ShirleyKlein
BEDS6
BATHS4 full
SQUARE FEET2,506
MLS#L4965144
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONROCHELLE TERRACE
Property Description
INVESTMENT OPPORTUNITY IN LAKE ALFRED! Located at 980 S Lakeshore Way, this unique multi-unit property offers excellent visibility, convenient access, and significant potential for an investor looking to add value and increase rental income. Situated on a prominent corner with frontage along a well-traveled roadway, the property consists of three separate buildings with four residential units, providing a total of 6 bedrooms and 4 bathrooms.The unit mix includes a two-story building with separate upstairs and downstairs residences, along with two additional detached residential buildings. Three units are currently occupied, including established long-term tenants, while one unit is vacant and offers an immediate opportunity for renovation and repositioning. Current rental income is approximately $1,370 per month, with owner-provided estimated market rents totaling approximately $3,400 per month, creating substantial potential for increased income as units are improved and rents are brought closer to market rates. With multiple structures, existing rental history, prominent road frontage, a corner location, and room for property improvements, this property presents an intriguing opportunity for an investor with a vision. Property is being offered in its current condition. Bring your ideas and explore the possibilities this Lake Alfred investment property has to offer.Whether you're looking to hold as an income-producing property or explore development possibilities in a growing area, this property offers exceptional visibility and location within Lake Alfred's main commercial corridor.
Property Features
Property Type: Residential - Single Family
Cooling: Wall/Window Unit(s)
Garage: 1
Heating: Ductless
Lot Size: 0.48 Acres
Roof Type: Metal
Stories: 2.0
Taxes: $1,647
Year Built: 1920
Amenities
Ninguno
Sidewalk
Feature Descriptions
Appliances: Electric Water Heater, Range, Refrigerator
Days on Site: 1
Directions: Heading east on US Hwy 92 continue until road becomes US Hwy 17/ S Lake Shore Way. Destination will be on your right at the corner of Mackay Blvd.
Exterior: Frame
Flood Zone Code: X
Flooring: Carpet, Other
Foundation: Slab
Home Warranty Y/N: No
Lot: Corner Lot, Sidewalk, Paved
Lot Dimensions: 0.48
Other Structures: Guest House, Storage
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Sewer: Public Sewer
Showing Instructions: Appointment Only, Call Listing Agent
Special Sale Provisions: None
Utilities: Water Connected
Vegetation: Mature Landscaping
Water: Public
Water Access Y/N: No
Zoning: C-1
Local Schools
High School: Auburndale High School
Middle School: Stambaugh Middle
Elementary School: Lake Alfred Elem
Listed By / Shown By
Listed By
Agency Name: CENTURY 21 MYERS REALTY
Agency Contact: 863-875-5656
Shown By
Agent Name: Shirley Klein
Agent Phone:
Agency Title: Realty 100
Estimate Your Payment
Estimated Payment
$ 1,269.75 per month $1,001.28 Principal & Interest $137.25 Property Tax $131.22 Homeowner's InsuranceChange Payment Information
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980 S Lake Shore Way | MLS# L4965144
This single family home located at 980 S Lake Shore Way , Lake Alfred, FL 33850 is currently listed for sale with an asking price of $449,900. This property was built in 1920 and has 6 bedrooms and 4 full baths with 2506 sq. ft. S Lake Shore Way is located in the ROCHELLE TERRACE subdivision. Search ROCHELLE TERRACE real estate on sklein.realty100.com today.