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Dan Conrad
REALTOR®
(941) 545-0000
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$439,000

650 E Grapefruit Avenue Lake Alfred, FL 33850 • Multi Unit - Multiple • Active

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  • 650 E Grapefruit Avenue , Lake Alfred, FL 33850 Main Photo

Description

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 640 E Grapefruit Ave (Parcel: 26-27-28-493500-00130) for a target 6.24% portfolio cap rate. Multiple financing options available-schedule your private tour today! Disclaimer: Photos depict the vacant unit. Floor plans, interior finishes, and color schemes may vary slightly by unit.

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.17 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $5,987
Year Built: 2023

General Information

Bedrooms: 4
Sqft: 1,800
County: Polk
Subdivision: HIGHLAND
Listed By:
Sharon Bokor BOKORS CORNER REALTY LLC 813-708-2266

Amenities

Ceiling Fans(s)
Crown Molding
Primary Bedroom Main Floor
Walk-In Closet(s)
Window Treatments
Fence
Sidewalk

Property Features

Additional Rooms: Inside Utility
Annual Net Income: 28778.00
Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Directions: US-17 N, Lake Alfred from S Lake Shore Way/US-92 E/US-17 N Turn left onto N Dakota Ave Turn right onto E Tangerine Ave Turn left onto Lake Swoope Dr Turn right onto E Grapefruit Ave 650 E Grapefruit Ave, Lake Alfred, FL 33850
Exterior: Block
Flood Zone Code: X
Flooring: Laminate, Tile
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA, Private Financing Available, Special Funding, VA Loan
Lot Dimensions: 0.17
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Duplex
Security: Smoke Detector(s)
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Call Before Showing, Lock Box Coded, See Remarks, ShowingTime
Special Sale Provisions: None
Utilities: Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Windows: Blinds
Zoning: R-2
$439,000
Est. /mo
4beds
1,800sqft
New to the Market Active
BEDS4 BATHS SQUARE FEET1,800 MLS#R4911947
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONHIGHLAND
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650 E Grapefruit Avenue , Lake Alfred, FL 33850.

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Estimated Payment

$ 2,107.63 per month $1,480.67 Principal & Interest $498.92 Property Tax $128.04 Homeowner's Insurance

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Dan Conrad
Dan Conrad Cell: (941) 545-0000 Email Me
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 09/09/2026. The listing information on this page last changed on 09/09/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 09/09/2026 12:01:16 AM EST) or Stellar MLS (last updated Tue 09/08/2026 11:55:19 PM EST). Real estate listings held by brokerage firms other than Wagner Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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