980 S LAKE SHORE WAY, LAKE ALFRED, FL, 33850
Active0 days on marketListed Sep 22, 2026MLS #L4965144
About this home
980 S LAKE SHORE WAY
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.
Facts & features
The home at a glance
6
Bedrooms
4
Bathrooms
2,506
Sqft
0.48 ac
Lot size
1
Garage
1920
Year built
Two
Levels
$180
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$3,145 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$3,145/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside Rochelle Terrace
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Lake Alfred. See the full Lake Alfred guide →
Rochelle Terrace — neighborhood snapshot
Population
749
Median age
35
Median income
$95,158
Median home value
$225,300
Avg household
3
Households w/ children
111
For the school run
Polk County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Lake Alfred market
$311K → $322K
Lake Alfred median sold, yr/yr
98.4%
Sale-to-list ratio (12 mo)
Median sold price, Lake Alfred, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 36% above the LAKE ALFRED 33850 median. See the full Lake Alfred market guide →
Paper trail
This home's history
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Tyler Stoddard
REALTOR · CENTURY 21 Edge
Tours, negotiation, and every question about 980 S LAKE SHORE WAY — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 980 S LAKE SHORE WAY — before you fall in love.
See it in person
Schedule a tour
Live availability from Tyler's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
980 S LAKE SHORE WAY FAQs
What would the monthly payment be for 980 S LAKE SHORE WAY?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $3,145/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 980 S LAKE SHORE WAY?+
The most recent tax bill on record (2025) was $1,647. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Lake Alfred?+
At $449,900, this home is listed about 26% above the Lake Alfred median of $356,950. The market section on this page shows how the area is trending.
Which schools are assigned to 980 S LAKE SHORE WAY?+
Lake Alfred Elementary School (elementary), Lake Alfred Polytech Academy (middle), Auburndale Senior High School (high) — Polk County School District. Always verify school assignments with the district before relying on them.
Listing courtesy of CENTURY 21 MYERS REALTY · Tony Acosta. MLS #L4965144.
IDX information 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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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