402 E MAIN St
dundee, FL 33838$420,000
- Contract signed
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Under contract-accepting backup offers. 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.
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Details
3,352 Sq Ft
0.21 Private Acres Lot Size
commercial
$491 Monthly Tax
Built in 1946
MLS/Listing ID P4938541
5 Units
Amenities & Features
Heating - Electric
Slab
Cooling - Wall/window unit(s)
Construction - Block
Refrigerator
Public Water
Septic System
Shingle
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