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150 S Nekoma Avenue Unit A,B,C,D

Lake Alfred, FL 33850

– beds
– baths
3,060 sqft
15,751 sqft lot
$69 per sqft
1923 build
– on site

More homes

This is a great redevelopment opportunity. Nestled in the heart of Lake Alfred, this property boasts a central location with easy access to essential amenities, schools, parks, and major transportation routes which is a perfect backdrop for investment vision. This quadplex is in need of TLC, making it an ideal project for those with a keen eye for renovation. With the right vision and expertise, you can transform it into an income property after renovations. If the existing building is demolished, the RN-2 zoning allows flexibility to build single-family homes attached or detached, and multifamily structures up to 9 units. As per verbal information gathered from Lake Alfred City authorities, the buyer can allocate up to 65% of the land for construction. The structure should be ideally placed within 10 to 20 feet from the front street lot line, with 5 feet of space on the sides and 15 feet from the rear lot line. The minimum residential unit requirement is 450 SF/Unit. The property can have a 36ft height to the peak of the roof, providing ample room for diverse architectural designs. For buyers looking to expand their options: the buyer can build their dream single-family home. The auxiliary unit/mother-in-aw suite can be built up to half the size of the primary home. The rents in the area range from anywhere from $1200 -$1400/unit and may vary depending on the size and the condition (repairs or renovations) of the unit. Priced well below the market value, this property represents an exceptional value-added opportunity. The canvas is all buyer's - build and design as desired. Please take your contractor to the property to estimate the cost of repairs/buildout. Buyer is to independently verify all permits, market rents, approvals, regulations, allowed use, zoning, property condition, and all other factors pertaining to using this parcel and building for the buyer's intended use. Rental rates may vary depending on the property's condition.

Listing courtesy of STELLAR_MLS / KELLER WILLIAMS REALTY AT THE PARKS

Last checked: Checking… • Last updated Oct 8, 2024 •

MLS# O6144835 —

The Building

Year Built:

1923
New Construction:

false
Construction Materials:

Other
Roof:

Shingle
Foundation Details:

Slab
Unit Number:

A,B,C,D
# of Buildings:

1
Building Area Units:

Square Feet

Interior

Interior Features:

Ninguno
Fireplace:

false

Room Dimensions

Living Area:

3060
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

From Hwy 17 N/Lake Alfred Rd, turn right onto S Lake Shore Way, pass by Dollar General (on the left in 0.8 mi), turn left onto W Cummings St (0.3 mi), and turn right onto S Nekoma Ave.
Latitude:

28.09119
Longitude:

-81.733753
Coordinates:

-81.733753, 28.09119

The Property

Parcel Number:

262732503000031023
Property Type:

Residential Income
Property Subtype:

Quadruplex
Property Attached:

false
Lot Size Acres:

0.36
Lot Size Area:

15751
Lot Size SqFt:

15751
Lot Size Units:

Square Feet
Total Acres:

1/4 to less than 1/2
Zoning:

R-2
View:

false
Exterior Features:

Other
Water Source:

Public
Road Surface Type:

Asphalt
Flood Zone Code:

X
Flood Zone Panel:

12105C0355G
Additional Parcels:

false
Homestead:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2022
Tax Lot:

2
Tax Block:

31
Tax Legal Description:

CODINGTON PB 1 PG 61 BLK 31 LOT 2 S 58.7 FT LESS E 51.3 FT & N 41.3 FT OF LOT 3 LESS E 51.3 FT
Tax Book Number:

1-61
Tax Annual Amount:

1246

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Wall Units / Window Unit
Heating:

true
Cooling:

Wall/Window Unit(s)
Cooling:

true

Utilities

Utilities:

Electricity Connected
Sewer:

Public Sewer

The Community

Subdivision Name:

CODINGTON LAKE ALFRED
Senior Community:

false
Water View:

false
Water Access:

false
Waterfront:

false
Spa:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Carport:

false

Extra Units

# of Units Total:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
12/19/23 Dec 19, 2023	Sold	STELLAR_MLS	$214,000	-14.4%
11/13/23 Nov 13, 2023	Pending	STELLAR_MLS	$250,000
9/26/23 Sep 26, 2023	Listed / Active	STELLAR_MLS	$250,000

Multifamily Sold on 12/19/2023

$214,000

Listing provided by broker:

Ayesha Verma

KELLER WILLIAMS REALTY AT THE PARKS

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Listing Courtesy of: STELLAR_MLS and KELLER WILLIAMS REALTY AT THE PARKS.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.

150 S Nekoma Avenue Unit A,B,C,D

Lake Alfred, FL 33850