Overview
Description
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 640 E Grapefruit Ave (Parcel: 26-27-28-493500-00130) for a target 6.24% portfolio cap rate. Multiple financing options available—schedule your private tour today! Disclaimer: Photos depict the vacant unit.
Floor plans, interior finishes, and color schemes may vary slightly by unit.
Virtual Tour
Address
- Street650 GRAPEFRUIT
- CityLake Alfred
- SubdivisionHIGHLAND SUB
- CountyPolk
- StateFL
- Zip33850
- MLS #R4911947
Interior
- AppliancesDishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
- Bathrooms Total Integer4
- Bedrooms Total4
- CoolingCentral Air
- CoolingYes
- FlooringLaminate, Tile
- HeatingCentral
- HeatingYes
- Interior FeaturesCeiling Fan(s), Crown Molding, Primary Bedroom Main Floor, Walk-In Closet(s), Window Treatments
- Laundry FeaturesElectric Dryer Hookup, In Kitchen, Laundry Closet, Washer Hookup
- LevelsOne
- Living Area1,800
- Living Area SourcePublic Records
- Living Area UnitsSquare Feet
- Security FeaturesSmoke Detector(s)
- Window FeaturesBlinds
Exterior
- Exterior FeaturesFenced, Sidewalk
- Lot Size Acres0
- Lot Size Area7,248
- Lot Size Dimensions50 x 145
- Lot Size Square Feet7,248
- Lot Size UnitsSquare Feet
- Road Surface TypePaved
- RoofShingle
Structure
- Building Area Total1,836
- Construction MaterialsBlock
- Foundation DetailsSlab
- Number Of Buildings1
- Year Built2023
Utilities
- SewerPublic Sewer
- UtilitiesCable Available, Electricity Connected, Public, Sewer Connected, Water Connected
- Water SourcePublic
Financial
- Parcel Number262728493500001141
- Tax Annual Amount5,987
- Tax BlockA
- Tax Book Number4-2
- Tax Legal DescriptionHIGHLAND SUB PB 4 PG 2 BLK A LOT 14
- Tax Lot14
- Tax Year2025
- ZoningR-2
Location
- CountryUnited States
- County Or ParishPolk
- DirectionsUS-17 N, Lake Alfred from S Lake Shore Way/US-92 E/US-17 N Turn left onto N Dakota Ave Turn right onto E Tangerine Ave Turn left onto Lake Swoope Dr Turn right onto E Grapefruit Ave 650 E Grapefruit Ave, Lake Alfred, FL 33850
- Latitude28
- Longitude-82
- MLS Area Major33850 - Lake Alfred
- Postal Code33850
- Postal Code Plus42212
- Street Direction PrefixE
- Street NameGRAPEFRUIT
- Street Number650
- Street Number Numeric650
- Street SuffixAVENUE
- Subdivision NameHIGHLAND SUB
- Unparsed Address650 E GRAPEFRUIT AVENUE
Features & Amenities
Mortgage Calculator
- Principal & interest
- Property tax
- Home insurance
- PMI
- HOA dues
Estimates only and not a loan offer. Taxes, insurance and rates vary — confirm with a lender.
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