$1,424,999

701 Keen Road Frostproof, FL 33843 Multi Unit - Multiple Active

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Description

Here's the opportunity you've been waiting for, a rare multi-unit income producing property! There are 8 units total, currently being rented out on a month-to-month basis. The property is nestled on nearly 4 acres under a canopy of old Florida charm, this one-of-a-kind property features a 3bd/2ba main residence, 4 architecturally charming A-frame 2bd/2ba cottages, and a multi unit apartment building with two units that are 1bd/1ba and one unit that's a 2bd/1ba. All grandfathered under ARR zoning. The grounds are thoughtfully designed to offer both privacy and community, including a screened-in saltwater pool (new pump and recently resurfaced), garden pathways, shaded gathering areas, and plenty of parking. Just a stones throw away from the public boat ramp to crooked lake, where your guests or tenants can enjoy year round, boating, kayaking, and world class fishing. There's also an Internet tower for fast Internet, property wide water softener system, a Generac generator for the apartment building, two large sheds, 6 smaller storage sheds, large chicken coop with run, fruit trees including mango, starfruit, cherry, lemon, lychee, pomegranate, banana, and numerous other young fruit trees. The main home was built in 2015 has a metal roof, carport, two open porches, and comes furnished including washer and dryer. All 4 A-frame cottages have new metal roofs as of April 2025 and all new HVAC systems. The 2/1 apartment also has a huge bonus room with a loft and a private laundry room (which could be turned into a 4th unit). But that's not all there's also a RV 30 amp hook up (with ample space for up to 9+ more) envisioning the potential for 10+ oversized RV pads, this property combines existing cash flow with development upside potential. This property is not just a residence or average income producer - it's a flexible income-generating resort with limitless potential:think short-term vacation rentals, wellness retreats, church camps, rehabilitation centers, RV expansion, corporate rentals, live + earn model, or multigenerational living.

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 3.95 Acres
Roof Type: Metal
Taxes: $11,328
Year Built: 1971

General Information

Bedrooms: 15
Sqft: 5,908
County: Polk
Subdivision: CROOKED LAKE
Listed By:
Mindy Russo KELLER WILLIAMS REALTY SMART 863-577-1234

Amenities

Accessibility Features
Ceiling Fans(s)
Outbuildings
Private Mailbox

Property Features

Annual Net Income: 48059.00
Body of Water: LITTLE CROOKED LAKE
Community Features: Pool
Days on Site: 212
Directions: From US Highway 27 S to left onto 630A to left onto Keen Rd. Home is located on the left.
Exterior: Stucco, Vinyl Siding
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 3.95
Other Structures: Shed(s), Storage
Ownership: Fee Simple
Pool: In Ground, Salt Water, Screen Enclosure
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Sewer: Septic Tank
Showing Instructions: 24 Hour Notice
Special Sale Provisions: None
Special View Info: Water
Swimming Pool: Yes
Units: 8
Utilities: Electricity Connected, Emergency Power
Water: Well
Water Access: Lake
Water Access Y/N: Yes
Water View: Lake
Zoning: XX
$1,424,999
15beds
5,908sqft
Active
BEDS15 BATHS SQUARE FEET5,908 MLS#L4955855
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONCROOKED LAKE

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701 Keen Road, Frostproof, FL 33843.

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Estimated Payment

$ 6,165.91 per month $4,806.29 Principal & Interest $944.00 Property Tax $415.62 Homeowner's Insurance

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