Multifamily Investment Opportunity in
402 E MAIN St Dundee, FL 33838
For Sale
$420,000
Fully occupied five-unit apartment building with income potential.
Days on Market96
Property Features for 402 E MAIN St
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1946
Listing Agency:
Real Estate Brokers USA, Inc
(863) 242-6624
Listed By:
Debbie Bradbury · License #3231911
(863) 242-6624
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 28 at 12:15PM
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 Real Estate Brokers USA, Inc
Investment Insights
Based on property information with market context.
This two-story apartment building presents a multifamily investment opportunity. Located on an oversized corner lot, the property offers excellent visibility. The building comprises five units, each equipped with its own electric meter. Each unit features a one-bedroom, one-bath layout, complemented by a bonus room suitable for use as a second bedroom, along with a kitchen and living area. Window A/C units are installed in each apartment. Tenants are responsible for their electric bills, while rent includes water and trash services. The property utilizes city water and a septic system that is approximately 10 years old. The current gross annual income is $51,000. There is a storage area that could be converted into a shared laundry facility. The property is located close to Downtown Dundee. The bike score is 33, indicating it is somewhat bikeable, and the walk score is 1, indicating car-dependent accessibility. The property offers potential for increased returns through renovations and rent adjustments.
Key Highlights
- Fully occupied, generating $51,000 gross annual income with potential for increased returns.
- Five units, each with one bedroom, one bath, and a bonus room (potential second bedroom).
- Each unit has its own electric meter, simplifying utility management.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied five-unit apartment building with income potential.
Where is this apartment building located?
The property is located at 402 E MAIN St Dundee, FL.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Fully occupied, generating $51,000 gross annual income with potential for increased returns.; Five units, each with one bedroom, one bath, and a bonus room (potential second bedroom).; Each unit has its own electric meter, simplifying utility management.
