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517 OAK STREET

Multi-family For Sale
$359,000

BTC: 5.64465409

ETH: 188.68519531

-$31K (2026/07/24)
27 days
6 bds
930 sqft

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

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1930
Lot:
0.19 Acres
Heating:
Central / Electric
Price/sqft:
$386
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$3,322
2025
All facts and features
  • Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Other interior features

    • Attic Fan

    • Primary Bedroom Main Floor

    Bedrooms and bathrooms

    • Bedrooms: 6

  • Property

    • Exterior Features: Fenced / Private Entrance

    Lot

    • Lot: 0.19 Acres

    Other Property Information

    • Parcel Number: 252811336500017140

    • Zoning: R-3

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • BB/HS Internet Available

    • Cable Available

    • Electricity Connected

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $3,322

  • Source details

    • MLS ID: O6422402

    Other facts

    • Construction Materials: Stucco

    • Foundation Details: Slab

    • Laundry Features: None

    • Living Area: 930

    • Water Source: Public

    • Lot Size Dimensions: 57 x 143

    • Subdivision Name: AUBURNDALE HEIGHTS

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: IAD REAL ESTATE