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980 S Lake Shore Way, Lake Alfred, FL 33850

Lake Alfred
Local realty services provided by:CENTURY 21 Myers Realty
980 S Lake Shore Way,Lake Alfred, FL 33850
$399,000
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  • 6 Beds
  • 4 Baths
  • 2,506 sq. ft.
  • Single family
  • Active
Listed by:
Office: century 21 myers realty
MLS#:L4965144
Source:MFRMLS

Price summary

  • Price:$399,000
  • Price per sq. ft.:$156.47

About this home

INVESTMENT OPPORTUNITY IN LAKE ALFRED! Located at 980 S Lakeshore Way, this unique multi-unit property offers excellent visibility, convenient access, and significant potential for an investor looking to add value and increase rental income. Situated on a prominent corner with frontage along a well-traveled roadway, the property consists of three separate buildings with four residential units, providing a total of 6 bedrooms and 4 bathrooms. The unit mix includes a two-story building with separate upstairs and downstairs residences, along with two additional detached residential buildings. Three units are currently occupied, including established long-term tenants, while one unit is vacant and offers an immediate opportunity for renovation and repositioning. Current rental income is approximately $1,370 per month, with owner-provided estimated market rents totaling approximately $3,400 per month, creating substantial potential for increased income as units are improved and rents...

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Home facts

  • Year built:1920
  • Subdivision & Development:ROCHELLE TERRACE
  • Listing ID #:L4965144
  • Added:26 day(s) ago
  • Updated:October 19, 2026 at 04:23 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:4
  • Full bathrooms:4
  • Flooring:Carpet
  • Kitchen Description:Range, Refrigerator
  • Living area:2,506 sq. ft.

Heating and cooling

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

Structure and exterior

  • Roof:Metal
  • Year built:1920
  • Building area:2,506 sq. ft.
  • Lot area:0.48 Acres
  • Lot Features:Corner Lot, Paved, Sidewalk
  • Construction Materials:Frame
  • Exterior Features:Sidewalk
  • Foundation Description:Slab
  • Levels:2 Story

Schools

  • High school:Auburndale High School
  • Middle school:Stambaugh Middle
  • Elementary school:Lake Alfred Elem

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$399,000
  • Price per sq. ft.:$156.47
  • Tax amount:$1,647 (2025)

Features and amenities

  • Appliances:Electric Water Heater, Range, Refrigerator
  • Pool features:Public Pool

Parking

  • Garage:Yes
  • Garage spaces:1
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