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517 Oak St
For Sale $359,000 ($377.89 per Sq Ft)
$359,000 ($377.89 per Sq Ft)
- 3 Bedrooms
- 2 Bathrooms
- 950 Sq Ft
- 8,111 Sq Ft
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!
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $359,000 |
| Property Type | Single Family Homes |
| Usable Sqft | 950 |
| Number of Stories | 1 stories |
| Parking Spots | 4 spots |
| Year Built | 1930 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 252811336500017140 |
| MLS # | O6422400 |
| Property ID | 322986868 |
| Lot Sqft | 8,111 |
| Zoning | R-3 |
| Days on Market | 42 |
| Original List Price | $389,900 |
| Applicances | Cooktop, Microwave, Range, Refrigerator% |
| Date Updated | August 01, 2026 |
| Date Created | July 05, 2026 |
Listing Provided By
Merly Esgro an agent of .
© 2026 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of August 01, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT