608 Dundee Road, DUNDEE, FL 33838
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  • MLS#: P4937571 ( Commercial Sale )
  • Street Address: 608 Dundee Road
  • Viewed: 6
  • Price: $724,900
  • Price sqft: $184
  • Waterfront: No
  • Year Built: 1986
  • Bldg sqft: 3948
  • Days On Market: 8
  • Additional Information
  • Geolocation: 28.019 / -81.6289
  • County: POLK
  • City: DUNDEE
  • Zipcode: 33838
  • Subdivision: Scenic Heights
  • Provided by: JULIE MATTHEWS GROUP LLC
  • Contact: Kennedy Matthews
  • 863-528-0037
  • mfrmls
  • DMCA Notice
  • Description
    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 $8,800 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 2 bedroom 1 bath unit, currently leased for $1,450 per month & a 3 bedroom 1 bath 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. Five units are equipped with newe mini split A/C/heat systems, while the duplexs 3/1 unit features central heat & air conditioning. 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. Whats 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 Countys 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 $105,600 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! All measurements are approximate & all information should be confirmed by buyer.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Flooring: Ceramic Tile, Laminate, Vinyl
  • Living Area: 3515.00
  • Roof: Metal, Shingle
Property Information
  • Property Condition: Completed
Land Information
  • Lot Features: City Limits, Street Lights, Paved
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: Parking Spaces - 13 to 18
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air, Mini-Split Unit(s)
  • Electric: Separate Meters
  • Heating: Central, Electric, Other
  • Road Frontage Type: County Road, Main Throrughfare
  • Sewer: Septic Tank
  • Utilities: BB/HS Internet Capable, Electricity Available, Public, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2025
Other Features
  • Appliances: Refrigerator
  • Country: US
  • Legal Description: SCENIC HIEGHTS PB 22 PG 21 LOT 128 & THAT PT OF CLOSED WINTER HAVEN RD LYING SELY OF ABOVE & LYING W OF B B GRAY PROPERTY SUB & LYING N OF SR 542 AS PER OR 8302-2013 LESS R/W PARCEL 185.1 SECTION 16280-000 FOR SR 542 AS DESC IN OR 10129 PG 361
  • Levels: Two
  • Area Major: 33838 - Dundee
  • Parcel Number: 27-28-29-848000-001280
  • Zoning Code: C-1