Bought with
$3,500,000
$3,500,000
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56 Beds
28 Baths
7,980 SqFt
SOLD DATE : 10/17/2025
Key Details
Sold Price $3,500,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,980 sqft
Price per Sqft $438
Subdivision Rochelle Terrace
MLS Listing ID J994230
Sold Date 10/17/25
Bedrooms 56
HOA Y/N No
Year Built 1984
Annual Tax Amount $13,319
Lot Size 0.750 Acres
Acres 0.75
Lot Dimensions 97x156
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
The Lakeshore Portfolio, a diverse collection of multifamily properties located in Lake Alfred, Polk County, Florida. This portfolio consists of seven properties situated along Lakeshore Way and David Avenue, comprising a total of 28 units on 2.30 acres, all in adjacent parcels.
The properties feature a mix of concrete block and wood-frame construction, each with pitched shingle roofs. The portfolio offers a range of unit configurations, including studios, one-bedroom, two-bedroom, and three-bedroom options, accommodating varied tenant needs. Built between 1920 and 1984, each property maintains its distinct character and quality.
Each unit is sub-metered for both electricity and water, with tenants responsible for their own utilities. Water is provided by the city, while each building has its own septic tank system.
The Lakeshore Portfolio represents an excellent investment opportunity with stabilized utility management, low-maintenance septic systems, and solid construction across multiple building types and unit configurations. Its diverse unit mix and reliable infrastructure make it a prime acquisition for investors seeking both stability and potential growth in Lake Alfred's multifamily market.
Location
State FL
County Polk
Community Rochelle Terrace
Area 33850 - Lake Alfred
Zoning C-1
Interior
Heating Central, Electric
Cooling Central Air
Fireplace false
Laundry Laundry Room
Exterior
Exterior Feature Sidewalk
Utilities Available Electricity Connected, Sewer Nearby, Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Septic Tank
Structure Type Block,Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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