New ListingPrime investment opportunity in Lake Alfred! Built in 2023, this modern, turn-key duplex delivers instant cash flow with tenants already in place. Sitting on a ~0.17-acre lot with a private, fully fenced yard and NO HOA, this property offers ultimate flexibility for hands-off landlords or house-hackers looking to live in one side and offset their mortgage. Both units boast a functional, open-concept 2-bedroom, 2-bathroom layout finished with fresh paint, durable low-maintenance flooring, and upgraded stainless steel appliances. Positioned right in the heart of town, residents enjoy fast access to US-17/92 and I-4 for effortless commutes to Orlando or Tampa, along with close proximity to local lakes, the Chain of Lakes Trail, and a planned Publix-anchored development. Portfolio Opportunity: Motivated seller! Can be acquired individually or bundled with the matching, 1,800 sq ft duplex right next door at 640 E Grapefruit Ave (Parcel: 26-27-28-493500-00130) for a target 6.24% portfolio cap rate. Multiple financing options available-schedule your private tour today! Disclaimer: Photos depict the vacant unit. Floor plans, interior finishes, and color schemes may vary slightly by unit.
| MLS # | R4911947 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | For-sale |
| Status | Active |
| Year | 2023 |
| Days On Site | 1 |
| Listing Provided By | BOKORS CORNER REALTY LLC | Sharon Bokor |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 1,800 |
| Story(s) | 1 |
| Zoning | R-2 |
| Acreage | 0.17 |
| Property | 5987 |
|---|
| State | FL |
|---|---|
| County | Polk |
| City | LAKE ALFRED |
| Zip Code | 33850 |
| Area | 33850 Lake Alfred |
| Community Name | HIGHLAND SUB |
| Listing VS Median (in HIGHLAND SUB) | |
Price: $439,000 low | high Med: $439,000 sqft: 1,800 low | high Med: 1,800 $ / sqft: $244 low | high Med: $244 On site: 1 low | high Med: 1.5 | |
| State | FL |
|---|---|
| County | Polk |
| City | LAKE ALFRED |
| Zip Code | 33850 |
| Area | 33850 Lake Alfred |
| Community Name | HIGHLAND SUB |
| Listing VS Median (in HIGHLAND SUB) | |
Price: $439,000 low | high Med: $439,000 sqft: 1,800 low | high Med: 1,800 $ / sqft: $244 low | high Med: $244 On site: 1 low | high Med: 1.5 | |