$389,900

517 Oak Street Auburndale, FL 33823 Multi Unit - Multiple Active

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Description

Turnkey Duplex Investment Opportunity | Fully Leased | Strong Cash Flow | Auburndale, FLExceptional 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 HighlightsFully leased duplexImmediate rental incomeMonthly rental income of $2,900Approximately $80,000 in recent upgradesSeparate living spaces with excellent rental appealIdeal for investors seeking consistent incomeStrong rental market in Central FloridaConvenient access to I-4, Lakeland, Winter Haven, Orlando, and TampaExcellent addition to any real estate investment portfolioWhether 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 Highlights

Property Type: Multi Unit - Multiple
Cooling: Central Air, Attic Fan
Heating: Central, Electric
Lot Size: 0.19 Acres
Roof Type: Shingle
Taxes: $3,322
Year Built: 1930

General Information

Bedrooms: 6
Sqft: 930
County: Polk
Subdivision: AUBURNDALE HEIGHTS
Listed By:
Merly Esgro IAD REAL ESTATE 407-720-0020

Amenities

Primary Bedroom Main Floor
Fence
Private Entrance

Property Features

Annual Net Income: 34800.00
Days on Site: 1
Directions: 6th ST NW (Hwy 17 N), left on Havendale Blvd (544) to Magnolia. Make left on Oak, house on left.
Exterior: Stucco
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, Lease Purchase, Private Financing Available
Lot Dimensions: 0.19
Other Equipment: Private Entrance
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: Appointment Only, Do Not Contact Tenants, See Remarks, ShowingTime
Special Sale Provisions: None
Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: R-3
$389,900
6beds
930sqft
New to the Market Active
BEDS6 BATHS SQUARE FEET930 MLS#O6422402
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONAUBURNDALE HEIGHTS

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517 Oak Street , Auburndale, FL 33823.

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Estimated Payment

$ 1,705.62 per month $1,315.07 Principal & Interest $276.83 Property Tax $113.72 Homeowner's Insurance

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