Open House
Tue Jul 28, 11:00am - 11:00pm
Wed Jul 29, 7:00am - 11:00pm
Thu Jul 30, 7:00am - 11:00pm
Fri Jul 31, 7:00am - 11:00pm
Sat Aug 01, 7:00am - 11:00pm
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 950 sqft
Price per Sqft $377
Subdivision Auburndale Heights
MLS Listing ID O6422400
Bedrooms 3
Full Baths 2
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 Single Family Residence
Source Stellar MLS
Property Description
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!
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
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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