$780,000

3011 Ernest Drive Auburndale, FL 33823 Multi Unit - Multiple Active

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Description

Exceptional opportunity to acquire a fully occupied six-unit multifamily investment consisting of 3 duplex buildings situated on approximately 0.40 acres in a high-demand growth corridor just off US-92. The property features all 2-bedroom, 2-bathroom units with newly updated interiors and new roofs, offering investors a turnkey asset with strong rental appeal and reduced near-term capital expenses. The property is fully occupied with long-term leased tenants in place, providing immediate and stable cash flow. Currently generating $6,600/month in rental income. Efficient operations with separately metered utilities, allowing tenants to pay all utilities directly and helping minimize landlord expenses. Each unit also features its own fully fenced private yard along with washer and dryer hookups, adding convenience, privacy, and increased tenant appeal.Strategically located only 1.5 miles from the US-92/FL-570 interchange with exposure to over 57,300 combined vehicles/ day, the property is surrounded by major national retailers and dining destinations including Walmart Supercenter, Lowe's, ALDI, Publix, Chili's, McDonald's, and more.With 3 duplex buildings, recent capital improvements, updated interiors, long-term tenants, and a prime location in an expanding retail and residential corridor, this property presents an outstanding investment opportunity for buyers seeking stable income, low-maintenance ownership, and long-term appreciation potential.

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Electric
Lot Size: 0.40 Acres
Roof Type: Shingle
Taxes: $9,911
Year Built: 1979

General Information

Bedrooms: 12
Sqft: 5,236
County: Polk
Subdivision: TROPICAL ACRES
Listed By:
Jonathan Pergerson FLOTACAL 941-888-0043

Amenities

Kitchen/Family Room Combo
Living Room/Dining Room Combo
Primary Bedroom Main Floor
Thermostat
Fence

Property Features

Annual Net Income: 72864.00
Days on Site: 10
Directions: Take I-4 East toward Orlando, then take Exit 44 toward FL-559/Auburndale. Continue south on FL-559, then turn onto US-92 East/New Tampa Hwy. From there, turn onto Ernest Dr in Auburndale.
Exterior: Block, Stucco
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Lease Terms: Twelve Months
Lot Dimensions: 0.4
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: Call Listing Agent
Special Sale Provisions: None
Utilities: Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
$780,000
12beds
5,236sqft
Active
BEDS12 BATHS SQUARE FEET5,236 MLS#A4694414
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONTROPICAL ACRES

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3011 Ernest Drive, Auburndale, FL 33823.

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Estimated Payment

$ 3,684.23 per month $2,630.81 Principal & Interest $825.92 Property Tax $227.50 Homeowner's Insurance

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