517 Oak StreetAuburndale, FL 33823Price: $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!