980 S LAKE SHORE WAY, LAKE ALFRED, FL, 33850
$449,900
Residential
Bedrooms
6
Bathrooms
4
Living Area
2,506 Sqft
Lot Size
20,870 Sqft
INVESTMENT OPPORTUNITY IN LAKE ALFRED! Located at 980 S Lakeshore Way, this unique multi-unit property offers excellent visibility, convenient access, and significant potential for an investor looking to add value and increase rental income. Situated on a prominent corner with frontage along a well-traveled roadway, the property consists of three separate buildings with four residential units, providing a total of 6 bedrooms and 4 bathrooms. The unit mix includes a two-story building with separate upstairs and downstairs residences, along with two additional detached residential buildings. Three units are currently occupied, including established long-term tenants, while one unit is vacant and offers an immediate opportunity for renovation and repositioning. Current rental income is approximately $1,370 per month, with owner-provided estimated market rents totaling approximately $3,400 per month, creating substantial potential for increased income as units are improved and rents are brought closer to market rates. With multiple structures, existing rental history, prominent road frontage, a corner location, and room for property improvements, this property presents an intriguing opportunity for an investor with a vision. Property is being offered in its current condition. Bring your ideas and explore the possibilities this Lake Alfred investment property has to offer. Whether you’re looking to hold as an income-producing property or explore development possibilities in a growing area, this property offers exceptional visibility and location within Lake Alfred’s main commercial corridor.
Property Details
Property Features Property Features
MLS ID: MFRL4965144 Year Built: 1920
Appliances: Electric Water Heater, Range, Refrigerator Construction Materials: Frame
Cooling: Wall/Window Unit(s) Country: US
County Or Parish: Polk Direction Faces: West
Exterior Features: Sidewalk Flooring: Carpet, Other
Foundation Details: Slab Furnished: Unfurnished
Heating: Ductless Laundry Features: None
Levels: Two Listing Agreement: Exclusive Right To Sell
Lot Features: Corner Lot, Sidewalk, Paved Occupant Type: Vacant
Other Structures: Guest House, Storage Possession: Close Of Escrow
Property Condition: Completed Property Sub Type: Single Family Residence
Property Type: Residential Road Surface Type: Paved
Roof: Metal Sewer: Public Sewer
Showing Requirements: Appointment Only, Call Listing Agent Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Utilities: Water Connected Vegetation: Mature Landscaping
Water Source: Public
Rooms Rooms
Living Room: Kitchen:
Primary Bedroom:
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