980 S LAKE SHORE WAY Lake Alfred, FL 33850
6 Beds
4 Baths
2,506 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,506 sqft
Price per Sqft $179
Subdivision Rochelle Terrace
MLS Listing ID L4965144
Bedrooms 6
Full Baths 4
Construction Status Completed
HOA Y/N No
Year Built 1920
Annual Tax Amount $1,647
Lot Size 0.480 Acres
Acres 0.48
Lot Dimensions 150x140
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
The unit mix includes a two-story building with separate upstairs and downstairs residences, along with two additional detached residential buildings. Three units are currently occupied, including established long-term tenants, while one unit is vacant and offers an immediate opportunity for renovation and repositioning. Current rental income is approximately $1,370 per month, with owner-provided estimated market rents totaling approximately $3,400 per month, creating substantial potential for increased income as units are improved and rents are brought closer to market rates.
With multiple structures, existing rental history, prominent road frontage, a corner location, and room for property improvements, this property presents an intriguing opportunity for an investor with a vision. Property is being offered in its current condition. Bring your ideas and explore the possibilities this Lake Alfred investment property has to offer.
Whether you're looking to hold as an income-producing property or explore development possibilities in a growing area, this property offers exceptional visibility and location within Lake Alfred's main commercial corridor.
Location
State FL
County Polk
Community Rochelle Terrace
Area 33850 - Lake Alfred
Zoning C-1
Interior
Interior Features Ninguno
Heating Ductless
Cooling Wall/Window Unit(s)
Flooring Carpet, Other
Furnishings Unfurnished
Fireplace false
Appliance Electric Water Heater, Range, Refrigerator
Laundry None
Exterior
Exterior Feature Sidewalk
Garage Spaces 1.0
Utilities Available Water Connected
View Y/N No
Water Access No
Roof Type Metal
Attached Garage false
Exposure West
Garage true
Private Pool No
Building
Lot Description Corner Lot, Sidewalk, Paved
Story 2
Entry Level Two
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Frame
New Construction false
Construction Status Completed
Schools
Elementary Schools Lake Alfred Elem
Middle Schools Stambaugh Middle
High Schools Auburndale High School
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/L4965144
