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517 Oak Street, Auburndale, FL 33823

$359,000
  • 517 Oak Street, Auburndale, FL 33823 Main Photo

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Active Price Reduced by $10,000 on July 24th, 2026
BEDS3 BATHS2 full SQUARE FEET950 MLS#O6422400
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONAUBURNDALE HEIGHTS

Property Description

Residential Investment Opportunity with Mother-in-Law Suite | Fully Leased | Immediate Cash Flow | Auburndale, FLExcellent 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/monthMother-in-Law Residence: 2 bedrooms, 1 bathrooms - currently leased for $1,400/monthTogether, 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 HighlightsFully leased with immediate cash flowAnnual gross rental income of $34,800Approximately $80,000 in recent upgradesSeparate living spaces with excellent rental demandReliable tenants already in placeLow-maintenance investment opportunityStrong rental market in Polk CountyConvenient access to I-4, Lakeland, Winter Haven, Orlando, and TampaClose to shopping, restaurants, schools, medical facilities, parks, and major employersWhether 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!

517 Oak Street | MLS# O6422400

This single family home located at 517 Oak Street, Auburndale, FL 33823 is currently listed for sale with an asking price of $359,000. This property was built in 1930 and has 3 bedrooms and 2 full baths with 950 sq. ft. Oak Street is located in the AUBURNDALE HEIGHTS subdivision. Search AUBURNDALE HEIGHTS real estate on brookesmith.adamscameron.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central Air
Heating: Central, Electric
Lot Size: 0.19 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $3,322
Year Built: 1930

Amenities

Ceiling Fans(s)
None

Feature Descriptions

Appliances: Cooktop, Microwave, Range, Refrigerator
Days on Site: 22
Directions: 6th ST NW (Hwy 17 N), left on Havendale Blvd (544) to Magnolia. Make left on Oak, house on left.
Exterior: Stucco, Frame
Flood Zone Code: X
Flooring: Luxury Vinyl
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, Lease Purchase, Private Financing Available, VA Loan
Lot Dimensions: 0.19
Other Equipment: None
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Sewer: Public Sewer
Showing Instructions: Appointment Only, See Remarks, ShowingTime
Special Sale Provisions: None
Utilities: BB/HS Internet Available, Cable Available, Electricity Available
Water: Public
Water Access Y/N: No
Zoning: R-3

Room Sizes

Living Room: 14x16
Kitchen: 10x12
Primary Bedroom: 12x14

Listed By / Shown By

Listed By

Agency Name: IAD REAL ESTATE
Agency Contact: 407-720-0020

Shown By

Agent Name: Brooke Smith
Agent Phone: (217) 506-1789
Agency Title: Adams Cameron & Co. REALTORS

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Estimated Payment

$ 2,292.29 per month $1,910.75 Principal & Interest $276.83 Property Tax $104.71 Homeowner's Insurance

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