$471,000

640 E Grapefruit Ave Lake Alfred, FL 33850

Estimated payment $2,934/month

Total Views 38
4 Beds
4 Baths
1,925 Sq Ft
$245 Price per Sq Ft

Highlights

  • Lake Front
  • Granite Countertops
  • Living Room
  • Open Floorplan
  • Stainless Steel Appliances
  • Landscaped with Trees

About This Home

Newer-construction duplex offering immediate rental income potential with tenants already in place. Built in 2023, this property sits on approximately 0.17 acres with a spacious fenced yard and no HOA, providing added flexibility for ownership and use. Each unit features modern finishes, efficient layouts, and low-maintenance design suited to a variety of living needs. Located near everyday amenities, major roadways, and local services, the property also benefits from ongoing area growth, including a newly announced Publix development in Lake Alfred, which may contribute to increased convenience and community expansion. This duplex presents an opportunity for both investors and owner-occupants seeking income-producing real estate. Information is deemed reliable but should be independently verified.

Listing Agent

Nijael Mustafa

FHG REALTY, LLC Listed on: 02/05/2026

FHG REALTY, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,828

Year Built

  • Built in 2023

Lot Details

  • 7,405 Sq Ft Lot
  • Lake Front
  • Fenced
  • Landscaped with Trees

Home Design

  • Asphalt Roof
  • Stucco

Interior Spaces

  • 1,925 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Living Room
  • Vinyl Flooring
  • Lake Views

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Water Heater

Community Details

  • Highland Sub Pb 4 Pg 2 Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,828

Year Built

Built in 2023

Lot Details

0

Listing Details

  • ExteriorFence: Yes
  • FloorVinyl: Yes
  • HamletID: 0
  • HasCentralAC: Yes
  • KitchenCounterType: Granite
  • LandRentAmount: 0
  • Lot Size Acres: 0.17
  • Number Of Stories: 1
  • PercentageOfTaxThatIsDeductable: 0
  • PropertyCity: Lake Alfred
  • Prop. Type: Multi-Unit (2-4)
  • Renovation Year: 0
  • ResidentialStyle: 2600
  • RoofAsphalt: Yes
  • Kitchen: Yes
  • Primary Bedroom: Yes
  • SForSaleAndRForRental: S
  • SidingStucco: Yes
  • Subdivision Name: HIGHLAND SUB PB 4 PG 2
  • USStateAbbreviation: FL
  • ViewLake: Yes
  • ViewStreet: Yes
  • WaterfrontLake: Yes
  • Year Built: 2023
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • ApplianceDishwasher: Yes
  • ApplianceDryer: Yes
  • ApplianceGarbageDisposal: Yes
  • ApplianceHotWaterHeater: Yes
  • ApplianceMicrowave: Yes
  • ApplianceOven: Yes
  • ApplianceRefrigerator: Yes
  • ApplianceStainlessSteel: Yes
  • ApplianceWasher: Yes
  • Kitchen Type: Open
  • Fireplaces: 0
  • Living Room: Yes
  • AboveArea Sq Ft: 1925

Exterior Features

  • Construction Type: Masonry - Stucco
  • Trees: Yes

Garage/Parking

  • AttachedParking: 0
  • Numberof Garage Spaces: 0

Condo/Co-op/Association

  • HOA Fees: 0
  • Units in Building: 0

Lot Info

  • Number Of Lots: 0

Multi Family

  • Unit Number of Bedrooms: 4
  • Total Taxes: 5828

Tax Info

  • Tax Year: 2025

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,480 $312,120 $13,485 $166,466
2024 $254 $285,120 $13,485 $162,389
2023 $254 $13,000 $13,000 --
2022 $218 $11,000 $11,000 $0
2021 $206 $10,000 $10,000 $0
2020 $195 $9,400 $9,400 $0
2018 $192 $9,000 $9,000 $0
2017 $183 $8,600 $0 $0
2016 $186 $8,600 $0 $0
2015 $182 $8,200 $0 $0
2014 $162 $7,480 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/05/2026 02/05/26 For Sale $471,000 +10.8% $245 / Sq Ft
07/26/2023 07/26/23 Sold $425,000 0.0% $235 / Sq Ft View Prior Sale
06/27/2023 06/27/23 Pending -- -- --
05/23/2023 05/23/23 Price Changed $425,000 -5.6% $235 / Sq Ft
03/19/2023 03/19/23 For Sale $450,000 -- $249 / Sq Ft
Source: My State MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $425,000 Home Solution Title
Warranty Deed $25,000 None Listed On Document
Warranty Deed $25,000 None Listed On Document
Quit Claim Deed $1,254 None Listed On Document
Quit Claim Deed -- Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $318,750 New Conventional
Source: Public Records

Source: My State MLS

MLS Number: 11642456

APN: 26-27-28-493500-001130

Florida Polk County Lake Alfred 33850

640 E Grapefruit Ave, Lake Alfred, FL

For Sale

MultiFamily

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Listing Agent
Nijael Mustafa
Section Image
FHG REALTY, LLC
(863) 734-6343