517 Oak Street, Auburndale, FL 33823
- $359,000
- 6
- BD
- 5
- BA
- 930
- SqFt
- List Price
- $359,000
- Status
- Active
- Days on Market
- 22
- Price Change
- ▼ $10,000 1784921118
- MLS#
- O6422402
- Property Style
- Duplex
- Year Built
- 1930
- Bedrooms
- 6
- Bathrooms
- 5
- Living Area
- 930
- Lot Size
- 8,111
- Acres
- 0.19
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Auburndale Heights
- MLS Area Major
- Auburndale
Property Description
Turnkey Duplex Investment Opportunity | Fully Leased | Strong Cash Flow | Auburndale, FL Exceptional income-producing duplex in the heart of Auburndale, Florida, offering immediate cash flow with both units currently leased. This turnkey multifamily property is an excellent opportunity for investors seeking stable rental income in the growing Polk County market. The property features a spacious 4-bedroom, 3-bathroom residence leased at $1,500 monthly and a well-appointed 2-bedroom, 2-bathroom residence leased at $1,400 monthly, generating $2,900 in monthly rental income ($34,800 annually). The owner has invested approximately $80,000 in renovations and improvements, enhancing the property's value while helping reduce future maintenance costs. Well maintained with dependable tenants already in place, this duplex allows the new owner to begin receiving rental income immediately after closing. Ideally located near Interstate 4, the property provides convenient access to Lakeland, Winter Haven, Orlando, and Tampa. Shopping, dining, schools, parks, medical facilities, and major employers are all just minutes away. Investment Highlights Fully leased duplex Immediate rental income Monthly rental income of $2,900 Approximately $80,000 in recent upgrades Separate living spaces with excellent rental appeal Ideal for investors seeking consistent income Strong rental market in Central Florida Convenient access to I-4, Lakeland, Winter Haven, Orlando, and Tampa Excellent addition to any real estate investment portfolio Whether you're completing a 1031 Exchange, expanding your portfolio, or purchasing your first multifamily investment, this Auburndale duplex offers an exceptional opportunity to own an established income-producing property in one of Central Florida's fastest-growing areas. Seller is motivated! Don't let the asking price stop you. This is an outstanding opportunity to own a well-maintained, income-producing property in one of Central Florida's fastest-growing markets. Schedule your private showing today!
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Additional Information
- Taxes
- $3322
- Community Features
- No Deed Restriction
- Zoning
- R-3
- Interior Layout
- Primary Bedroom Main Floor
- Interior Features
- Primary Bedroom Main Floor
- Utilities
- BB/HS Internet Available, Cable Available, Electricity Connected, Sewer Connected, Water Connected
- Heating
- Central, Electric
- Air Conditioning
- Central Air, Attic Fan
- Exterior Construction
- Stucco
- Exterior Features
- Fence, Private Entrance
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Garage Carport
- 4 Car Carport
- Flood Zone Code
- X
- Parcel ID
- 25-28-11-336500-017140
- Legal Description
- AUBURNDALE HGTS PB 2 PG 13 BLK 17 LOT 14
Listing courtesy of IAD REAL ESTATE. 407-720-0020
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