2850 Lake Alfred Road

Winter Haven, FL 33881

$679,000
Price
3
Beds
2,350 Sq. Ft.
$289 / Sq. Ft.
2,350
Sq. Ft.
$289
per Sq. Ft.

Description

Under contract-accepting backup offers. Welcome to the Lakeshore Gardens Apartments, a 7-unit apartment community in Winter Haven, Florida. Consisting of 7-units in 2 buildings on 1 parcel totaling 0.47 acres, the property has undergone extensive capital improvements, including, all new, metal roofs, septic tanks, lift stations, drain field, and fully updated interior in all units. A turn-key asset providing near maintenance-free cash flow, the property also features a sizable garage storage area...Under contract-accepting backup offers. Welcome to the Lakeshore Gardens Apartments, a 7-unit apartment community in Winter Haven, Florida. Consisting of 7-units in 2 buildings on 1 parcel totaling 0.47 acres, the property has undergone extensive capital improvements, including, all new, metal roofs, septic tanks, lift stations, drain field, and fully updated interior in all units. A turn-key asset providing near maintenance-free cash flow, the property also features a sizable garage storage area to add coin-operated laundry units and abundant area for common area amenities. For full details & financial information, please view the property Offering Memorandum.
  1. Listed by Phil Ginexi • THE MULTIFAMILY FIRM LLC
  2. Listed by Kyle Keelan • THE MULTIFAMILY FIRM LLC

Property Details for 2850 Lake Alfred Road

Subdivision Name
IDA LAKE SUB
Township
28
Waterfront
Yes
Water View
Lake
Furnished
Unfurnished

Location

Listing Courtesy of THE MULTIFAMILY FIRM LLC, Phil Ginexi; THE MULTIFAMILY FIRM LLC, Kyle Keelan
Add your commute
LISTING UPDATED: 04/23/2024 05:08 PM

Property Details for 2850 Lake Alfred Road

StatusPending
MLS #A4607045
Days on Market9
Taxes$4,954 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1952
Lot Size0.47 AC / 20,343 SF
CountyPolk County

Location

Listing Courtesy of THE MULTIFAMILY FIRM LLC, Phil Ginexi; THE MULTIFAMILY FIRM LLC, Kyle Keelan
Add your commute

