Lake Josephine Apartments | 1210 State Road 17
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Lake Josephine Apartments 1210 State Road 17
9 Unit Apartment Building $999,997 ($111,111/Unit) 7.73% Cap Rate Dundee, FL 33838
Investment Highlights
- Situated directly on the shores of Lake Josephine in Dundee, Florida, offering tenants serene lake views and recreational opportunities.
- Built in 1947 with durable concrete block construction and a pitched shingle roof.
- The property comprises nine units, including three studios, three one-bedroom/one-bathroom units, and three two-bedroom/one-bathroom units, catering t
Executive Summary
The Apartment Brokers present Lake Josephine Apartments, a nine-unit multifamily property located in the City of Dundee, Polk County, Florida. Built in 1947, this property offers a rare opportunity to own a waterfront multifamily property situated directly in front of Lake Josephine.
Constructed from concrete block and featuring a pitched shingle roof, Lake Josephine Apartments a diverse unit mix to accommodate a variety of tenant needs, including three studio units, three one-bedroom, one-bathroom units, and three two-bedroom, one-bathroom units. Both electricity and water utilities are covered by the landlord, with water being provided by the city.
This property’s unique waterfront location enhances its appeal, offering tenants 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.
Constructed from concrete block and featuring a pitched shingle roof, Lake Josephine Apartments a diverse unit mix to accommodate a variety of tenant needs, including three studio units, three one-bedroom, one-bathroom units, and three two-bedroom, one-bathroom units. Both electricity and water utilities are covered by the landlord, with water being provided by the city.
This property’s unique waterfront location enhances its appeal, offering tenants 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.
Property Facts
| Price | $999,997 | Apartment Style | Garden |
| Price Per Unit | $111,111 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.32 AC |
| Cap Rate | 7.73% | Building Size | 4,392 SF |
| No. Units | 9 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1947/2007 |
| Property Subtype | Apartment | Parking Ratio | 3.19/1,000 SF |
| Price | $999,997 |
| Price Per Unit | $111,111 |
| Sale Type | Investment |
| Cap Rate | 7.73% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.32 AC |
| Building Size | 4,392 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1947/2007 |
| Parking Ratio | 3.19/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Ceiling Fans
Site Amenities
- Lake Access
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zoning
| Zoning Code | RES |
| RES |
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Lake Josephine Apartments | 1210 State Road 17
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