$359,000
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!
3
Beds
⋅
2
Baths
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Auburndale Heights
SubDv.
⋅
33823
Zip Code
517 Oak Street, Auburndale