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150 S Nekoma Avenue #A,B,C,D, Lake Alfred, FL 33850
$214,000
150 S Nekoma Avenue #A,B,C,D, Lake Alfred, FL 33850View this property at 150 S Nekoma Avenue #A,B,C,D, Lake Alfred, FL 33850
150 S Nekoma Avenue #A,B,C,DLake AlfredFL33850
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Property Description
This is a great redevelopment opportunity. Nestled in the heart of Lake Alfred, this property boasts a central location with easy access to essential amenities, schools, parks, and major transportation routes which is a perfect backdrop for investment vision. This quadplex is in need of TLC, making it an ideal project for those with a keen eye for renovation. With the right vision and expertise, you can transform it into an income property after renovations. If the existing building is demolished, the RN-2 zoning allows flexibility to build single-family homes attached or detached, and multifamily structures up to 9 units. As per verbal information gathered from Lake Alfred City authorities, the buyer can allocate up to 65% of the land for construction. The structure should be ideally placed within 10 to 20 feet from the front street lot line, with 5 feet of space on the sides and 15 feet from the rear lot line. The minimum residential unit requirement is 450 SF/Unit. The property can have a 36ft height to the peak of the roof, providing ample room for diverse architectural designs. For buyers looking to expand their options: the buyer can build their dream single-family home. The auxiliary unit/mother-in-aw suite can be built up to half the size of the primary home. The rents in the area range from anywhere from $1200 -$1400/unit and may vary depending on the size and the condition (repairs or renovations) of the unit. Priced well below the market value, this property represents an exceptional value-added opportunity. The canvas is all buyer's - build and design as desired. Please take your contractor to the property to estimate the cost of repairs/buildout. Buyer is to independently verify all permits, market rents, approvals, regulations, allowed use, zoning, property condition, and all other factors pertaining to using this parcel and building for the buyer's intended use. Rental rates may vary depending on the property's condition.
Full Property Details
Full Property Details for 150 S Nekoma Ave #A,B,C,D
General
- Sold For: $214,000
- Taxes: $1,246 (2022)
- Status: Closed
- Type: Multi-Family
- MLS ID: O6144835
- Added to Site: 216 day(s) ago
Interior
- Interior Features: Ninguno
Exterior
- Exterior Features: Other
Location
- Area: 33850 - Lake Alfred
- County: Polk
- Development Name: 33850 - Lake Alfred
- Subdivision: CODINGTON LAKE ALFRED
- Driving Directions: From Hwy 17 N/Lake Alfred Rd, turn right onto S Lake Shore Way, pass by Dollar General (on the left in 0.8 mi), turn left onto W Cummings St (0.3 mi), and turn right onto S Nekoma Ave.
Community
- Community Name: 33850 - Lake Alfred
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Wall Units / Window Unit
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Water Connected
Structural Information
- # Buildings: 1
- Exterior Const.: Other
- Roof: Shingle
- Square Feet: 3,060
- Sq. Ft. Source: Public Records
- Living Area: 3,060 Sq. Ft.
- Year Built: 1923
Lot Features
- Lot Size (Acres): 0.36
- Lot Size (Sq. Ft.): 15,751
- Street/Road Desc.: Asphalt
- Rcmdd Zoning: R-2
Financial Considerations
- Tax Amount: $1,246
- Tax Year: 2022
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: CODINGTON PB 1 PG 61 BLK 31 LOT 2 S 58.7 FT LESS E 51.3 FT & N 41.3 FT OF LOT 3 LESS E 51.3 FT
- Flood Zone Info: X
- APN: 26-27-32-503000-031023
- Property ID: 26-27-32-503000-031023
- Block/Lot/Section: 31
Listed by Keller Williams Realty At The Parks
Sold by Stellar Non-Member Office
Get Pre-Approved Today
Schools
Schools serving 150 S Nekoma Ave #A,B,C,D
School District:Polk County Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
550 E Cummings St, Lake Alfred, FL 33850 | PK-5 | 0.8 mi | |
226 N Main St, Auburndale, FL 33823 | 6-8 | 3.6 mi | |
1 Bloodhound Trl, Auburndale, FL 33823 | 9-12 | 3.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 150 S Nekoma Ave #A,B,C,D
Date
Details
Price
Change
Source
12/19/2023
Sold
$214,000
-14.4%
MLS
9/26/2023
Listed
$250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
150 S Nekoma Avenue #A,B,C,D, Lake Alfred, FL 33850 (MLS# O6144835) is a Multi-Family property that was sold at $214,000 on December 19, 2023. Want to learn more about 150 S Nekoma Avenue #A,B,C,D? Do you have questions about finding other Multi-Family real estate for sale in Lake Alfred? You can browse all Lake Alfred real estate or contact a Coldwell Banker agent to request more information.