Address
980 S Lake Shore Way, LAKE ALFRED, FL
Price
$ 449,900
Property Attributes
- MLS#L4965144
- TypeSingle Family
- Listing Status Active
- CountyPolk
- CityLAKE ALFRED
- AreaLake Alfred
- NeighborhoodROCHELLE TERRACE
- Zip33850
- StyleSingle Family Residence
- Year Built1920
- Taxes$ 1647
- Price$ 449,900
- Bedrooms6
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage2506
- Lot Size0.48 Acres
Data Source:
Stellar MLS
Property Description
INVESTMENT OPPORTUNITY IN LAKE ALFRED! Located at 980 S Lakeshore Way, this unique multi-unit property offers excellent visibility, convenient access, and significant potential for an investor looking to add value and increase rental income. Situated on a prominent corner with frontage along a well-traveled roadway, the property consists of three separate buildings with four residential units, providing a total of 6 bedrooms and 4 bathrooms. The unit mix includes a two-story building with separate upstairs and downstairs residences, along with two additional detached residential buildings. Three units are currently occupied, including established long-term tenants, while one unit is vacant and offers an immediate opportunity for renovation and repositioning. Current rental income is approximately $1,370 per month, with owner-provided estimated market rents totaling approximately $3,400 per month, creating substantial potential for increased income as units are improved and rents are brought closer to market rates. With multiple structures, existing rental history, prominent road frontage, a corner location, and room for property improvements, this property presents an intriguing opportunity for an investor with a vision. Property is being offered in its current condition. Bring your ideas and explore the possibilities this Lake Alfred investment property has to offer. Whether you’re looking to hold as an income-producing property or explore development possibilities in a growing area, this property offers exceptional visibility and location within Lake Alfred’s main commercial corridor.
| Elementary School | Middle School | High School |
|---|---|---|
| Lake Alfred Elem Elementary School | Stambaugh Middle Middle School | Auburndale High School High School |
| Price History | |
|---|---|
| 9/22/2026 | Listed $449,900 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Wall Units / Window Unit |
| Cooling | Wall/Window Unit(s) |
| Utilities | Water Connected |
| Possession | Close Of Escrow |
| Roof | Metal |
| Appliances | Electric Water Heater,Range,Refrigerator |
| Zoning | C-1 |
| Garage Spaces | 1 |
| Construction Materials | Wood Frame |
| Year Built | 1920 |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Ownership | Fee Simple |
| County | Polk |
| New Construction | false |
| Property Type | Residential |
| Attached Garage | false |
| Subdivision Name | ROCHELLE TERRACE |
| Facing Direction | West |
| Garage Y/N | true |
| Other Structures | Guest House,Storage |
| Total Rooms | 3 |
| Full Baths | 4 |
| Status | Active |
| Directions | Heading east on US Hwy 92 continue until road becomes US Hwy 17/ S Lake Shore Way. Destination will be on your right at the corner of Mackay Blvd. |
| High School | Auburndale High School |
| City | LAKE ALFRED |
| Senior Community Y/N | false |
| MLS Area | 33850 - Lake Alfred |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 20870 |
| Carport Y/N | false |
| Elementary School | Lake Alfred Elem |
| Land Lease Y/N | false |
| Tax Annual Amount | 1647.2 |
| Middle/Junior High School | Stambaugh Middle |
| Property Condition | Completed |
| Additional Parcels Y/N | false |
| Lease Considered Y/N | true |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/L4965144 |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Occupancy Type | Vacant |
| Tax Lot | 7 |
| Legal Description | ROCHELLE TERRACE PB 8 PG 44 BLK 3 LOTS 7 & 8 LESS ST RD 600 |
| Minimum Lease | No Minimum |
| Water Access Y/N | false |
| Water View Y/N | false |
| Flood Zone Code | X |
| In Law Suite YN | false |
| Flood Zone Code X | Yes |
Interior Features
| Interior Amenities | Ninguno |
|---|---|
| Flooring | Carpet,Other |
| Furnished Y/N | Unfurnished |
| Total Stories | 2 |
| Common Walls | Corner Unit |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Fireplace Y/N | false |
| Laundry Features | None |
| Total Bedrooms | 6 |
| LivingAreaSource | Public Records |
| Total Baths | 4 |
Exterior Features
| Exterior Amenities | Sidewalk |
|---|---|
| Vegetation | Mature Landscaping |
| Lot Features | Corner Lot,Sidewalk |
| Water Source | Public |
| Lot Size Area | 20870 |
| Foundation Details | Slab |
| Building Area Total | 2550 |
| Lot Dimensions | 150 x 140 |
| Lot Size Acres | 0.48 |
| Road Surface Type | Paved |
| Private Pool | false |
| Waterfront Y/N | false |
| Covered Spaces | 1 |
| Road Frontage Type | Street Paved |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 33850
Price
Taxes
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on September 22, 2026 10:47 PM UTC
