1210 State 17 Rd S Dundee, FL 33838
Dundee AreaEstimated payment $5,900/month
Highlights
- 50 Feet of Lake Waterfront
- No HOA
- Heating Available
- 1.32 Acre Lot
About This Home
Lake Josephine Apartments is a 9-unit waterfront multifamily asset sitting directly on the shoreline in Dundee, FL. A rare lakefront offering. The property has 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 straightforward
This property’s unique waterfront location enhances its appeal, offering tenants a serene living environment while also providing significant potential for investors looking to capitalize on the property’s 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*
Listing Agent
FLORIDA REALTY INVESTMENTS Brokerage Phone: 407-207-2220 License #3470017 Listed on: 06/01/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,861
Year Built
- Built in 1947
Lot Details
- 1.32 Acre Lot
- Lot Dimensions are 150x220
- 50 Feet of Lake Waterfront
- Lake Front
Home Design
- Quadruplex
- Slab Foundation
- Frame Construction
- Shingle Roof
- Concrete Siding
Interior Spaces
- 3,792 Sq Ft Home
- Fireplace Features Masonry
- Lake Views
Bedrooms and Bathrooms
- 12 Bedrooms
- 9 Bathrooms
Outdoor Features
- Access To Lake
Utilities
- Cooling System Mounted To A Wall/Window
- Heating Available
- Septic Needed
Listing and Financial Details
- Visit Down Payment Resource Website
- Tax Lot 6
- Assessor Parcel Number 27-28-27-835520-000054
Community Details
Overview
- No Home Owners Association
- 2 Units
- Fla Highlands Co Sub Subdivision
Building Details
- Operating Expense $35,761
- Gross Income $110,067
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/29/2026 07/29/26 | Price Changed | $849,000 | -5.6% | $224 / Sq Ft |
| 06/01/2026 06/01/26 | For Sale | $899,000 | -- | $237 / Sq Ft |
Source: Stellar MLS
MLS Number: TB8514488
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Listings courtesy of Stellar MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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Ask me questions while you tour the home.