Residential Property - Single Family Residence in Auburndale
Listing Price: $359,000 (Mortgage Calculator →)
Description of Property
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!
Bedrooms: 3
Bathrooms: 2
Sq. Ft. Gross: 950
Garage: No
Carport: Yes4 vehicles
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Auburndale
County: Polk
Subdivision: Auburndale Heights
Bedrooms: 3
Bathrooms: 2
Sq. Ft. Gross: 950
Sq. Ft. Living Area: 950
Cost per (heated) sqare foot: $378
Year built: 1930
Annual Tax: $3,322
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances: Refrigerator
Flooring: Luxury Vinyl
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Construction: Wood Frame
Foundation: Slab
Roof: Shingle
Exterior Features: None
Carport: Yes
Carport Spaces: 4
Floors Total: 1
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Electric
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Size (acres): 0.19
Lot Size (sq. ft.): 8,111 square feet
Lot Dimensions: 57 x 143
Front Exposure: East
Legal Description & Other Information
Financing Available: VA Loan
Parcel Number: 252811336500017140
Zoning: R-3
Tax Legal Desc.: AUBURNDALE HGTS PB 2 PG 13 BLK 17 LOT 14
Section: 11
Range: 25
Listing courtesy of IAD REAL ESTATE. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.