1210 State 17 Rd S

Dundee, FL 33838

$899,000
Price
12
Beds
9
Baths
3,792 Sq. Ft.
$237 / Sq. Ft.
3,792
Sq. Ft.
$237
per Sq. Ft.
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Description

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...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 Apartments combines solid construction, a diverse unit mix, and an unbeatable lakeside location, making it an exceptional investment opportunity in the heart of Polk County. Disclaimer: one unit is non-conforming
  1. Listed by Tito Urbano Perez • Brokerage DRE #1030553 • FLORIDA REALTY INVESTMENTS
    P: (407)-907-0350 C: (407)-907-0350 tito@theaptbrokers.com

Property Details for 1210 State 17 Road South

Subdivision Name
FLA HIGHLANDS CO SUB
Township
28
Waterfront
Yes
Water View
Lake
LISTING UPDATED: 06/02/2026 06:56 AM

Property Details for 1210 State 17 Road South

StatusActive
MLS #TB8514488
Days on Market2
Taxes$14,861 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1947
Lot Size1.32 AC / 57,521 SF
CountyPolk County
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Location

Listing Courtesy of FLORIDA REALTY INVESTMENTS, Tito Urbano Perez
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Building Information for 1210 State 17 Road South

Stories-Residences-Year Built1947Building Size-Lot Size1.32 AC / 57,521 SF

Payment Calculator

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$5,718 per month

30 year fixed, 6.36% Interest

Principal and Interest

$4,480

Property Taxes

$1,238

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1210 State 17 Road South

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: Dundee, FL
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 1210
  • Street Name: STATE 17
  • Street Suffix: ROAD
  • Street Direction Suffix: S
  • State: FL
  • City: DUNDEE
Parking
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Book Number: 1-87
  • Tax Legal Description: FLA HIGHLANDS CO SUB OR LAKE JOSEPHINE VILLA LOTS PB 1 PG 87 LOTS 5 & 6 PART DES AS COMM SE COR LOT 6 RUN N 17 DEG 30 MIN 04 SEC W 130 FT S 72 DEG 25 MIN 43 SEC W 228.25 FT FOR POB RUN S 72 DEG 25 MIN 43 SEC W 246.34 FT N 01 DEG 37 MIN 51 SEC W 75.4 FT N 06 DEG 33 MIN 10 SEC W 133.81 FT N 63 DEG 18 MIN 04 SEC E 201.42 FT TO R/W SELY ALONG R/W 63.96 FT S 03 DEG 22 MIN 20 SEC E 228.36 FT TO POB
  • Tax Lot: 6
  • Tax Year: 2025
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Lot Size Dimensions: 150 x 220
  • Parcel Number: 272827835520000054
  • Total Acreage: 1 to less than 2
  • Total Num Buildings: 1
  • Water Access: Lake
  • Water Access: Yes
  • Water Extras: No
  • Living Area: 3792
  • Lot Dimensions: 150 x 220
Property and Assessments
  • Year Built Numeric: 1947
  • Flood Zone Code: X
  • New Construction: No
  • Public Survey Range: 27
  • Public Survey Section: 27
  • Dock YN: No
Utilities
  • Sewer: Septic Needed
  • Utilities: Electricity Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Concrete, Wood Frame
  • Exterior Features: None
  • Foundation Details: Slab
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Features: Lake Front
  • Waterfront Feet Total: 50
Interior Features
  • Bedrooms Total: 12
  • Cooling: Wall/Window Unit(s)
  • Fireplace Features: Masonry
  • Fireplace: Yes
  • Heating: Electric
  • Interior Features: Ninguno
  • Laundry Features: None
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: Yes
Multi Family
Multi-Family Information
  • Annual Expenses: $35,761
  • Annual Net Income: $77,327.85
  • Gross Income: $110,067
  • Unit Count: 2
Rental
Rental Information
  • Tenant Pays: Electricity

Property History for 1210 State 17 Road South

DateEvent & SourcePriceAppreciation
Jun 1, 2026

Listed (Active)

MFRMLS #TB8514488

$899,000—
DateEvent & SourcePrice
06/01/2026

Listed (Active)

MFRMLS #TB8514488

$899,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 1210 State 17 Road South

This home is within Polk.
Rating
School
Type
Grades
Distance
Elbert Elementary School
Public - PK to 5
Bethune Academy
Public - PK to 5
Dundee Elementary School
Public - PK to 5
Davenport School Of The Arts
Public - PK to 8
Rating
School
Distance
Elbert Elementary School
PublicPK to 5

Bethune Academy
PublicPK to 5

Dundee Elementary School
PublicPK to 5

Davenport School Of The Arts
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1210 State 17 Road South, Dundee, FL 33838

1210 State 17 Road South is a multi-family home for sale in Dundee, FL 33838. This property was listed for sale on June 1, 2026 by FLORIDA REALTY INVESTMENTS, it's currently listed at $899,000. This listing's school district is Polk. Nearby schools include Elbert Elementary School, Bethune Academy and Dundee Elementary School. 1210 State 17 Road South is a 12-bed, 9-bath, 3,792 sqft multi-family home built in 1947.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of FLORIDA REALTY INVESTMENTS, Tito Urbano Perez

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 06/02/2026 06:56 AM