Date
Details
Price
Change
Source
6/01/2026
Listed
$899,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/18
$899,000 Just Listed
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Property 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 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*
Full Property Details
Full Property Details for 1210 State 17 Road S
General
- Price: $899,000
- Taxes: $14,861 (2025)
- Status: Active
- Type: Multi-Family
- Source: MidFloridaRegionalMLS
- MLS ID: TB8514488
- Updated: Today (6/1/2026)
- Added to Site: Today
Rental Information
- Lease/Rent Term: 12 Months
Interior
- Interior Features: Ninguno
- Fireplace: Yes
- Fireplace(s): Masonry
Rooms
Bathrooms
- Total Bathrooms: 9
Bedrooms
- Total Bedrooms: 12
Exterior
- Exterior Features: None
Location
- Area: 33838 - Dundee
- County: Polk
- Development Name: 33838 - Dundee
- Subdivision: FLA HIGHLANDS CO SUB
- Driving Directions: Dundee, FL
Community
- Community Name: 33838 - Dundee
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Electric
Utilities
- Sewer: Septic Needed
- Water: Public
- Utility Description: Electricity Connected, Water Connected
Structural Information
- # Buildings: 1
- Exterior Const.: Concrete, Wood Frame
- Roof: Shingle
- Square Feet: 3,792
- Sq. Ft. Source: Public Records
- Year Built: 1947
Lot Features
- Lot Size (Acres): 1.32
- Lot Size (Sq. Ft.): 57,521
- Lot Size: 1.3205
- Lot Dimensions: 150 x 220
- Street/Road Desc.: Asphalt
Water Features
- Water Front: Yes
- Water Access: Yes
- Water Access Desc: Lake
- Water Front Desc.: Lake Front
Financial Considerations
- Tax Amount: $14,861.24
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- 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
- Flood Zone Info: X
- APN: 272827835520000054
- Property ID: 272827835520000054
Listed by Florida Realty Investments
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— 1210 State 17 Road S —
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Price & Sales History for 1210 State 17 Road S
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- Lots/Land
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Sold by Real Broker, Llc
1210 State 17 Road S, Dundee, FL 33838 (MLS# TB8514488) is a Multi-Family property with units containing 12 bedrooms and 0 full bathrooms. 1210 State 17 Road S is currently listed for $899,000 and was received on June 01, 2026. Want to learn more about 1210 State 17 Road S? Do you have questions about finding other Multi-Family real estate for sale in Dundee? You can browse all Dundee real estate or contact a Coldwell Banker agent to request more information.