517 OAK ST Auburndale, FL 33823
6 Beds
5 Baths
930 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 930 sqft
Price per Sqft $419
Subdivision Auburndale Heights
MLS Listing ID O6422402
Bedrooms 6
HOA Y/N No
Year Built 1930
Annual Tax Amount $3,322
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 57x143
Property Sub-Type Duplex
Source Stellar MLS
Property Description
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!
Location
State FL
County Polk
Community Auburndale Heights
Area 33823 - Auburndale
Zoning R-3
Interior
Interior Features Primary Bedroom Main Floor
Heating Central, Electric
Cooling Central Air, Attic Fan
Fireplace false
Laundry None
Exterior
Exterior Feature Fence, Private Entrance
Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Sewer Connected, Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Stucco
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Lease Purchase, Private Financing Available
Listing Terms Cash, Conventional, Lease Purchase, Private Financing Available
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6422402
