402 E MAIN ST, DUNDEE, FL, 33838
$420,000
Commercial Sale
|
Living Area
3,352 Sqft
|
Lot Size
9,108 Sqft
|
Fully occupied multifamily investment opportunity on an oversized corner lot with excellent visibility. This two-story apartment building features five units, each with its own electric meter. Each unit offers a one-bedroom, one-bath layout plus a bonus room that could function as a second bedroom, along with a kitchen and living area. Units are equipped with window A/C units.
Tenants pay their own electric, while rent currently includes water and trash. The property is on city water with a septic system approximately 10 years old. Current gross annual income is $51,000, with strong potential for increased returns through renovations and rent adjustments.
Additional features include a storage area that could be converted into a shared laundry facility, adding further value and convenience for tenants. Ideal for investors looking to add value and maximize income potential.
View a video and navigate a 360 degree interactive virtual tour with zoom in and out capabilities to see how close Downtown Dundee is.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRP4938541 | Year Built: | 1946 | |
| Appliances: | Refrigerator | Construction Materials: | Block | |
| Cooling: | Wall/Window Unit(s) | Country: | US | |
| County Or Parish: | Polk | Direction Faces: | North | |
| Foundation Details: | Slab | Heating: | Electric | |
| Income Includes: | Rent Only | Levels: | Two | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash | |
| Possession: | Close Of Escrow | Property Sub Type: | Multi-Family 5+ | |
| Property Type: | Commercial Sale | Road Frontage Type: | City Street | |
| Road Responsibility: | Public Maintained Road | Road Surface Type: | Paved | |
| Roof: | Shingle | Sewer: | Septic Tank | |
| Showing Requirements: | ShowingTime | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
| Utilities: | Electricity Available, Water Connected | Water Source: | Public | |
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