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610 Dundee Rd 2,612 SF 83% Leased Retail Building Dundee, FL 33838 $988,459 CAD ($378.45 CAD/SF)

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Investment Highlights

2 buildings w/ commercial options - a duplex & a quadraplex
duplex could be purchased on its own at $284,900. (property would be subdivided)

potential gross annual income of $106,200

Executive Summary

This commercial property with 6 units is an excellent income producer with various land use possibilities that is located on the heavily travelled Dundee Road, leading directly into the fast-growing town of Dundee! With a projected income of $8,850 per month, this property yields an astounding return on investment & will pay itself off before you know it. The property is a little over 1/3 of an acre, offering plenty of parking options & features 2 separate buildings: a duplex(1,384 heated Sq FT) & a quadraplex(2,131 heated SQ FT). The duplex has a 2BR/1BA unit, currently leased for $1,500 per month & a 3BR/1BA unit that has been recently updated, including 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 for easy showings during the sale. The quadraplex is a well-maintained & strong 2-story concrete block building with a new metal roof. The 2 upstairs units have been recently renovated featuring upgraded wood-laminate flooring & nice kitchenettes with granite countertops. Both upstairs units are currently leased to the same tenant for $1,250 per month, each. The downstairs units are both currently leased together to a long-term tenant that will soon be vacating, & the new expected rent for these units is $1,500 per month, each. There is an Ansul System & a grease trap with one of downstairs units, making it ideal for a restaurant-type business, although there are all sorts of businesses that would thrive in the space. All together, both buildings feature fresh exterior paint which promotes strong curb appeal. Each building has its own septic system & water meter, with 6 separate electrical meters total: one per unit. 5 units are equipped with new mini-split A/C/heat systems, while the duplex’s 3/1 unit features C/H/A. The duplex, originally built in 1925, has an effective year of 1992 per county. The quadraplex was built in 1986 with an effective year of 2000 per county. 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, and 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 a year in passive gross income? Or better yet, why not jump on this opportunity to move your own growing business to this fabulous location w/ an option to conveniently live on site, while still receiving additional income from the other rental units? Schedule a showing to see for yourself just how fast this property could become an easy money-maker for you! This property could be subdivided & the duplex building sold separately on it's own at a price of $284,900. All measurements are approx & all info should be confirmed by buyer.