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640 E GRAPEFRUIT AVENUE Lake Alfred, FL $ 439,000
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$ 439,000 Get more info
640 E GRAPEFRUIT AVENUE
$ 439,000
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640 E GRAPEFRUIT AVENUE

Lake Alfred, FL, 33850
$ 439,000
Bedrooms4 Baths4.0 Sq 1,800

Monthly Estimate*

$ 2,772

640 E GRAPEFRUIT AVENUE, Lake Alfred, FL 33850 - Image 1
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Multi-Family Home for sale in Lake Alfred, FL

for $439,000 with 4 bedrooms and 4 full baths. This 1,800 square foot home was built in 2023 on a lot size of 0.17.

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 650 E Grapefruit Ave (Parcel:26-27-28-493500-001141) for a target 6.24% portfolio cap rate. Multiple financing options available—schedule your private tour today!

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Multi-Family Active

Price

$ 439,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 5,987

Style

Duplex

Lot Size

0.17

Year Built

2023

Town/City

Lake Alfred

County/Region

Polk

MLS | Web ID

R4911803
Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Cable Available Electricity Connected Phone Available Sewer Connected Water Connected
Possession Close Of Escrow
Roof Shingle
Appliances Dishwasher Dryer Gas Water Heater Microwave Range Refrigerator Washer
Zoning R-2
Security Features Fire Alarm
Construction Materials Block
Year Built 2023
Tenant Pays Electricity
Levels One
Property Subtype Duplex
Tax Year 2025
Ownership Fee Simple
Gross Income 37200
County Polk
New Construction false
Property Type Residential Income
Subdivision Name HIGHLAND SUB
Garage Y/N false
Status Active
Directions Lakeland east toward Auburndale/Lake Alfred using Hwy 92e. Connect on US 17/92to E Main St. Left N 3rd st right to Grapefruit Ave. Continue to 640 E Grapefruit Ave Lake Alfred FL
City LAKE ALFRED
Senior Community Y/N false
MLS Area 33850 - Lake Alfred
Lot Size Units Square Feet
Lot Size Square Feet 7248
Carport Y/N false
Listing Terms Cash Conventional FHA Private Financing Available Special Funding VA Loan
Land Lease Y/N false
Tax Annual Amount 5987.46
Ok to Lease >6 Months <12
Additional Parcels Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/stellar/R4911803
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 13
Total Actual Rent 3100
Legal Description HIGHLAND SUB PB 4 PG 2 BLK A LOT 13
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
Flood Zone Code X Y
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Interior
Interior Amenities Ceiling Fan(s) Crown Molding Eating Space In Kitchen High Ceilings Kitchen/Family Room Combo Open Floorplan Primary Bedroom Main Floor Thermostat Walk-In Closet(s) Window Treatments
Flooring Laminate Tile
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds Drapes Shades Window Treatments
Fireplace Y/N false
Laundry Features Electric Dryer Hookup In Kitchen Laundry Closet
Total Bedrooms 4
Total Baths 4
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Exterior
Exterior Amenities Fenced Private Mailbox Sidewalk
Water Source Public
Lot Size Area 7248
Foundation Details Slab
Number of Buildings 1
Building Area Total 1836
Lot Dimensions 50 x 145
Lot Size Acres 0.17
Road Surface Type Paved
Private Pool false
Waterfront Y/N false
Number of Lots 2
Road Responsibility Public Maintained Road
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* Excluded Features
List By
BokorsCornerRealty@gmail.com

Email

Affordability Calculator

$3,271
Per Month
85%
15%
0%
Monthly Principal & Interest
$2,772
Monthly Property Taxes
$499
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
9/8/2026 $439,000 Listed Price

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640 E GRAPEFRUIT AVENUE, Lake Alfred, FL, 33850 is a Multi-Family Home for sale at $439,000 with 1,800 sqft and a lot size of 0.17. 640 E GRAPEFRUIT AVENUE has 4 bedrooms, 4.0 baths, and was built in 2023. The property's zip code is 33850 which is in Lake Alfred, FL

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