517 OAK STREET
Auburndale, FL, 33823 $ 389,900
Bedrooms5 Baths4.0 Sq 2,159 Monthly Estimate*
$ 2,462
for $389,900 with 5 bedrooms and 4 full baths. This 2,159 square foot apartment was built in 1930 on a lot size of 0.19.
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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FeaturesGeneralSewer Public Sewer
Heating Central Electric
Cooling Central Air
Utilities BB/HS Internet Available Cable Available Electricity Available
Roof Shingle
Appliances Cooktop Microwave Range Refrigerator
Zoning R-3
Construction Materials Stucco Wood Frame
Year Built 1930
Levels One
Property Subtype 1/2 Duplex
Tax Year 2025
Ownership Fee Simple
County Polk
New Construction false
Property Type Residential
Subdivision Name AUBURNDALE HEIGHTS
Facing Direction East
Garage Y/N false
Total Rooms 3
Full Baths 4
Status Active
Directions 6th ST NW (Hwy 17 N) left on Havendale Blvd (544) to Magnolia. Make left on Oak house on left.
City AUBURNDALE
Senior Community Y/N false
MLS Area 33823 - Auburndale
Lot Size Units Square Feet
Lot Size Square Feet 8111
Carport Spaces 4
Carport Y/N true
Land Lease Y/N false
Tax Annual Amount 3322.4
Home Warranty Y/N false
Additional Parcels Y/N false
Lease Considered Y/N true
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 14
Legal Description AUBURNDALE HGTS PB 2 PG 13 BLK 17 LOT 14
Minimum Lease 1-7 Days
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
In Law Suite YN false
DockY/N false
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InteriorInterior Amenities Ceiling Fan(s)
Flooring Luxury Vinyl
Furnished Y/N Unfurnished
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 0
Laundry Features None
Total Bedrooms 5
Total Baths 4
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ExteriorExterior Amenities None
Water Source Public
Lot Size Area 8111
Foundation Details Slab
Building Area Total 2159
Lot Dimensions 57 x 143
Lot Size Acres 0.19
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
Covered Spaces 4
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* Excluded FeaturesList Bymerlyesgrobuyandsell@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,462
- Monthly Property Taxes
- $277
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyAbout Auburndale, FL 16,044 Population
25% Since 2002
$ 47,558 Median Income
40.42 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/5/2026 | $389,900 | | Listed Price |