# 640 E Grapefruit Avenue, Lake Alfred, FL

> This Residential Income listing has 4 Beds, 4 Full Baths. Schedule a showing for 640 E Grapefruit Avenue in Lake Alfred, FL.

- Price: $409,000
- Status: Active
- Property Type: Residential Income
- MLS ID: R4911803
- Features: 4 Beds, 4 Full Baths
- Photo: https://prd-pbgo-mls-photos.s3.amazonaws.com/mfr/properties/photos/R4911803_df814c3dd1e8f4b5d881d672e8d4f647.jpg

## Description

Prime investment opportunity in Lake Alfred! Built in 2023, this modern, turn-key duplex delivers instant cash flow with tenants already in place. Sitting on a ~0.17-acre lot with a private, fully fenced yard and NO HOA, this property offers ultimate flexibility for hands-off landlords or house-hackers looking to live in one side and offset their mortgage.
Both units boast a functional, open-concept 2-bedroom, 2-bathroom layout finished with fresh paint, durable low-maintenance flooring, and upgraded stainless steel appliances. Positioned right in the heart of town, residents enjoy fast access to US-17/92 and I-4 for effortless commutes to Orlando or Tampa, along with close proximity to local lakes, the Chain of Lakes Trail, and a planned Publix-anchored development.
Portfolio Opportunity: Motivated seller! Can be acquired individually or bundled with the matching, 1,800 sq ft duplex right next door at 650 E Grapefruit Ave (Parcel:26-27-28-493500-001141) for a target 6.24% portfolio cap rate. Multiple financing options available—schedule your private tour today!

## Attribution

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  Information last updated on October 26, 2026 05:26 AM - ET

Property last updated: October 26, 2026 05:26 AM - ET.