517 OAK ST, AUBURNDALE, FL, 33823
$389,900
Residential Income
Bedrooms
6
Bathrooms
5
Living Area
930 Sqft
Lot Size
8,111 Sqft
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!
Property Details
Property Features Property Features
MLS ID: MFRO6422402 Year Built: 1930
Construction Materials: Stucco Cooling: Central Air, Attic Fan
Country: US County Or Parish: Polk
Exterior Features: Fence, Private Entrance Financial Data Source: Owner
Foundation Details: Slab Heating: Central, Electric
Laundry Features: None Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Conventional, Lease Purchase, Private Financing Available Other Equipment: Private Entrance
Property Sub Type: Duplex Property Type: Residential Income
Road Surface Type: Paved Roof: Shingle
Sewer: Public Sewer Showing Requirements: Appointment Only, Do Not Contact Tenants, See Remarks, ShowingTime
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Sewer Connected, Water Connected
Water Source: Public
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