640-650 E Grapefruit Ave 2,939 SF Specialty Building Offered at $1,214,704 CAD in Lake Alfred, FL 33850

Opportunity to acquire two duplex properties located at 640-650 E Grapefruit Avenue in Lake Alfred, Florida. Offered together for $878,000, the portfolio consists of two one-story residential income buildings totaling 2,939 square feet. The properties provide flexibility for investors seeking rental income as well as owner-occupants looking to offset housing costs through tenant income.
Each duplex contributes to a diversified residential investment opportunity in a growing Central Florida market positioned between the Tampa and Orlando metropolitan areas. The configuration supports multiple ownership strategies, including maintaining all units as income-producing rentals or occupying one unit while leasing the remaining units. The properties' residential layout and manageable scale may appeal to investors seeking straightforward operations and local market exposure.
Buyers also have the option to acquire an individual duplex rather than the entire portfolio, with a single property available for $439,000. This flexibility creates opportunities for investors at different acquisition sizes and capital levels while preserving future expansion potential through ownership of both assets.
The properties are situated within Lake Alfred, providing convenient access to regional transportation corridors, employment centers, retail services, and surrounding Polk County communities. The combination of income potential, ownership flexibility, and the ability to purchase one or both duplexes offers multiple paths for investment and occupancy.