Property Description

This commercial mixed-use duplex property is an excellent income producer with multiple use possibilities, ideally located on the heavily traveled Dundee Road, leading directly into the fast-growing town of Dundee! With strong in-place income & upside potential, this property offers an attractive return on investment & the ability to pay for itself faster than most opportunities with a gross monthly expected income of $3,350. The duplex has a total of 1,384 heated square feet, with several parking options & excellent visibility along one of Polk County's main corridors. The duplex features a 2BR/1BA unit currently leased for $1,500./month & 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/month & is currently vacant, allowing for easy showings during the sale. With its layout, location & zoning, the property allows for flexibility in its continued present use or future mixed-use potential as permitted. The building has a transferable termite warranty & features fresh exterior paint, giving it strong curb appeal. The duplex has one water meter & septic system & separate electrical meters for each unit. The 2-bedroom unit is equipped with a mini-split A/C system, while the 3-bedroom unit features central heat/air conditioning. Originally built in 1925, the duplex carries an effective year of 1992, offering the charm of an older structure with meaningful updates already in place. 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, and 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 owning a high-visibility mixed-use property earning $40,200. a year in passive gross income & future flexibility? Or better yet, why not jump on this opportunity to move your own growing business to this fabulous location, while still receiving additional income from the other rental unit? Schedule a showing & see firsthand how easily this duplex can become a strong, long-term money-maker! **This duplex is presently part of a larger parcel containing the quadruplex beside it. The whole parcel & both buildings are listed for sale together on a separate listing, (P4937571) for $724,900. However owner is willing to subdivide the land so that the duplex could be bought individually, if buyer desires. The division of the land would be at the concrete wall between the buildings. When seller has survey finalized there will be a new legal description created and it will be filed with the county and a new parcel ID number will then be given. Please note that tax amount in MLS is for entire parcel, which is inclusive of the quadruplex, so the actual tax bill for the duplex should be lower when it becomes taxed on its own. Lot dimensions are approximate until we have survey in hand for the subdivision of the land. All measurements are approximate & all information should be confirmed by buyer. The whole parcel including the quadruplex unit is also listed for sale at a list price of $724,900. & the MLS# is: P4937571

Property Features