517 Oak Street, Auburndale, FL 33823
Local realty services provided by:CENTURY 21 Real Estate Champions
Upcoming open houses
- Thu, Jul 3007:00 am - 11:00 pm
- Fri, Jul 3107:00 am - 11:00 pm
- Sat, Aug 0107:00 am - 11:00 pm
Listed by: merly esgro
Office: iad real estate
MLS#:O6422400
Source:MFRMLS
Price summary
- Price:$359,000
- Price per sq. ft.:$377.89
About this home
Residential Investment Opportunity with Mother-in-Law Suite | Fully Leased | Immediate Cash Flow | Auburndale, FL
Excellent income-producing property with immediate rental income! This well-maintained residential investment features two separate living spaces, making it an ideal opportunity for investors seeking strong cash flow in the growing Auburndale market.
The property includes:
Main Residence: 3 bedrooms, 2 bathrooms – currently leased for $1,500/month
Mother-in-Law Residence: 2 bedrooms, 1 bathrooms – currently leased for $1,400/month
Together, the property generates $2,900 month ($34,800 annually) in rental income with dependable tenants already in place, allowing the new owner to begin receiving rental income immediately after closing.
The current owner has invested approximately $80,000 in renovations and improvements, helping minimize future maintenance while increasing the property's long-term value.
Investment Highlights
Fully leased with immediate cash flow
Annual gross rental income of $34,800
Approximately $80,000 in recent upgrades
Separate living spaces with excellent rental demand
Reliable tenants already in place
Low-maintenance investment opportunity
Strong rental market in Polk County
Convenient access to I-4, Lakeland, Winter Haven, Orlando, and Tampa
Close to shopping, restaurants, schools, medical facilities, parks, and major employers
Whether you're completing a 1031 Exchange, expanding your investment portfolio, or purchasing your first income-producing property, this is an outstanding opportunity to own a cash-flowing asset in one of Central Florida's fastest-growing markets.
Schedule your private showing today!...
Contact an agent
Home facts
- Year built:1930
- Listing ID #:O6422400
- Added:24 day(s) ago
- Updated:July 30, 2026 at 03:41 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Luxury Vinyl
- Kitchen Description:Cooktop, Microwave, Range, Refrigerator
- Living area:950 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1930
- Building area:950 sq. ft.
- Lot area:0.19 Acres
- Construction Materials:Frame, Stucco
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$359,000
- Price per sq. ft.:$377.89
- Tax amount:$3,322 (2025)
Features and amenities
- Appliances:Cooktop, Microwave, Range, Refrigerator
- Amenities:BB/HS Internet Available, Cable Available, Ceiling Fans(s), Electricity Available
- Pool features:Public Pool
Parking
- Parking description:4 Car Carport
- Carport spaces:4
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