Active

1210 State 17 Road

DUNDEE, FL 33838

$899,000 $3,790/Mo

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Overview

Bed

Bath

3,792

Sqft

1.32

Acres(Lot)

Description

SELLER FINANCING AVAILABLE. CONTACT LISTING AGENT FOR DETAILS. Lake Josephine Apartments is a 9-unit waterfront multifamily asset sitting directly on the shoreline in Dundee, FL. A rare lakefront offering. The property delivers a 12.79% cash-on-cash return in-place with Year 1 proforma climbing to 13.13%, supported by a balanced unit mix of three studios, three 1BR/1BA, and three 2BR/1BA units across 3,792 SF of concrete block construction on a 1.32-acre lot. In-place rents currently sit below market on multiple units, leaving a clear path to grow returns further without renovation risk. With the landlord covering electric, water, sewer, and trash, operations are simple and tenant turnover is straightforward This property’s unique waterfront location enhances its appeal, offering ten ants a serene living environment while also providing significant potential for investors looking to capitalize on the property’s natural setting and strong rental demand in Dundee. Lake Josephine Apartments combines solid construction, a diverse unit mix, and an unbeatable lakeside location, making it an exceptional investment opportunity in the heart of Polk County. *DISCLAIMER: ONE UNIT IS NON-CONFORMING*

Property Details

Property Type : Residential Income

Price : $899,000

AD Id : 79730506

MLS Id : MFRTB8514488

Beds : 12

Lot Size : 1.32 Acres

Living Area Size : 3,792

Year Built : 1947

County : Polk

Subdivision: Fla Highlands Co Sub

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedroom: 12

Bathroom Information

Total Baths: 9

Interior Features

Ninguno Roof: Shingle Laundry Features: None

Roofing Information

Shingle
Flooring Information

Construction Materials: Concrete, Frame
Heating & Cooling

Heating: Electric Cooling: Wall/Window Unit(s) Water front: 1 WaterSource: Public

Building Information

Year Built: 1947
Exterior Features

None Construction Materials: Concrete, Frame Foundation Details: Slab

Lot Information

Lot Dimensions: 150x220 Lot Square Feet: 57521 Lot Acres: 1.32 Lot Size (SqMt): 5344

Property Information

Property Type: Residential Income Sub Type: Quadruplex

Listing Price Information

Original List Price:$899000

Tax Information

Tax Book Number: 1-87 Tax Lot: 6 Tax Legal Description: FLA HIGHLANDS CO SUB OR LAKE JOSEPHINE VILLA LOTS PB 1 PG 87 LOTS 5 & 6 PART DES AS COMM SE COR LOT 6 RUN N 17 DEG 30 MIN 04 SEC W 130 FT S 72 DEG 25 MIN 43 SEC W 228.25 FT FOR POB RUN S 72 DEG 25 MIN 43 SEC W 246.34 FT N 01 DEG 37 MIN 51 SEC W 75.4 FT N 06 DEG 33 MIN 10 SEC W 133.81 FT N 63 DEG 18 MIN 04 SEC E 201.42 FT TO R/W SELY ALONG R/W 63.96 FT S 03 DEG 22 MIN 20 SEC E 228.36 FT TO POB Annual Tax: $14861.24 Tax Year: 2025 Parcel Number: 27-28-27-835520-000054

Virtual Tour

Virtual Tour (External Link)

Utility Information

Electricity Connected, Water Connected Sewer: Septic Needed Water Source: Public
Location Information

Subdivision: FLA HIGHLANDS CO SUB City: DUNDEE Direction: Dundee, FL

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
610 Dundee Road, Dundee, FL, 33838	$284,900	5	2	1,384	1,384 SqFt

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

MLS: MFRMLS #TB8514488 LISTED BY: Tito Urbano Perez, FLORIDA REALTY INVESTMENTS 407-207-2220 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)