$899,000
1210 State 17 Road S Dundee, FL 33838
For Sale MLS# TB8514488
12 beds 9 baths 3,792 sq ft Multi-family
Details for 1210 State 17 Road S
MLS# TB8514488
Description for 1210 State 17 Road S, Dundee, FL, 33838
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*
Listing Information
Property Type: Residential, Quadruplex
Status: Active
Bedrooms: 12
Bathrooms: 9
Lot Size: 1.32 Acres
Square Feet: 3,792 sq ft
Year Built: 1947
Construction: Concrete,Wood Frame
Subdivision: Fla Highlands Co Sub
Foundation: Slab
County: Polk
Interior Features
Fireplaces: Masonry
Utilities
Water: Public
Sewer: Septic Needed
Other Utilities: Electricity Connected,Water Connected
Cooling: Wall/Window Unit(s)
Heating: Electric
Exterior / Lot Features
Roof: Shingle
Lot View: Lake,Water
Lot Dimensions: 150x220
Waterfront Details
Water Front Features: Lake Front, Lake Privileges
Unit Information
Unit 1 Units Total: 6
Unit 1 Actual Rent: 950
Unit 1 Baths Total: 1
Unit 1 Beds Total: 1
Unit 2 Units Total: 3
Unit 2 Actual Rent: 1200
Unit 2 Baths Total: 1
Unit 2 Beds Total: 2
Driving Directions
Dundee, FL
Financial Considerations
Terms: Cash,Conventional,Owner May Carry
Tenant Pays: Electricity
Gross Income: 110067
Tax/Property ID: 27-28-27-835520-000054
Tax Amount: 14861.24
Tax Year: 2025
A broker reciprocity listing courtesy: FLORIDA REALTY INVESTMENTS
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 1210 State 17 Road S
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 1210 State 17 Road S
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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