COMMERCIAL/MULTI FAMILY INCOME PRODUCER | 608 Dundee Rd
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COMMERCIAL/MULTI FAMILY INCOME PRODUCER 608 Dundee Rd
3,515 SF 100% Leased Retail Building Dundee, FL 33838 $900,093 CAD ($256 CAD/SF) 9.10% Cap Rate
Investment Highlights
- Two income producing buildings, 6 units on Dundee Road at US 27 on .34 Acres. 2,131 SF two story commercial, and 1,384 SF Duplex.
- Duplex - 2 units. 1 x 3/1 and 1 x 2/1. The 2/1 unit has been completely renovated and has a new mini split A/C unit.
- AADT 12,600 on Dundee Road and 45,000 on US Hwy 27. Property on public water (Town of Dundee) and septic.
- Two story building - 4 units, new roof in 2023, new mini split A/C units in 2023. 4 electric meters.
- Possible Retail Redevelopment - Zoned CC, Town of Dundee. Dundee Road has been expanded to 4 lanes.
Executive Summary
Check attached property brochure for all details, including rent roll and expenses.
This is an Income-producing property with up to 6 units. Two structures are on the property - the first being a two-story 2,131 SF building with two retail/office spaces on the ground level and two studio apartments on the second floor. The second structure is a 1,384 SF duplex, with 3/1 and 2/1 units, respectively.
Both buildings have been renovated over the past few years. The two story structure has a brand new metal roof, and each of the 4 units have their mini split A/C unit. The building has also been painted, and the two studio apartments have been completely renovated featuring new kitchen counters and laminate floors.
A church tenant occupies the two units on the first floor, at well under market rent. The second floor with the studios currently fetch $1,250 per unit. The duplex has one long term tenant, and one totally renovated unit.
The property is located near the Dundee Ridge shopping center and approximately 10 minutes from downtown Winter Haven.
Dundee is a small town on the other side of Winter Haven, separated by US 27, a main thoroughfare running north and south.
This is an Income-producing property with up to 6 units. Two structures are on the property - the first being a two-story 2,131 SF building with two retail/office spaces on the ground level and two studio apartments on the second floor. The second structure is a 1,384 SF duplex, with 3/1 and 2/1 units, respectively.
Both buildings have been renovated over the past few years. The two story structure has a brand new metal roof, and each of the 4 units have their mini split A/C unit. The building has also been painted, and the two studio apartments have been completely renovated featuring new kitchen counters and laminate floors.
A church tenant occupies the two units on the first floor, at well under market rent. The second floor with the studios currently fetch $1,250 per unit. The duplex has one long term tenant, and one totally renovated unit.
The property is located near the Dundee Ridge shopping center and approximately 10 minutes from downtown Winter Haven.
Dundee is a small town on the other side of Winter Haven, separated by US 27, a main thoroughfare running north and south.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,515 SF
Building Class
C
Year Built
1986
Price
$900,093 CAD
Price Per SF
$256 CAD
Cap Rate
9.10%
NOI
$81,927 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.23
Land Acres
0.35 AC
Zoning
CC - Town of Dundee - General Commercial
Frontage
148 ft on Dundee Road
Amenities
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 27-28-29-848000-001280 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $299,414 CAD |
PROPERTY TAXES
Parcel Number
27-28-29-848000-001280
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$299,414 CAD
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Craig Morby -
Eric Ammon -
SVN | Saunders Ralston Dantzler Real Estate
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COMMERCIAL/MULTI FAMILY INCOME PRODUCER | 608 Dundee Rd
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