640 E GRAPEFRUIT AVENUE, Lake Alfred, Florida, 33850

Listed by BOKORS CORNER REALTY LLC, Sharon Bokor, 813-708-2266, BokorsCornerRealty@gmail.com

$409,000

1,800 Sqft

0.17 Acres

4 bd

4 ba

#R4911803

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!

PROPERTY FEATURES

Utilities : Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Water Access : 0
Sewer : Public Sewer
Road Surface Type : Paved
Roof : Shingle
Zoning : R-2
Heating : Central

Cooling : Central Air
Construction Materials : Block
Interior Features : Ceiling Fans(s), Crown Molding, Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor, Thermostat, Walk-In Closet(s), Window Treatments
Laundry Features : Electric Dryer Hookup, In Kitchen, Laundry Closet
Appliances : Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Flooring : Laminate, Tile