517 Oak Street, Auburndale, FL 33823
Local realty services provided by:Better Homes and Gardens Real Estate Thomas Group
Listed by: merly esgro
Office: iad real estate
MLS#:O6422402
Source:MFRMLS
Price summary
- Price:$389,900
- Price per sq. ft.:$419.25
About this home
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!...
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Home facts
- Year built:1930
- Listing ID #:O6422402
- Added:3 day(s) ago
- Updated:July 09, 2026 at 12:30 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:5
- Bedroom Description:Primary Bedroom Main Floor
- Living area:930 sq. ft.
Heating and cooling
- Cooling:Attic Fan, Central Air
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1930
- Building area:930 sq. ft.
- Lot area:0.19 Acres
- Construction Materials:Stucco
- Exterior Features:Fence
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$389,900
- Price per sq. ft.:$419.25
- Tax amount:$3,322 (2025)
Features and amenities
- Amenities:BB/HS Internet Available, Cable Available, Primary Bedroom Main Floor
- Pool features:Public Pool
Parking
- Parking description:4 Car Carport
- Carport spaces:4
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