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517 OAK St, Auburndale, FL 33823

Beds
6
Baths
5
Sqft
930

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Listed byIAD Real Estate
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Overview

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!

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
6
Number of bathrooms
5
Square feet
930
Lot size (acres)
0.19
Year built
1930

Interior features

Laundry
None

Exterior features

Horse amenities
Stable

Utilities

Heating
Electric, Central
Cooling
Central Air
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2025)
$3,322.40

Public schools

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Sourced from: Stellar MLS MLS®#: O6422402 Last checked:

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