1510 DERBY AVE, AUBURNDALE, FL, 33823
$199,900
Residential
Bedrooms
6
Bathrooms
3
Living Area
1,584 Sqft
Lot Size
35,497 Sqft
IF YOU'RE A SAVVY INVESTOR, look no further! Excellent INVESTMENT opportunity! THREE HOMES FOR THE PRICE OF ONE! 2 RENOVATED rental homes with the potential of a 3rd home. Unlock incredible potential with this rare multi-property opportunity in Auburndale, FL! Includes a total of THREE single-family homes (a 1BR/1BA - located in the front left of the lot, a 2BR/1BA - located in the front right of the lot, and 3 BR/1BA - located towards the rear of the lot). 2 out of 3 homes have been FULLY RENOVATED with NEW AC mini-splits, NEW ROOF, new vinyl siding, new septic tank, drain fields and tankless water heaters. The 3/1 property is leased for $1,250 month/month. The 1/1 property is vacant and available for lease $1,000/month as of October, 2025. The 2/1 property is vacant/needs TLC, and may be rebuilt with a "renovation" permit. Very generous sized lot with ample parking spaces for each house, plus possible storage available. Seller can provide financing up to 70% of the sale amount on this property. Should you desire MORE cash flow, the adjacent property is also available for sale. The parcel includes a commercial building with front business space and two 1 bedroom apartments in the rear, all recently renovated as well. Current rents/price = over 11% return! With far higher future potential! NO HOA! Potential to live in one, and rent the rest! With its prime location just minutes from downtown Auburndale, scenic lakes, restaurants, and shopping, this property offers endless possibilities for investors, developers, or visionaries looking to capitalize on the area’s growth. Live in one and rent the other two. Seller financing and private financing available. Don’t miss your chance, this one won’t last!
Property Details
Property Features Property Features
MLS ID: MFRP4936118 Year Built: 1947
Appliances: Other, Range, Refrigerator Architectural Style: Other
Basement: Other Community Features: Street Lights
Construction Materials: Block, Concrete, Other, Stucco Cooling: Central Air
Country: US County Or Parish: Polk
Direction Faces: South Exterior Features: Lighting, Other, Private Mailbox, Sidewalk, Storage
Fencing: Other Flooring: Laminate, Other, Tile
Foundation Details: Other, Slab Furnished: Unfurnished
Heating: Central, Electric Horse Amenities: None
Laundry Features: Common Area, Electric Dryer Hookup, Inside, Laundry Room, Other, Washer Hookup Levels: One
Listing Agreement: Exclusive Right To Sell Listing Terms: Cash, Other, Owner Financing, Private Financing Available
Lot Features: Cleared, City Limits, Landscaped, Level, Near Public Transit, Oversized Lot, Sidewalk, Paved Occupant Type: Tenant
Other Structures: Additional Single Family Home, Other, Shed(s) Parking Features: Covered, Driveway, Garage Door Opener, Ground Level, Guest, Off Street, On Street, Open, Other, Parking Pad
Patio And Porch Features: Covered, Other, Patio, Porch Possession: Close Of Escrow
Property Condition: Completed Property Sub Type: Single Family Residence
Property Type: Residential Road Surface Type: Asphalt, Other, Paved
Roof: Other, Shingle Security Features: Smoke Detector(s)
Sewer: Septic Tank Showing Requirements: Combination Lock Box, Go Direct, See Remarks, ShowingTime
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: BB/HS Internet Available, Electricity Available, Electricity Connected, Other, Public, Sewer Available, Sewer Connected, Underground Utilities, Water Available, Water Connected
Vegetation: Trees/Landscaped View: City, Garden, Trees/Woods
Water Source: Public
Rooms Rooms
Kitchen: Living Room:
Primary Bedroom:
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