517 Oak Street, Auburndale, FL 33823
- $359,000
- 3
- BD
- 2
- BA
- 950
- SqFt
- List Price
- $359,000
- Status
- Active
- Days on Market
- 23
- Price Change
- ▼ $10,000 1784921118
- MLS#
- O6422400
- Property Style
- Single Family
- Year Built
- 1930
- Bedrooms
- 3
- Bathrooms
- 2
- Living Area
- 950
- 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
Residential Investment Opportunity with Mother-in-Law Suite | Fully Leased | Immediate Cash Flow | Auburndale, FL Excellent income-producing property with immediate rental income! This well-maintained residential investment features two separate living spaces, making it an ideal opportunity for investors seeking strong cash flow in the growing Auburndale market. The property includes: Main Residence: 3 bedrooms, 2 bathrooms – currently leased for $1,500/month Mother-in-Law Residence: 2 bedrooms, 1 bathrooms – currently leased for $1,400/month Together, the property generates $2,900 month ($34,800 annually) in rental income with dependable tenants already in place, allowing the new owner to begin receiving rental income immediately after closing. The current owner has invested approximately $80,000 in renovations and improvements, helping minimize future maintenance while increasing the property's long-term value. Investment Highlights Fully leased with immediate cash flow Annual gross rental income of $34,800 Approximately $80,000 in recent upgrades Separate living spaces with excellent rental demand Reliable tenants already in place Low-maintenance investment opportunity Strong rental market in Polk County Convenient access to I-4, Lakeland, Winter Haven, Orlando, and Tampa Close to shopping, restaurants, schools, medical facilities, parks, and major employers Whether you're completing a 1031 Exchange, expanding your investment portfolio, or purchasing your first income-producing property, this is an outstanding opportunity to own a cash-flowing asset in one of Central Florida's fastest-growing markets. Schedule your private showing today!
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Additional Information
- Taxes Annual
- $3322
- Minimum Lease
- 1-7 Days
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- R-3
- Interior Layout
- Ceiling Fans(s)
- Interior Features
- Ceiling Fans(s)
- Floor
- Luxury Vinyl
- Appliances
- Cooktop, Microwave, Range, Refrigerator
- Utilities
- BB/HS Internet Available, Cable Available, Electricity Available
- Heating
- Central, Electric
- Air Conditioning
- Central Air
- Exterior Construction
- Stucco, Frame
- Exterior Features
- None
- 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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