640 E Grapefruit Avenue, Lake Alfred, FL 33850

New Listing

$449,999

Virtual Tour

https://www.propertypanorama.com/640-E-Grapefruit-Avenue-Lake-Alfred-FL-33850/unbranded

Property Type: Residential Income Square Footage: 1,961 Status: Active

Current Price: $449,999 List Date: 6/28/2026 Last Modified: 6/28/2026

Overview

Description

Newer 2023 duplex offering immediate income with tenants already in place in both units. Situated on 0.17 acres, the property features a fenced yard and NO HOA, offering flexibility and low restrictions. Each unit includes a well-designed 2BR/2BA open-concept layout with modern finishes, spacious living areas, and low-maintenance design ideal for tenants or owner-occupants. Located in the heart of Lake Alfred with quick access to US-17/92 and I-4, providing an easy commute to Orlando and Tampa. Just minutes from Winter Haven, Auburndale, and Lakeland for shopping, dining, and everyday conveniences. Nearby growth includes a planned Publix-anchored center, adding future value. Outdoor recreation is close with lakes, parks, and the Chain of Lakes Trail nearby.

Listing Details MLS# B26046275

General Property Information

Number Of Units Total: 2
Property Sub Type: Duplex
Building Area Main: 1961
Building Area Source: Public Records
Living Area Main: 1925
Living Area Source: Public Records
Accessibility Features YN: No
Year Built: 2023
Parking Total: 4
Gated Community YN: No
Lot Size Area: 7248
Lot Size Acres: 0.17
Senior Community YN: No
Land Lease YN: No
Recreation Lease YN: No
Stories Total: Yes
Stories: Yes
Pool Private YN: No
Spa YN: No
LP/Assessed Value: 1.44

Property Features

Documents Available: None Exterior Features: Storage Fencing: Back Yard; Fenced Flooring: Vinyl Leasing Permitted Details: Okay To Lease Special Listing Conditions: Standard Structure Type: Duplex Tenant Pays: Cable TV; Electricity; Water Construction Materials: Concrete Block - No Stucco Cooling: Ceiling Fan(s); Central Air; Electric Heating: Central Laundry Features: Electric Dryer Hookup; In Unit; Inside Levels: One Listing Terms: 1031 Exchange; Cash; Conventional; FHA Pets Allowed YN: No Possession: Close Of Escrow Restrictions: No Restrictions Roof: Shingle Sewer: Public Sewer Tax Information: City/County Utilities: Water Available View: Other Water Access: None Water Source: Public Showing Requirements: Occupied; Text Listing Agent Unit 1 Appliances: Disposal; Microwave; Refrigerator Unit 1 Other Equipment: Smoke Detector(s) Unit 1 Parking Features: Parking Space Unit 1 Rooms: Family Room; Kitchen Unit 2 Appliances: Dishwasher; Disposal; Microwave; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Parking Space Unit 2 Rooms: Family Room; Kitchen Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 449999
Negotiable Seller Concessions YN: No
Listing Service: Full Service

Location and Legal

Country: United States
County Or Parish: Polk
Street Number: 640
Street Direction Prefix: E
Street Name: Grapefruit
Street Suffix: Avenue
Municipality Type: Incorporated
State Or Province: FL
Postal Code: 33850
Postal Code +4: 2212
Subdivision Name: HIGHLAND SUBDIVISION
Area: 5940 - Other Florida County
Geographic Area: Other
Special Assessment YN: No
Parcel Number: 282726493500001130
Subdivision Number: 493500
Zoning: R-2
Flood Zone: X

Financial Information

Master Association YN: No
Tax Annual Amount: 5987.46
Tax Year: 2025
Tax Assessed/SOH Value: 312120
Tax Legal Description: HIGHLAND SUB PB 4 PG 2 BLK A LOT 13
Assessor Market Value: 312120
Estimated Monthly Assoc Recurring Fee: 0

Status Change Information

Major Change Timestamp: 2026-06-28T12:41:14Z
Major Change Type: New Listing
Status Change Date: 2026-06-28

More Information

Co-Ownership

Property Management YN: No

Leasing Permitted Details

Leasing Permitted YN: Yes
Okay To Lease: Yes

Meter Information

Separate Electric Meters YN: Yes
Number Of Separate Electric Meters: Yes
Separate Gas Meters YN: No
Separate Water Meters YN: Yes
Number Of Separate Water Meters: Yes
Number Of Meters Total: 2

Income and Expenses

Annual Total Expense: 18393
Gross Income: 37200
Net Operating Income: 15831
Operating Expense: 18393

Unit 1 Details

Actual Rent: 1550
Baths Full: 2
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 1925

Unit 1 Lease Description

Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2027-02-16
Occupant Type: Tenant

Unit 1 Parking Details

Carport YN: No
Garage YN: No

Unit 2 Details

Actual Rent: 1550
Baths Full: 2
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 1925

Unit 2 Lease Description

Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2026-09-19
Occupant Type: Tenant

Unit 2 Parking Details

Carport YN: No
Garage YN: No

Price Calculations

Current Price To SqFt: 233.76

Originating Details

Originating System Key: 20260623204855840001000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Exterior Features

Storage: Yes

Flooring

Vinyl: Yes

Special Listing Conditions

Standard: Yes

Documents Available

None: Yes

Fencing

Back Yard: Yes
Fenced: Yes

Structure Type

Duplex: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Water: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

Water Available: Yes

View

Other: Yes

Heating

Central: Yes

Water Access

None: Yes

Construction Materials

Concrete Block - No Stucco: Yes

Laundry Features

Electric Dryer Hookup: Yes
In Unit: Yes
Inside: Yes

Levels

One: Yes

Listing Terms

1031 Exchange: Yes
Cash: Yes
Conventional: Yes
FHA: Yes

Roof

Shingle: Yes

Water Source

Public: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes

Showing Requirements

Occupied: Yes
Text Listing Agent: Yes

Pets Allowed YN

No: Yes

Restrictions

No Restrictions: Yes

Tax Information

City/County: Yes

Unit 1 Appliances

Disposal: Yes
Microwave: Yes
Refrigerator: Yes

Unit 1 Other Equipment

Smoke Detector(s): Yes

Unit 1 Parking Features

Parking Space: Yes

Unit 1 Rooms

Family Room: Yes
Kitchen: Yes

Unit 2 Appliances

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes

Unit 2 Parking Features

Parking Space: Yes

Unit 2 Rooms

Family Room: Yes
Kitchen: Yes

Acreage Description

Less Than 1/4 Acre Lot: Yes
Less Than 1 Acre Lot: Yes

Listing Office: FL Home Group LLC

Last Updated: June - 28 - 2026

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640 E Grapefruit Avenue, Lake Alfred, FL 33850 (MLS# B26046275)