DUNDEE, FL 33838 1210 STATE 17 ROAD S

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Presented By: with . - 407-207-2220
  • MLS# TB8514488
  • 06/01/2026
  • Request Tour
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Disclaimer: The information contained in this listing has not been verified by Homepride Group at EXP Realty and should be verified by the buyer.
  • Beds • 12
  • Baths • 9
  • SQFT • 3,792

Home Details

SELLER FINANCING AVAILABLE. CONTACT LISTING AGENT FOR DETAILS. Lake Josephine Apartments is a 9-unit waterfront multifamily asset sitting directly on the shoreline in Dundee, FL. A rare lakefront offering. The property delivers a 12.79% cash-on-cash return in-place with Year 1 proforma climbing to 13.13%, supported by a balanced unit mix of three studios, three 1BR/1BA, and three 2BR/1BA units across 3,792 SF of concrete block construction on a 1.32-acre lot. In-place rents currently sit below market on multiple units, leaving a clear path to grow returns further without renovation risk. With the landlord covering electric, water, sewer, and trash, operations are simple and tenant turnover is straightforward This property’s unique waterfront location enhances its appeal, offering tenants a serene living environment while also providing significant potential for investors looking to capitalize on the property’s natural setting and strong rental demand in Dundee. Lake Josephine Apartments combines solid construction, a diverse unit mix, and an unbeatable lakeside location, making it an exceptional investment opportunity in the heart of Polk County. *DISCLAIMER: ONE UNIT IS NON-CONFORMING*
Presented By: with . - 407-207-2220

Interior Features for 1210 STATE 17 ROAD S

Bedrooms

Total Bedrooms12

Bathrooms

Total Baths9

Other Interior Features

LivingAreaSourcePublic Records
Air Conditioning Y/NYes
Fireplace FeaturesMasonry
Fireplace Y/NYes
Heating Y/NYes
Interior AmenitiesNinguno
Laundry FeaturesNone

General for 1210 STATE 17 ROAD S

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Carport Y/NNo
CityDUNDEE
Construction MaterialsConcrete, Wood Frame
CoolingWall/Window Unit(s)
CountyPolk
DirectionsDundee, FL
DockY/NNo
Flood Zone CodeX
Flood Zone Code XY
Garage Y/NNo
Gross Income110067
HeatingElectric
Land Lease Y/NNo
Legal DescriptionFLA HIGHLANDS CO SUB OR LAKE JOSEPHINE VILLA LOTS PB 1 PG 87 LOTS 5 & 6 PART DES AS COMM SE COR LOT 6 RUN N 17 DEG 30 MIN 04 SEC W 130 FT S 72 DEG 25 MIN 43 SEC W 228.25 FT FOR POB RUN S 72 DEG 25 MIN 43 SEC W 246.34 FT N 01 DEG 37 MIN 51 SEC W 75.4 FT N 06 DEG 33 MIN 10 SEC W 133.81 FT N 63 DEG 18 MIN 04 SEC E 201.42 FT TO R/W SELY ALONG R/W 63.96 FT S 03 DEG 22 MIN 20 SEC E 228.36 FT TO POB
Listing TermsCash, Conventional, Owner May Carry
Living Area UnitsSquare Feet
Lot Size Square Feet57521
Lot Size UnitsAcres
MLS Area33838 - Dundee
New ConstructionNo
Ok to Lease12 Months
OwnershipFee Simple
Property SubtypeQuadruplex
Property TypeResidential Income
RoofShingle
Senior Community Y/NNo
SewerSeptic Needed
Standard StatusActive
StatusActive
Subdivision NameFLA HIGHLANDS CO SUB
Tax Annual Amount14861.24
Tax Lot6
Tax Year2025
Tenant PaysElectricity
UtilitiesElectricity Connected, Water Connected
Virtual TourClick here
Water Access TypeLake
Water Access Y/NYes
Water ViewLake
Water View Y/NYes
Waterfront FeaturesLake Front
Year Built1947

Exterior for 1210 STATE 17 ROAD S

Exterior AmenitiesNone
Foundation DetailsSlab
Lot Dimensions150 x 220
Lot Size Acres1.32
Lot Size Area1.3205
Number of Buildings1
Private PoolNo
Road Surface TypeAsphalt
Water SourcePublic
Waterfront Y/NYes

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Steven Pugh

Broker Associate | Team Leader
Price $899,000
MLS#TB8514488
List Date 06/01/2026
Property Type Income
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