650 E Grapefruit Avenue, Lake Alfred, FL 33850
Local realty services provided by:Better Homes and Gardens Real Estate Lifestyles Realty
Listed by: sharon bokor
Office: bokors corner realty llc.
MLS#:R4911947
Source:MFRMLS
Price summary
- Price:$409,000
- Price per sq. ft.:$222.77
About this home
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....
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Home facts
- Year built:2023
- Subdivision & Development:HIGHLAND SUB
- Listing ID #:R4911947
- Added:59 day(s) ago
- Updated:November 07, 2026 at 09:44 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Flooring:Laminate, Tile
- Kitchen Description:Dishwasher, Microwave, Range, Refrigerator
- Bedroom Description:Primary Bedroom Main Floor, Walk-In Closet(s)
- Living area:1,800 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:2023
- Building area:1,800 sq. ft.
- Lot area:0.17 Acres
- Construction Materials:Block
- Exterior Features:Fence, Sidewalk
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public, Public Sewer, Sewer Connected
Finances and disclosures
- Price:$409,000
- Price per sq. ft.:$222.77
- Tax amount:$5,987 (2025)
Features and amenities
- Appliances:Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
- Laundry features:Dryer, Electric Dryer Hookup, In Kitchen, Laundry Closet, Washer, Washer Hookup
- Amenities:Cable Available, Ceiling Fans(s), Crown Molding, Primary Bedroom Main Floor, Walk-In Closet(s), Window Treatments
- Pool features:Public Pool
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