Building Information for 2850 Lake Alfred Road

Stories-Residences7Year Built1952Building Size-Lot Size0.47 AC / 20,343 SF

Payment Calculator

$4,118 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,706

Property Taxes

$413

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2850 Lake Alfred Road

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 2555.0
  • Building Area Units: Square Feet
  • Directions: From the North: Take I-4 E toward Orlando. Merge onto US-27 S via exit 55 toward Haines City. Continue south on US-27 for approximately 10 miles. Turn left onto Dundee Rd/FL-542. Continue on Dundee Rd for about 3 miles. Turn right onto Lake Alfred Rd/County Hwy-557A. Continue on Lake Alfred Rd for approximately 2 miles. The destination will be on your right at 2850 Lake Alfred Rd. From the South: Head north on US-27 N. Continue on US-27 N for approximately 16 miles. Turn right onto Dundee Rd/FL-542. Continue on Dundee Rd for about 3 miles. Turn right onto Lake Alfred Rd/County Hwy-557A. Continue on Lake Alfred Rd for approximately 2 miles. The destination will be on your right at 2850 Lake Alfred Rd.
  • Mls Major Change Type: Pending
  • Major Change Type: Pending
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 2850
  • Street Name: LAKE ALFRED
  • Street Suffix: ROAD
  • State: FL
  • City: WINTER HAVEN
Parking
  • Carport: No
  • Garage: No
  • Parking Features: Open
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: F
  • Tax Book Number: 6-10
  • Tax Legal Description: IDA LAKE SUB PB 6 PG 10 IN S8/17 T28 R26 BLK F LOTS 7 8 & BEG NE COR OF LOT 7 RUN SELY 236 FT SWLY 50 FT NWLY 251 FT NELY TO BEG
  • Tax Lot: 7
  • Tax Year: 2023
Property
Lot Information
  • Additional Parcels: No
  • Lot Size Dimensions: 50x400
  • Parcel Number: 26-28-17-544500-060700
  • Total Acreage: 1/4 to less than 1/2
  • Total Num Buildings: 2
  • Water Access: Lake
  • Water Access: Yes
  • Water Extras: No
  • Living Area: 2350
  • Lot Dimensions: 50x400
Property and Assessments
  • Year Built Numeric: 1952
  • Flood Zone Code: X
  • New Construction: No
  • Number Of Lots: 1
  • Public Survey Range: 26
  • Public Survey Section: 17
Utilities
  • Sewer: Septic Tank
  • Utilities: Electricity Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Concrete, Wood Frame
  • Exterior Features: Fenced, Lighting
  • Foundation Details: Slab
  • Levels: One
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Metal
  • Waterfront Features: Lake
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 3
  • Cooling: Wall/Window Unit(s)
  • Fireplace: No
  • Flooring: Luxury Vinyl, Tile, Vinyl
  • Heating: Wall Units / Window Unit
  • Interior Features: Open Floorplan
  • Laundry Features: None
  • Living Area Source: Owner
  • Living Area Units: Square Feet
  • Water View: Yes
Multi Family
Multi-Family Information
  • Annual Expenses: $22,849
  • Annual Net Income: $47,615.00
  • Est Annual Market Income: $79,800.00
  • Gross Income: $73,020
  • Unit Count: 4
Unit 1
  • Unit Type Baths Total 1: 1
  • Unit Type Beds Total 1: 1
  • Unit Type Description 1: (w/ separate kitchen area)
  • Unit Type Heated Sq Ft 1: 340
  • Unit Type Number Of Units Occupied 1: 1
  • Unit Type Pro Forma 1: 950
  • Unit Type Type 1: 1 Bed/1 Bath
  • Unit Type Units Total 1: 1
Unit 2
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 1
  • Unit Type Heated Sq Ft 2: 330
  • Unit Type Number Of Units Occupied 2: 2
  • Unit Type Pro Forma 2: 950
  • Unit Type Type 2: 1 Bed/1 Bath
  • Unit Type Units Total 2: 2
Unit 3
  • Unit Type Baths Total 3: 1
  • Unit Type Beds Total 3: 0
  • Unit Type Description 3: (w/ separate kitchen area)
  • Unit Type Heated Sq Ft 3: 350
  • Unit Type Number Of Units Occupied 3: 2
  • Unit Type Pro Forma 3: 950
  • Unit Type Type 3: Studio
  • Unit Type Units Total 3: 2
Unit 4
  • Unit Type Baths Total 4: 1
  • Unit Type Beds Total 4: 0
  • Unit Type Heated Sq Ft 4: 325
  • Unit Type Number Of Units Occupied 4: 2
  • Unit Type Pro Forma 4: 950
  • Unit Type Type 4: Studio
  • Unit Type Units Total 4: 2
Rental
Rental Information
  • Total Actual Rent: $6,085

Property History for 2850 Lake Alfred Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2850 Lake Alfred Road

Taxable ValueLand$33,600Additions$146,305Total$179,905
Tax Record2023$5,160 ($430 / month)
Home Facts
Beds0Total Finished SqFt990 SqFtAbove Grade Finished SqFt990 SqFtStories1Lot Size20,343 SqFtStyleMiscellaneous Vacant LandYear Built1925ZoningC-3CountyPOLKAPN262817544500060700

Schools near 2850 Lake Alfred Road

This home is within Polk.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - PK to 8
Public - 6 to 8
Rating
School
Distance
Frank E. Brigham Academy
PublicPK to 5

Lake Alfred Elementary School
PublicPK to 5

Jewett School Of The Arts
PublicPK to 8

Westwood Middle School
Public6 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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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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of THE MULTIFAMILY FIRM LLC, Phil Ginexi; THE MULTIFAMILY FIRM LLC, Kyle Keelan

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: 04/23/2024 05:08 PM