To schedule a showing of 1210 State Road, Dundee, Florida, Call David Shippey at 863-521-4517 TODAY!
$899,000 | 12 beds | N/A full baths | N/A half baths | 3,792 sqft
Dundee, FL 33838
- 12Beds
- 9.00Total Baths
- 0 Full, 0 HalfBaths
- 3,792SqFt
- 1947Year Built
- 1.32Acres
- MLS# TB8514488
- Income
- Quadruplex
- Active
- Approx Time on Market5 days
- Area33838 - Dundee
- CountyPolk
- Subdivision Fla Highlands Co Sub
Overview
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 straightforwardThis propertys unique waterfront location enhances its appeal, offering tenants a serene living environment while also providing significant potential for investors looking to capitalize on the propertys 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*
Agriculture / Farm
Association Fees / Info
Bathroom Info
Total Baths: 9.00
Building Info
Roof: Shingle
Buyer Compensation
Exterior Features
Exterior Features: None
Fees / Restrictions
Financial
Gross Income: 110,067
Expense Tenant: Electricity
Original Price: $899,000
Garage / Parking
Green / Env Info
Interior Features
Fireplace Desc: Masonry
Fireplace: Yes
Laundry Features: None
Lot Info
Direction Remarks: Dundee, FL
Lot Size Units: Acres
Lot Size Acres: 1.32
Lot Sqft: 57,521
Est Lotsize: 150x220
Misc
Other
Special Conditions: None
Other Rooms Info
Property Info
Section: 27
Class Type: Quadruplex
Property Sub Type: Quadruplex
Construction Materials: Concrete, WoodFrame
Foundation: Slab
Sqft Info
Sqft: 3,792
Living Area Units: SquareFeet
Living Area Source: PublicRecords
Tax Info
Tax Year: 2,025
Tax Lot: 6
Tax Legal Description: FLA HIGHLANDS CO SUB OR LAKE JOSEPHINE VILLA LOTS PB 1 PG 87 LOTS 5 & 6 PART DES AS COMM SE COR LOT 6 RUN N 17 DEG 30 MIN 04 SEC W 130 FT S 72 DEG 25 MIN 43 SEC W 228.25 FT FOR POB RUN S 72 DEG 25 MIN 43 SEC W 246.34 FT N 01 DEG 37 MIN 51 SEC W 75.4 FT N 06 DEG 33 MIN 10 SEC W 133.81 FT N 63 DEG 18 MIN 04 SEC E 201.42 FT TO R/W SELY ALONG R/W 63.96 FT S 03 DEG 22 MIN 20 SEC E 228.36 FT TO POB
Tax Annual Amount: 14861.24
Tax Book Number: 1-87
Unit Info
Utilities / Hvac
Heating: Electric
Water Source: Public
Sewer: SepticNeeded
Cool System: WallWindowUnits
Cooling: Yes
Heating: Yes
Utilities: ElectricityConnected, WaterConnected
Waterfront / Water
Waterfront: Yes
Waterfront Features: LakeFront, LakePrivileges
View: Yes
View: Lake, Water
Directions
Dundee, FLThis listing courtesy of Florida Realty Investments
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program of the My Florida Regional MLS DBA Stellar MLS. XCELLENCE is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of XCELLENCE, a broker participant of My Florida Regional MLS DBA Stellar MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
MLS IDX data last updated on 06-07-2026 2:00 AM EST.
If you have any questions on 1210 State Road, Dundee, Florida, please call David Shippey at 863-521-4517.
MLS# TB8514488 located at 1210 State Road, Dundee, Florida is brought to you by David Shippey REALTOR®
1210 State Road, Dundee, Florida has 12 Beds, 0 Full Bath, and 0 Half Bath.
The MLS Number for 1210 State Road, Dundee, Florida is TB8514488.
The price for 1210 State Road, Dundee, Florida is $899,000.
The status of 1210 State Road, Dundee, Florida is Active.
The subdivision of 1210 State Road, Dundee, Florida is Fla Highlands Co Sub.
The home located at 1210 State Road, Dundee, Florida was built in 2026.