650 E GRAPEFRUIT AVE, LAKE ALFRED, FL, 33850
$439,000
Residential Income
Bedrooms
4
Bathrooms
4
Living Area
1,800 Sqft
Lot Size
7,248 Sqft
Prime investment opportunity in Lake Alfred! Built in 2023, this modern, turn-key duplex delivers instant cash flow with tenants already in place. Sitting on a ~0.17-acre lot with a private, fully fenced yard and NO HOA, this property offers ultimate flexibility for hands-off landlords or house-hackers looking to live in one side and offset their mortgage. Both units boast a functional, open-concept 2-bedroom, 2-bathroom layout finished with fresh paint, durable low-maintenance flooring, and upgraded stainless steel appliances. Positioned right in the heart of town, residents enjoy fast access to US-17/92 and I-4 for effortless commutes to Orlando or Tampa, along with close proximity to local lakes, the Chain of Lakes Trail, and a planned Publix-anchored development. Portfolio Opportunity: Motivated seller! Can be acquired individually or bundled with the matching, 1,800 sq ft duplex right next door at 640 E Grapefruit Ave (Parcel: 26-27-28-493500-00130) for a target 6.24% portfolio cap rate. Multiple financing options available—schedule your private tour today! Disclaimer: Photos depict the vacant unit. Floor plans, interior finishes, and color schemes may vary slightly by unit.
Property Details
Property Features Property Features
MLS ID: MFRR4911947 Year Built: 2023
Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer Construction Materials: Block
Cooling: Central Air Country: US
County Or Parish: Polk Exterior Features: Fence, Sidewalk
Flooring: Laminate, Tile Foundation Details: Slab
Heating: Central Laundry Features: Electric Dryer Hookup, In Kitchen, Laundry Closet, Washer Hookup
Levels: One Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Conventional, FHA, Private Financing Available, Special Funding, VA Loan Possession: Close Of Escrow
Property Sub Type: Duplex Property Type: Residential Income
Road Surface Type: Paved Roof: Shingle
Security Features: Smoke Detector(s) Sewer: Public Sewer
Showing Requirements: 24 Hour Notice, Call Before Showing, Lock Box Coded, See Remarks, ShowingTime Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Utilities: Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected Water Source: Public
Window Features: Blinds
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