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!
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
Estimated Payment
$ 2,292.29 per month $1,910.75 Principal & Interest $276.83 Property Tax $104.71 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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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.