640 E Grapefruit Ave Lake Alfred, FL 33850
Lake Alfred AreaEstimated payment $2,933/month
Highlights
- Open Floorplan
- Main Floor Primary Bedroom
- No HOA
- Frank E. Brigham Academy Rated 9+
- High Ceiling
- Family Room Off Kitchen
About This Home
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!
Listing Agent
BOKORS CORNER REALTY LLC Brokerage Phone: 813-708-2266 License #685689 Listed on: 09/08/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,987
Year Built
- Built in 2023
Lot Details
- 7,248 Sq Ft Lot
- Lot Dimensions are 50x145
- Fenced
Home Design
- Duplex
- Slab Foundation
- Shingle Roof
- Block Exterior
Interior Spaces
- 1,800 Sq Ft Home
- Open Floorplan
- Crown Molding
- High Ceiling
- Ceiling Fan
- Shades
- Blinds
- Drapes & Rods
- Family Room Off Kitchen
- Fire and Smoke Detector
Kitchen
- Eat-In Kitchen
- Range
- Microwave
- Dishwasher
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
- 4 Bathrooms
Laundry
- Laundry in Kitchen
- Dryer
- Washer
Outdoor Features
- Private Mailbox
Utilities
- Central Heating and Cooling System
- Thermostat
- Gas Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Visit Down Payment Resource Website
- Legal Lot and Block 13 / A
- Assessor Parcel Number 26-27-28-493500-001130
Community Details
Overview
- No Home Owners Association
- Highland Sub Subdivision
Building Details
- Operating Expense $8,222
- Gross Income $37,200
Map
Home Values in the Area
Average Home Value in this Area
Tax 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.
| 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 | $5,987 | $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 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 09/08/2026 09/08/26 | For Sale | $439,000 | +3.3% | $244 / 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 |
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $425,000 | Home Solution Title | |
| Warranty Deed | $25,000 | None Listed On Document | |
| Quit Claim Deed | $1,254 | None Listed On Document | |
| Quit Claim Deed | -- | Attorney |
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $318,750 | New Conventional |
Source: Stellar MLS
MLS Number: R4911803
APN: 26-27-28-493500-001130
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.
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
- 650 E Grapefruit Ave
- 149 Cypress Way
- 490 Twin Lakes Blvd
- 519 Oakhurst Way
- 250 Magnolia Run
- 244 Gum Ln
- 45 Creek Cir
- 5027 State Road 557
- 0 E Alfred Dr
- 125 Cypress Way
- 408 Cedar Glen Dr
- 530 N Ridge Ave
- 1325 Cypress Ridge Loop
- 926 Everett St
- 40 East Ln
- 105 Travel Ln
- 22 East Ln
- 34 East Ln
- 450 E Pomelo St
- 0 Experiment Station Rd Unit MFRP4927416
- 670 E Alfred Dr Unit 111
- 670 E Alfred Dr Unit 102
- 670 E Alfred Dr Unit 108
- 670 E Alfred Dr Unit 105
- 670 E Alfred Dr Unit 114
- 670 E Alfred Dr Unit 103
- 670 E Alfred Dr Unit 113
- 670 E Alfred Dr Unit 100
- 670 E Alfred Dr Unit 107
- 670 E Alfred Dr Unit 104
- 670 E Alfred Dr Unit 101
- 670 E Alfred Dr Unit 106
- 670 E Alfred Dr Unit 109
- 114 Walnut Ln
- 1 East Ln
- 709 Mosley Rd
- 160 N Nekoma Ave Unit 1
- 1901 US Highway 17 92
- 927 S Buena Vista Dr
- 929 S Buena Vista Dr
Ask me questions while you tour the home.