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517 Oak Street

Auburndale, FL 33823
  • $389,900
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: O6422400
UPDATED: 68 min ago
$389,900
  • 5
    BEDS
  • 0.19
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,159
    SQFT
  • $181
    $/SQFT
Neighborhood:
Type:
Townhouse
Built:
1930
County:
Area:

School Ratings & Info

Description

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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© 2026 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2026-07-18T15:46:20.943.
www.djandlindseyrealestate.com/homes/178464613
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517 Oak Street Auburndale, FL 33823

  • Price: $389,900
  • Status: Active
  • On Site: 12 Days
  • Updated: 68 min ago
  • MLS #: O6422400
5
Beds
4
Baths
0
½ Baths
0.19
Acres
2,159
SQFT
$181
$/SQFT
1930
Built
Neighborhood:
Auburndale Heights
County:
Polk
Area:
Auburndale
Property Description
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!
Exterior Features

Carport Spaces 4 Carport Yn Yes Construction Materials StuccoWood Frame Covered Spaces 4 Direction Faces East Exterior Features None Foundation Details Slab Lot Size Dimensions 57 x 143 Pool Private Yn No Road Surface Type Asphalt Roof Shingle Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Yn No

Interior Features

Appliances CooktopMicrowaveRangeRefrigerator Building Area Total 2159 Cooling Central Air Cooling YN Yes Fireplace Yn No Flooring Luxury Vinyl Furnished Unfurnished Heating CentralElectric Heating YN Yes Interior Features Ceiling Fan(s) Laundry Features None Levels One Sewer Public Sewer Stories Total 1 Water Source Public

Property Features

Additional Parcels YN No Association Yn No Cdd Yn No Flood Zone Code X Garage Yn No Homestead Yn No Lease Considered YN Yes Lease Restrictions YN No Listing Terms CashConventionalLease PurchasePrivate Financing AvailableVA Loan Minimum Lease 1-7 Days Month To Month Or Weekly Yn No New Construction Yn No Occupant Type Tenant Ownership Fee Simple Property Sub Type 1/2 Duplex Senior Community Yn No Special Listing Conditions None Tax Annual Amount 3322.4 Total Annual Fees 0 Total Monthly Fees 0 Utilities BB/HS Internet AvailableCable AvailableElectricity Available Zoning R-3


Listing information © 2026 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of IAD REAL ESTATE: 407-720-0020.



© 2026 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2026-07-18T15:46:20.943.
 
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