640 E Grapefruit Avenue, Lake Alfred, FL 33850
Local realty services provided by:CENTURY 21 SUNBELT REALTY
Listed by: sharon bokor
Office: bokors corner realty llc.
MLS#:R4911803
Source:MFRMLS
Price summary
- Price:$439,000
- Price per sq. ft.:$239.11
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!...
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Home facts
- Year built:2023
- Subdivision & Development:HIGHLAND SUB
- Listing ID #:R4911803
- Added:3 day(s) ago
- Updated:September 12, 2026 at 04:13 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Flooring:Laminate, Tile
- Dining Description:Eat In Kitchen
- Kitchen Description:Dishwasher, Eat-in Kitchen, Kitchen/Family Room Combo, Microwave, Range, Refrigerator
- Bedroom Description:High Ceilings, Primary Bedroom Main Floor, Walk-In Closet(s)
- Living area:1,800 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:2023
- Building area:1,800 sq. ft.
- Lot area:0.17 Acres
- Construction Materials:Block
- Exterior Features:Fence, Private Mailbox, Sidewalk
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$439,000
- Price per sq. ft.:$239.11
- Tax amount:$5,987 (2025)
Features and amenities
- Appliances:Dishwasher, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
- Laundry features:Dryer, Electric Dryer Hookup, In Kitchen, Laundry Closet, Washer
- Amenities:Cable Available, Ceiling Fans(s), Crown Molding, Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Open Floorplan, Phone Available, Primary Bedroom Main Floor, Thermostat, Walk-In Closet(s), Window Treatments
- Pool features:Public Pool
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