515-525 W CUMMINGS STREET
Lake Alfred, FL, 33850 $ 225,000
Bedrooms2 Baths2.0 Sq 1,064 Monthly Estimate*
$ 1,385
for $225,000 with 2 bedrooms and 2 full baths. This 1,064 square foot home was built in 1938 on a lot size of 0.16.
2019 Roof! NO HOA!! FHA/VA loan friendly! This duplex offers a rare combination of stability and flexibility, making it an ideal opportunity for both investors and owner-occupants alike. One unit is currently leased through February 28, 2027, while the second unit is on a month-to-month agreement with the tenant open to signing a new lease. Whether you are looking to expand your portfolio with reliable cash flow, house-hack by living in one unit while renting the other, Both units feature separate electric meters to minimize expenses, and the seller covers water at an average cost of less than $75 per month. With no HOA, there is room to bring your RV, boat, or trailer. Nearby outdoor amenities for Lake Swoope include a public boat ramp, boardwalk, and picnic areas. You are also less than 0.5 miles from Lions Park, which features a public boat ramp for Lake Alfred, a 700-acre freshwater lake, and the property is under 7 miles to I-4 for easy access to Tampa, Orlando, and Davenport’s Posner Park, a vibrant 80 acre retail hub with with Shopping, Restaurants and Entertainment including big brand anchor stores such as Target, Petsmart, Dicks Sporting Goods, Best Buy, Hobby Lobby, HomeGoods, Michaels, Books-A-Million, BJs Wholesale club, Cinepolis IMAX Theater and soooo much more. This is a versatile investment you will not want to miss. Schedule your private showing today!
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FeaturesGeneralSewer Septic Tank
Heating Central
Cooling Central Air
Utilities Electricity Connected Water Connected
Roof Shingle
Appliances Dishwasher Dryer Electric Water Heater Microwave Range Refrigerator Washer
Zoning R-1A
Patio/Porch Features Rear Porch
Construction Materials Concrete
Pets Allowed Cats OK Dogs OK Yes
Year Built 1938
Tenant Pays Electricity
Levels One
Property Subtype Duplex
Tax Year 2025
Ownership Fee Simple
County Polk
New Construction false
Property Type Residential Income
Subdivision Name CODINGTON LAKE ALFRED
Garage Y/N false
Status Active
Directions From I-4 exit 48 head South on CR 557 for about 6 miles and then turn right on W. Cummings St. Arrive at 515 West Cummings St.
City LAKE ALFRED
Senior Community Y/N false
Number Of Units Total 2
MLS Area 33850 - Lake Alfred
Lot Size Units Square Feet
Lot Size Square Feet 6996
Carport Y/N false
Listing Terms Cash Conventional FHA VA Loan
Land Lease Y/N false
Tax Annual Amount 3105.4
Additional Parcels Y/N false
Lease Considered Y/N true
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 4
Legal Description CODINGTON PB 1 PG 61 BLK 47 LOT 4 E 58.7 FT OF S 119.27 FT
Water Access Y/N false
Water View Y/N false
Flood Zone Code x
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InteriorInterior Amenities Ceiling Fan(s) Eating Space In Kitchen Open Floorplan
Fireplace Features Wood Burning
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Laundry Features Outside
Total Bedrooms 2
Total Baths 2
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ExteriorExterior Amenities Private Entrance
Lot Features Corner Lot
Water Source Public
Lot Size Area 6996
Foundation Details Crawlspace
Number of Buildings 1
Building Area Total 1064
Lot Size Acres 0.16
Road Surface Type Paved
Private Pool false
Waterfront Y/N false
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* Excluded FeaturesList ByFlorida Realty MarketplaceBroker
jenn@findyoursunnyhome.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,385
- Monthly Property Taxes
- $259
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Lake Alfred, FL
Average List Price $477,333
Percent of Sale Price 112%
About Lake Alfred, FL 5,957 Population
45% Since 2002
$ 40,482 Median Income
41.37 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/25/2026 | $225,000 | | Listed Price |