INCOME PROPERTY for Sale in AUBURNDALE, FLORIDA. Located in the charming city of Auburndale, Florida, this prime investment opportunity offers a well-established mobile home community featuring 9 fully occupied units and 2 buildable lots across 2.7 acres of land. One buildable lot is ideal for an additional mobile home, while the second lot provides the flexibility to develop either another mobile home or a single-family residence, giving you multiple avenues to increase your income stream. Spacious and well-maintained. Established community in a quiet, desirable location. This property is situated off Old Dixie Highway, just minutes from US Highway 92, offering easy access to Interstate 4 for a smooth commute to nearby cities like Lakeland, Winter Haven, and Orlando. The property is close to key local landmarks such as: Downtown Auburndale, with its charming shops and dining spots. Lake Myrtle Sports Complex, a hub for sports enthusiasts. Auburndale TECO Trail, perfect for outdoor activities. Walmart Supercenter, Publix, and other major retailers for everyday conveniences. Auburndale is known for its affordable property taxes, making it an attractive location for investors seeking solid returns. The property has a proven history of rental income from the 9 existing units, and the two additional lots which can add even more potential for growth. With its strategic location in a growing area of Polk County, this income property is well-positioned for long-term appreciation. Whether you're looking to expand your investment portfolio or enter the rental property market, this mobile home community presents a rare opportunity with low maintenance, low operating costs, and steady demand. Don’t miss this chance to own a multi-unit income property with development potential in beautiful Auburndale, FL.
This property is $974.9K more than the Median Sold Price and $8/SqFt more than other homes in Auburndale, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MFRMLS
MLS Number: #L4948174
Listing Office:
Office Name: LA ROSA REALTY PRESTIGE
Office Phone: (863) 940-4850
Listing Agent: Monica Harris PA
Listings courtesy of Stellar MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/25/2024, 10:49:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$6,556
Per Month
Principal & Interest
$6,489
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$3,964
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Fred Garner Elementary School
2500 Havendale Blvd NW
Distance between this listing and this school0.91 miles
Public District Grades PK-5
2
/10
Inwood Elementary School
2200 Avenue G NW
Distance between this listing and this school1.42 miles
Public District Grades PK-5
2
/10
Auburndale Central Elementary School
320 Lemon St
Distance between this listing and this school1.57 miles
Public District Grades PK-5
Nearby Schools
2
/10
Westwood Middle School
3520 Avenue J NW
Distance between this listing and this school0.70 miles
Public District Grades 6-8
2
/10
Jere L. Stambaugh Middle School
226 N Main St
Distance between this listing and this school2.17 miles
Public District Grades 6-8
6
/10
Cypress Junction Montessori
220 5th St SW
Distance between this listing and this school2.94 miles
Public Charter Grades PK-8
Nearby Schools
2
/10
Auburndale Senior High School
1 Bloodhound Trl
Distance between this listing and this school2.21 miles
Public District Grades 9-12
1
/10
New Beginnings High School
3425 Lake Alfred Rd
Distance between this listing and this school2.62 miles
Public Charter Grades 6-12
10
/10
Chain of Lakes Collegiate High School
999 Avenue H NE
Distance between this listing and this school3.76 miles
The neighbors living near this home have an average income of $42,778. Residents of Auburndale, FL typically earn between $35k-100k each year. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
This 6,588 square foot home, which was built in 1985, sits on a 2.07 acre lot. It has been listed on Rocket Homes since October 14, 2024 and is currently priced at $1,300,000.
Auburndale, FL housing market in November 2024 saw over 3 listings sold above listed price, more than 8 sold at listed price and over 22 sold below. Between October 2024 and November 2024, Auburndale, FL real estate market has seen increase in the number of listings by 3.1%. While the average time on the market in November 2024 was 61 days, the median list price was $325,042.
From Rocket Homes Real Estate and based on county public records data.