608 Dundee RdDundee, FL 33838

Property Details for 608 Dundee Rd

Year built

1925

Construction

FRAME

Lot size

0.34 AC

Property size (Sq ft)

864 SF

Zone code

C-1

Property type

Investment properties

Property subtype

Live-work space

APN

272829848000001280

APU

272829848000001280

Description

This exceptional mixed-use property in Dundee, Florida, presents a lucrative investment opportunity. Situated on a 0.34-acre lot at 608 Dundee Road, this property boasts a total of 3,948 square feet and comprises two separate structures. The first is a two-story, 2,131-square-foot building featuring two ground-floor retail/office spaces currently leased to a religious facility at below-market rent, and two renovated studio apartments on the second floor, each commanding $1,250 in monthly rent. These studios boast new kitchen counters and laminate flooring, and the entire building has recently undergone significant improvements, including a brand-new metal roof and individual mini-split A/C units in each unit. The second structure is a 1,384-square-foot duplex, containing a 3-bedroom/1-bathroom unit and a 2-bedroom/1-bathroom unit. One unit is occupied by a long-term tenant, and the other has been completely renovated. Both buildings have been renovated within the past few years. The property's prime location near the Dundee Ridge shopping center and approximately 10 minutes from downtown Winter Haven offers excellent accessibility and strong rental demand. This property presents a unique blend of income generation and significant upside potential, making it an ideal investment for discerning buyers. The asking price is $635,000.

• CAP approach

  CAP return

  Valuation

  6%

  $252,517

  6.5%

  $233,093

  7%

  $216,443

• Comparable approach

  Method

  Valuation

  Relative Method

  $177,123

  Geo Method

  $135,674

• Alternative Use

  Use

  Valuation

  Residential

  $289,035

  Hospitality

  $264,754

  Educational

  $220,273

  Medical

  $227,848

  Retail

  $342,646

Location Insight

City

Dundee

County

Polk

State

Florida

Latitude

28.019

Longitude

-81.6289

CBSA code

29460

CBSA name

LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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