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1210 State Road 17
Dundee, FL 33838
Lake Josephine Apartments · Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Lot Size | 1.32 AC |
| Property Type | Multifamily | Building Size | 4,392 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built/Renovated | 1947/2007 |
| Building Class | C | Parking Ratio | 3.19/1,000 SF |
| Zoning | RES | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.32 AC |
| Building Size | 4,392 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1947/2007 |
| Parking Ratio | 3.19/1,000 SF |
| Zoning | RES |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Ceiling Fans
SITE AMENITIES
- Lake Access
ABOUT 1210 STATE ROAD 17 , DUNDEE, FL 33838
Excellent Opportunity to Own an 8-Unit Apartment Complex on Lake Josephine! Lake Josephine Apartments is located in the Heart of Dundee off of Highway 27. Apartment is made up of a main building with 8 units (three Studio/1 BAs, three 2 BR/1 BAs, two 1 BR/1 BAs), 14+ parking spaces and a secondary building with a potential laundry area and another 1 BR/1 BA. Apartment is currently running below fair markets rents with at least a 10% in rent increases possible and even more with some minimal upgrades. Current owner has already received approval by the city to build another 8 unit building on the property as well. This apartment has tremendous upside with some quality upgrades and management. Location is perfect in the growing City of Dundee just minutes from everything including restaurants, shopping, major streets and schools.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | $1,650 | - |
| 1+1 | 2 | $1,150 | - |
| 2+1 | 3 | $2,175 | - |
