Unique Multi-Unit Income
For Sale
$1,424,999
701 KEEN Rd, Frostproof, FL 33843
Income-producing property with main residence, cottages, and apartment building.
Lot Size3.95 Acres
Days on Market147
Property Features for 701 KEEN Rd
General Information
Standard status
Active
Lot size
3.95 Acres
Property subtype
Investment
Building Details
Year Built
1971
Listing Agency:
Smart Realty of Polk Inc dba Keller Williams Realty
(863) 529-7488
Listed By:
John Carter · License #3093835
(863) 529-7488
Source:
Elliman
Added: Mar 10
Changed: Jul 10
Last Checked: Aug 3 at 3:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Smart Realty of Polk Inc dba Keller Williams Realty
Investment Insights
Based on property information with market context.
This multi-unit income-producing property features a total of 8 units, currently rented on a month-to-month basis. Situated on nearly 4 acres, the property includes a 3-bedroom, 2-bathroom main residence built in 2015 with a metal roof, carport, and two open porches, which comes furnished including a washer and dryer. There are also four architecturally distinct A-frame 2-bedroom, 2-bathroom cottages, and a multi-unit apartment building containing two 1-bedroom, 1-bathroom units and one 2-bedroom, 1-bathroom unit. The 2-bedroom apartment has a bonus room with a loft and a private laundry room. The grounds are designed with privacy and community in mind, featuring a screened saltwater pool, garden pathways, shaded gathering areas, and parking. Amenities include an internet tower, a property-wide water softener system, a Generac generator for the apartment building, two large sheds, six smaller storage sheds, and a large chicken coop. There are also fruit trees, including mango, starfruit, cherry, lemon, lychee, pomegranate, and banana. All four A-frame cottages will have new metal roofs as of April 2025 and all new HVAC systems. There is also an RV 30 amp hook up. The property is zoned ARR and is located near a public boat ramp to Crooked Lake. Potential uses include short-term vacation rentals, wellness retreats, church camps, rehabilitation centers, RV expansion, corporate rentals, a live + earn model, or multi-generational living.
Key Highlights
- Multi‑unit income property featuring 8 units, including a main residence, A‑frame cottages, and an apartment building.
- Nearly 4 acres of land offering old Florida charm with garden pathways and shaded gathering areas.
- Enjoy the screened‑in saltwater pool with new pump and resurfaced finish.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Explore this area
Business Placement
Demographics for 33843, FL
11,864
Population
5,930
Households
2
Avg Household Size
45
Median Age
15%
College-Educated
81%
High-School Grad
124.0 sq mi
ZIP Area
96
Density / Sq Mi
$51,358
Median Household Income
$28,857
Median Earnings
$864
Median Rent
$107,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Income-producing property with main residence, cottages, and apartment building.
Where is this apartment building located?
The property is located at 701 KEEN Rd Frostproof, FL.
What is the asking price?
The asking price for this property is $1,424,999.
What are key features of this property?
This property features: Multi‑unit income property featuring 8 units, including a main residence, A‑frame cottages, and an apartment building.; Nearly 4 acres of land offering old Florida charm with garden pathways and shaded gathering areas.; Enjoy the screened‑in saltwater pool with new pump and resurfaced finish.
