Real Estate Companies Venice, FL

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! 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 quadraplex (2,131 heated sq ft). The duplex features a 2-bedroom 1-bath unit currently leased for $1,500 per month, along with a 3-bedroom, 1-bath 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 per month & is currently vacant, allowing for easy showings during the sale. The quadraplex 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 with granite countertops. Both upstairs units are currently leased to the same tenant for $1,250 per month per unit. The two downstairs units are currently leased together to a long-term tenant who will soon be vacating, & the new expected rent is $1,500 per-month per-unit, creating immediate upside for the next owner. 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 quadraplex 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.

Property Details

Property Features
MLS ID:	MFRP4937609	Year Built:	1986
Appliances:	Cooktop, Electric Water Heater, Range, Refrigerator	Community Features:	Street Lights
Construction Materials:	Block, Stucco, Frame	Cooling:	Central Air, Mini-Split Unit(s)
Country:	US	County Or Parish:	Polk
Exterior Features:	Sidewalk	Flooring:	Laminate, Tile, Vinyl
Foundation Details:	Block, Crawlspace	Heating:	Central, Other
Laundry Features:	Other, Outside	Levels:	Two
Listing Agreement:	Exclusive Right To Sell	Listing Terms:	Cash, Conventional, FHA, VA Loan
Lot Features:	Sidewalk, Paved	Parking Features:	Driveway, Open
Patio And Porch Features:	Covered	Property Condition:	Completed
Property Sub Type:	Multi-Family 5+	Property Type:	Residential Income
Road Surface Type:	Paved	Roof:	Metal, Shingle
Sewer:	Septic Tank	Showing Requirements:	Appointment Only, Call Listing Agent, ShowingTime
Special Listing Conditions:	None	Standard Status:	Active
State Or Province:	FL	Utilities:	BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Water - Multiple Meters, Water Connected
Water Source:	Public

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