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1210 State 17 Road S, Dundee, FL 33838

Dundee
Local realty services provided by:CENTURY 21 North East
1210 State 17 Road S,Dundee, FL 33838
$899,000
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  • 12 Beds
  • 9 Baths
  • 3,792 sq. ft.
  • Multi-family
  • Active
Listed by: tito urbano perez
Office: florida realty investments
MLS#:TB8514488
Source:MFRMLS

Price summary

  • Price:$899,000
  • Price per sq. ft.:$237.08

About this home

SELLER FINANCING AVAILABLE. CONTACT LISTING AGENT FOR DETAILS. Lake Josephine Apartments is a 9-unit waterfront multifamily asset sitting directly on the shoreline in Dundee, FL. A rare lakefront offering. The property delivers a 12.79% cash-on-cash return in-place with Year 1 proforma climbing to 13.13%, supported by 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...

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Home facts

  • Year built:1947
  • Listing ID #:TB8514488
  • Added:49 day(s) ago
  • Updated:July 21, 2026 at 03:01 PM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:9
  • Living area:3,792 sq. ft.

Heating and cooling

  • Cooling:Wall/Window Unit(s)
  • Heating:Electric

Structure and exterior

  • Roof:Shingle
  • Year built:1947
  • Building area:3,792 sq. ft.
  • Lot area:1.32 Acres
  • Construction Materials:Concrete, Frame
  • Foundation Description:Slab
  • Levels:1 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Septic Needed

Finances and disclosures

  • Price:$899,000
  • Price per sq. ft.:$237.08
  • Tax amount:$14,861 (2025)

Features and amenities

  • Pool features:Public Pool
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