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640 E GRAPEFRUIT AVENUE

Multi-family For Sale
$439,000

BTC: 5.58169104

ETH: 173.48350128

2 days
4 bds
1,800 sqft

Overview

Prime investment opportunity in Lake Alfred! Built in 2023, this modern, turn-key duplex delivers instant cash flow with tenants already in place. Sitting on a ~0.17-acre lot with a private, fully fenced yard and NO HOA, this property offers ultimate flexibility for hands-off landlords or house-hackers looking to live in one side and offset their mortgage. Both units boast a functional, open-concept 2-bedroom, 2-bathroom layout finished with fresh paint, durable low-maintenance flooring, and upgraded stainless steel appliances. Positioned right in the heart of town, residents enjoy fast access to US-17/92 and I-4 for effortless commutes to Orlando or Tampa, along with close proximity to local lakes, the Chain of Lakes Trail, and a planned Publix-anchored development. Portfolio Opportunity: Motivated seller! Can be acquired individually or bundled with the matching, 1,800 sq ft duplex right next door at 650 E Grapefruit Ave (Parcel:26-27-28-493500-001141) for a target 6.24% portfolio cap rate. Multiple financing options available—schedule your private tour today!

Location

Florida • LAKE ALFRED • 33850 • Multi-family • For Sale

Details

Type:
Residential Income
Parking:
No Data
Year Built:
2023
Lot:
0.17 Acres
Heating:
Central
Price/sqft:
$244
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$5,987
2025
All facts and features

  • Flooring

    • Laminate

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Gas Water Heater

    • Microwave

    • Range

    • Refrigerator

    • Washer

    Other interior features

    • Ceiling Fan(s)

    • Crown Molding

    • Eating Space In Kitchen

    • High Ceilings

    • Kitchen/Family Room Combo

    • Open Floorplan

    • Primary Bedroom Main Floor

    • Thermostat

    • Walk-In Closet(s)

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 4

  • Property

    • Levels: One

    • Exterior Features: Fenced / Private Mailbox / Sidewalk

    Lot

    • Lot: 0.17 Acres

    Other Property Information

    • Parcel Number: 262728493500001130

    • Zoning: R-2

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Cable Available

    • Electricity Connected

    • Phone Available

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $5,987

  • Source details

    • MLS ID: R4911803

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: Electric Dryer Hookup / In Kitchen / Laundry Closet

    • Window Features: Blinds / Drapes / Shades / Window Treatments

    • Living Area: 1800

    • Water Source: Public

    • Lot Size Dimensions: 50 x 145

    • Subdivision Name: HIGHLAND SUB

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33850
156
median $339K
Active
Same city
LAKE ALFRED
156
median $339K
Active
Same type
Multi-family
3
median $439K
Active
Similar price
$307K – $570K
92
median $377K
Active

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: BOKORS CORNER REALTY LLC