517 OAK STREET, Auburndale, FL 33823

• 3 beds |
• 2 baths |
• 950 sqft

Property Description

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!

Listing Status:

Active

Date Added:

July 5, 2026

Data Last Updated:

July 27, 2026 at 1:23PM

Listing Office:

IAD REAL ESTATE : 407-720-0020

Listing Agent:

Merly Esgro : 689-316-3237

MLS ID:

O6422400

Interior

• General: Ceiling Fans(s)
• Appliances: CooktopMicrowaveRangeRefrigerator
• Laundry: None
• Flooring: Luxury Vinyl
• A/C: Central Air
• Heating: CentralElectric

Exterior

• General: None

Construction

• Roofing: Shingle
• General: StuccoFrameOneSlab

Location

• Road/Access: Asphalt
• Originating MLS: Stellar MLS
• County: Polk

Lot

• Zoning: R-3AUBURNDALE HGTS PB 2 PG 13 BLK 17 LOT 1425-28-11-336500-017140

Utilities

• Utilities: BB/HS Internet AvailableCable AvailableElectricity Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Fee Simple