980 S Lake Shore Way Lake Alfred, FL 33850
Listing Courtesy of: MLS LogoSTELLAR as distributed by MLS GRID / Listed By: Tony Acosta, Century 21 Myers Realty; Michael Brenner, Myers Realty - Contact:  863-875-5656

  980 S Lake Shore Way Lake Alfred, FL 33850

Active (23 Days)
$399,000 (USD)
6
BED
4
BATH
2,506
SQFT

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.

MLS #:
L4965144
Taxes
$1,647(2025)
Lot Size
0.48 acres
Type
Single-Family Home
Year Built
1920
County
Polk County

Listed By

Tony Acosta, Century 21 Myers Realty, Contact: 863-875-5656
Michael Brenner, Century 21 Myers Realty
Source
STELLAR
Last checked Oct 16 2026 at 12:07 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 4
Interior Features
  • Unfurnished
  • Appliances: Electric Water Heater
  • Appliances: Refrigerator
  • Appliances: Range
  • Ninguno
Subdivision
  • Rochelle Terrace
Lot Information
  • Sidewalk
  • Corner Lot
  • Paved
Property Features
  • Foundation: Slab
Heating and Cooling
  • Ductless
  • Wall/Window Unit(s)
Flooring
  • Carpet
  • Other
Exterior Features
  • Frame
  • Roof: Metal
Utility Information
  • Utilities: Water Connected, Water Source: Public
  • Sewer: Public Sewer
School Information
  • Elementary School: Lake Alfred Elem
  • Middle School: Stambaugh Middle
  • High School: Auburndale High School
Stories
  • 2
Living Area
  • 2,506 sqft
Additional Information: Myers Realty | 863-875-5656
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

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Disclaimer: Listings Courtesy of “My Florida Regional MLS DBA Stellar MLS © 2026. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any other purpose other than to identify properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Last Updated: 10/15/26 17:07
Based on information submitted to the MLS GRID as of 10/16/2026 00:07. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.