AUBURNDALE INVESTMENT OPPORTUNITY • TWO SEPARATE RESIDENCES • $2,900/MONTH CURRENT GROSS RENTAL INCOME • APPROX. $80,000 IN IMPROVEMENTS • ALSO AVAILABLE FOR LEASE • SELLER MOTIVATED!
Welcome to 517 Oak St, Auburndale, FL 33823, an income-producing property featuring two separate residences/living spaces and established rental income. The 4-bedroom, 3-bath residence is currently leased at $1,500/month, and the 2-bedroom, 2-bath residence is currently leased at $1,400/month, generating combined current gross rental income of $2,900/month ($34,800 annually).
The owner reports approximately $80,000 in renovations and improvements, creating an attractive opportunity for investors seeking a property with existing rental income and multiple living spaces. Sale is subject to applicable existing lease terms.
ADDITIONAL LEASE OPTION: Property is also offered for lease at $2,900/month, subject to existing leases, availability, lease terms, application requirements, and approval. Ask for complete lease and occupancy details.
Conveniently located in Auburndale, Florida, with access to I-4, Lakeland, Winter Haven, Orlando, and Tampa, along with shopping, dining, schools, medical facilities, employment centers, and other Central Florida amenities.
ALTERNATIVE HOMEOWNERSHIP OPTION: A separate bank-funded lease-to-own/homeownership program may also be available through a third-party provider for qualified applicants. Depending on program guidelines, alternative income documentation may be available, which may include recent bank statements rather than relying solely on traditional tax-return documentation.
Program availability, income documentation, credit standards, required funds, occupancy requirements, property eligibility, terms, and final approval are determined solely by the participating third-party provider. This is not seller financing, and approval is not guaranteed. Ask for complete program details and qualification requirements.
SELLER MOTIVATED! Property and lease information available upon request.
Buyer and buyer's agent are encouraged to independently verify property use/classification, zoning, measurements, rental income, existing lease information, occupancy, program eligibility, and all other information deemed important.
INVEST • LEASE • OR EXPLORE AN ALTERNATIVE PATH TO HOMEOWNERSHIP — SCHEDULE YOUR SHOWING TODAY!
Property Details
- Interior
- Ceiling Fans(s)
- Heating
- Central, Electric
- Cooling Features
- Central Air
- Bedrooms
- 3
- Bathrooms
- 2.5
- Full Baths
- 2
- Half Baths
- 1
- Stories
- 1
- Acres
- 0.19
- Square Feet
- 950.0
- Parking Spaces
- 4
- Parking Type
- Carport
- Parking Carport Spaces
- 4.0
- Property Type
- Purchase
- Year Built
- 1930
- Foundation
- Slab
- Roof
- Shingle
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- BB/HS Internet Available, Cable Available, Electricity Available
- Appliances
- Cooktop, Microwave, Range, Refrigerator
- Subdivision
- AUBURNDALE HEIGHTS
- County
- Polk
- Region
- AUBURNDALE
- Zoning
- R-3
- Original List Price
- $389,900
- Days on Market (Cumulative)
- 66
- Taxes Annual
- $3,322
- Ownership
- Fee Simple
- MLS #
- O6422400
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: George Fleischmann | AveNew Realty
Provided By
Listed by Merly Esgro (#MFR281527194)
Listing Office: IAD REAL ESTATE (#MFR279665421)
