Property
ActiveIncome
1/60
$724,900

608 DUNDEE ROAD

Dundee, FL 33838
5
Beds
6
Baths
3,515
SqFt
0.34
Acres
STELLAR
#P4937609
Updated: Jul 1, 2026, 11:08am

Property Description

This 6-unit residential income-producing property is an excellent opportunity with strong cash-flow that's located on Dundee Road, leading directly into the fast-growing town of Dundee! Boasting a 12.62% cap rate at full occupancy, this property significantly exceeds the typical 5–8% multifamily cap rate range seen across Florida, offering investors an exceptional return from day one! With a total monthly income of $8,800, this property delivers a standout return on investment & has the ability to pay for itself before you even know it. Sitting on just over 1/3 of an acre, the property offers plenty of parking & features two separate buildings: a duplex (1,384 heated sq ft) & a quadruplex (2,131 heated sq ft). The duplex features a 2BR/1BA unit currently leased for $1,500/mo. along with a 3BR/1BA unit that has been recently updated with fresh paint, warm wood-laminate flooring, & new stainless-steel appliances. This unit is currently leased for $1,800/mo. The quadruplex is a well-maintained two-story concrete-block building with a new metal roof. The two upstairs units have been recently renovated & feature upgraded wood-laminate flooring & nice kitchenettes w/ granite countertops. Both upstairs units are currently leased to the same tenant for $1,250/mo. per unit. The two downstairs units are both currently leased for $1,500/mo. per-unit on 5-year leases. One downstairs unit includes an Ansul system & a grease trap, offering flexibility for future use. Altogether, both buildings feature fresh exterior paint, giving the property strong curb appeal. Each building has its own septic system & individual water meter, along with six separate electrical meters: one per-unit. Five units are equipped with newer mini-split A/C systems, while the duplex's 3-bedroom unit features central heat/air conditioning. The duplex was originally built in 1925 with an effective year of 1992 & the quadruplex was built in 1986 with an effective year of 2000. What's unique about this property is that you get the best of both worlds, where on one side of the property sits the charming downtown area of Dundee, & on the other side boasts one of Polk County's major thoroughfares, Hwy 27, that opens you up to the cities of Winter Haven, Lake Wales, & Haines City which are some of the fastest growing in all of Florida! Interested in earning $105,600 per year in gross rental income? Schedule a showing & see firsthand just how quickly this property can become a strong hands-off income producer! This property could be subdivided & the duplex building sold separately on it's own at a price of $284,900. The MLS# for this is: P4937610. All measurements are approx & all info should be confirmed by buyer.
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Included Appliances
CooktopElectric Water HeaterRangeRefrigerator

Property Details

Interior
Appliances
CooktopElectric Water HeaterRangeRefrigerator
Building Area Total
3948
Cooling
Central AirMini-Split Unit(s)
Flooring
LaminateTileVinyl
Heating
CentralOther
Interior Features
Ceiling Fan(s)Eating Space In KitchenLiving Room/Dining Room ComboSplit BedroomStone CountersThermostat
Laundry Features
OtherOutside
Living Area
3515
Construction
Building Area Source
Public Records
Building Area Units
Square Feet
Construction Materials
BlockStuccoWood Frame
Foundation Details
BlockCrawlspace
Levels
Two
Living Area Source
Public Records
Living Area Units
Square Feet
Number Of Units Total
6
Property Condition
Completed
Roof
MetalShingle
Year Built
1986
Site & Exterior
Exterior Features
Sidewalk
Flood Zone Code
X
I D X Participation
Yes
Lot Features
Sidewalk
Lot Size Acres
0.34
Lot Size Area
15019
Lot Size Dimensions
90 x 60
Lot Size Square Feet
15019
Lot Size Units
Square Feet
Number Of Separate Electric Meters
6
Number Of Separate Water Meters
2
Open Parking
Yes
Parking Features
DrivewayOpen
Patio And Porch Features
Covered
Public Survey Range
27
Public Survey Section
29
Road Frontage Type
Street Paved
Road Surface Type
Paved
Sewer
Septic Tank
Total Acreage
1/4 to less than 1/2
Utilities
BB/HS Internet AvailableCable ConnectedElectricity ConnectedPublicStreet LightsWater - Multiple MetersWater Connected
Water Source
Public
Zoning
C-1
Financials
Calculated List Price By Calculated Sq Ft
206.23
Contract Status Change Date
2026-02-02
Current Price
724900
Feed Types
BBO
Lease Considered
Yes
Ownership
Fee Simple
Parcel Number
272829848000001280
Public Survey Township
28
Tax Annual Amount
5334.72
Tax Book Number
22-21
Tax Legal Description
SCENIC HEIGHTS PB 22 PG 21 LOT 128 & THAT PT OF CLOSED WINTER HAVEN RD LYING SELY OF ABOVE & LYING W OF B B GRAY PROPERTY SUB & LYING N OF SR 542 AS PER OR 8302-2013 LESS R/W PARCEL 185.1 SECTION 16280-000 FOR SR 542 AS DESC IN OR 10129 PG 361
Tax Lot
128
Tax Year
2025
Total Actual Rent
8800

Neighborhood & Lifestyle

Community & Association
M L S Area Major
33838 - Dundee
Subdivision Name
SCENIC HEIGHTS
Listing provided courtesy of STELLAR via IDX. Updated: Jul 1, 2026, 11:08am.
Kennedy Matthews

Listing Agent

JULIE MATTHEWS GROUP LLC

Call Agent