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1210 State Road 17
Dundee, FL 33838
Lake Josephine Apartments · Multifamily Property For Sale
·
9 Units
Investment Highlights
- Direct Lake Josephine Frontage : a genuinely irreplaceable feature in the Polk County multifamily market; tenants get lake views and recreation
- Durable Concrete Block Construction: masonry walls and pitched shingle roof on a 1.32- acre lakefront parcel.
- Multiple units leased below market; loss-to-lease can be captured at natural turnover with no renovation required.
Executive Summary
Diversified 9-Unit Mix: 3 studios, 3 one-bedrooms, 3 two-bedrooms. Broad tenant pool and reduced concentration risk. Healthy DSCR cushion above lender thresholds, with room to absorb expense shocks or short-term vacancy. Strong day-one cash flow of $38,366 on $300,000 down, climbing to 13.13% and $39,395 in Year 1 proforma.
Property Facts
| Price Per Unit | $138,201 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.32 AC |
| Cap Rate | 8.27% | Building Size | 4,392 SF |
| No. Units | 9 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1947/2007 |
| Property Subtype | Apartment | Parking Ratio | 3.19/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RES - Residential | ||
| Price Per Unit | $138,201 CAD |
| Sale Type | Investment |
| Cap Rate | 8.27% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.32 AC |
| Building Size | 4,392 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1947/2007 |
| Parking Ratio | 3.19/1,000 SF |
| Zoning | RES - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Ceiling Fans
Site Amenities
- Lake Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
Property Taxes
| Parcel Number | 27-28-27-835520-000054 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $885,225 CAD |
Property Taxes
Parcel Number
27-28-27-835520-000054
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$885,225 CAD
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