility Information

    BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Water - Multiple Meters, Water Connected Sewer: Septic Tank Water Source: Public
  • Location Information

    Subdivision: SCENIC HEIGHTS City: DUNDEE Direction: Turn east off of Hwy 27 onto Dundee Road (County Road 542). Property will be located on the left side of the road.
Sell a home like this and save $42,995 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
620 Broadoak Drive, Dundee, FL, 33838 $293,990 4 2 1,876 1,876 SqFt
612 Broadoak Drive, Dundee, FL, 33838 $285,990 4 2 1,737 1,737 SqFt
616 Broadoak Drive, Dundee, FL, 33838 $275,990 3 2 1,443 1,443 SqFt
608 Broadoak Drive, Dundee, FL, 33838 $314,990 3 2 1,988 1,988 SqFt
604 Broadoak Drive, Dundee, FL, 33838 $273,990 3 2 1,443 1,443 SqFt
589 Broadoak Drive, Dundee, FL, 33838 $288,990 3 2 1,443 1,443 SqFt
560 Mahogany Way, Dundee, FL, 33838 $321,255 4 2 1,989 1,989 SqFt
311 Nola Lane, Dundee, FL, 33838 $264,990 4 2 1,733 1,733 SqFt
323 Nola Lane, Dundee, FL, 33838 $254,990 3 2 1,570 1,570 SqFt
7925 Lake Mabel Loop Road, Dundee, FL, 33838 $1,490,000 9 6 8,799 8,799 SqFt
Broker Logo

Disclaimer: The information being provided courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID and is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the MFRMLS (My Florida Regional MLS DBA Stellar MLS). ByOwner.com is not a Multiple Listing Service (MLS), nor does it offer MLS access. ByOwner.com is a broker participant of MFRMLS (My Florida Regional MLS DBA Stellar MLS). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

Based on information submitted to the MLS GRID as of 06/26/2026 @ 06:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Properties displayed may be listed or sold by various participants in the MLS.

Consumer use of IDX Listings Disclaimer: Based on information submitted to the MLS GRID as of 06/26/2026 @ 06:20. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.


DMCA Notice: The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
“The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

ByOwner last updated this listing 06/26/2026 @ 06:20

MLS: MFRMLS #P4937609 LISTED BY: Kennedy Matthews, JULIE MATTHEWS GROUP LLC 863-528-0037 SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS) (Listings courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID)

Homes around $724,900

Selling? Save $42,995 when you sell a home like this

Tour with a ByOwner Agent