Open House
Fri Sep 04, 11:00am - 11:00pm
Sat Sep 05, 7:00am - 11:00pm
Sun Sep 06, 7:00am - 11:00pm
Mon Sep 07, 7:00am - 11:00pm
Tue Sep 08, 7:00am - 11:00pm
Thu Sep 03, 7:00am - 11:00pm
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Half Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 950 sqft
Price per Sqft $336
Subdivision Auburndale Heights
MLS Listing ID O6422400
Bedrooms 3
Full Baths 2
Half Baths 1
HOA Y/N No
Year Built 1930
Annual Tax Amount $3,322
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 57x143
Property Sub-Type Half Duplex
Source Stellar MLS
Property Description
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!
Location
State FL
County Polk
Community Auburndale Heights
Area 33823 - Auburndale
Zoning R-3
Interior
Interior Features Ceiling Fans(s)
Heating Central, Electric
Cooling Central Air
Flooring Luxury Vinyl
Furnishings Unfurnished
Fireplace false
Appliance Cooktop, Microwave, Range, Refrigerator
Laundry None
Exterior
Exterior Feature None
Utilities Available BB/HS Internet Available, Cable Available, Electricity Available
View Y/N No
Water Access No
Roof Type Shingle
Exposure East
Garage false
Private Pool No
Building
Story 1
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Stucco,Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Lease Purchase, Private Financing Available, VA Loan
Listing Terms Cash, Conventional, Lease Purchase, Private Financing Available, VA Loan
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6422400
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