Property Description
Fully occupied multifamily investment opportunity on an oversized corner lot with excellent visibility. This two-story apartment building features five units, each with its own electric meter. Each unit offers a one-bedroom, one-bath layout plus a bonus room that could function as a second bedroom, along with a kitchen and living area. Units are equipped with window A/C units.Tenants pay their own electric, while rent currently includes water and trash. The property is on city water with a septic system approximately 10 years old. Current gross annual income is $51,000, with strong potential for increased returns through renovations and rent adjustments.Additional features include a storage area that could be converted into a shared laundry facility, adding further value and convenience for tenants. Ideal for investors looking to add value and maximize income potential.View a video and navigate a 360 degree interactive virtual tour with zoom in and out capabilities to see how close Downtown Dundee is.
Property Features
Property Type: Commercial - Multiple
Cooling: Wall/Window Unit(s)
Heating: Electric
Lot Size: 0.21 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $5,889
Year Built: 1946
Square Feet: 3,382
Feature Descriptions
Appliances: Refrigerator
Days on Site: 69
Directions: FROM 27 SOUTH TURN LEFT ON MAIN STREET GO THRU TRAFFIC LIGHT ABOUT 3 BLOCKS PROPERTY WILL BE ON THE RIGHT SIGN OUT FRONT.
Exterior: Block
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash
Lot Dimensions: 0.21
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Sale Includes: Building(s) and Land
Sewer: Septic Tank
Showing Instructions: ShowingTime
Special Sale Provisions: None
Units: 5
Utilities: Electricity Available, Water Connected
Water: Public
Water Access Y/N: No
Zoning: R-1A
Listed By / Shown By
Listed By
Agency Name: REAL ESTATE BROKERS USA, INC.
Agency Contact: 863-247-8096
Shown By
Agent Name: Etowsha Chisolm
Agent Phone: (904) 352-3064 Cell
Agency Title: Watson Realty Corp., REALTORS ®
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402 E Main Street | MLS# P4938541
This commercial property located at 402 E Main Street, Dundee, FL 33838 is currently listed for sale with an asking price of $420,000. Search Dundee real estate on echisolm.watsonrealtycorp.com today.