Auburndale, FL, 33823 | $1,300,000

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.

Features

  • Units: 9
  • Lot Size: 140 x 120
  • Laundry: Inside
  • Year Built: 1985
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 6,588
  • Acreage: 2.07
  • Lot Size: 140 x 120
  • Est. Taxes: $2,344
  • MLS#: L4948174
  • Days on Market: 2 days
  • Website: https://www.raveis.com
    /prop/L4948174/_auburndale_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). 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. (last updated 10/22/2024 11:47:09 AM)
Listing courtesy of LA ROSA REALTY PRESTIGE   Phone: 863-940-4850

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888.699.8876

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

Auburndale, FL, 33823

$1,300,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,040,000 $1,040,000 $1,040,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.500% 6.500% 6.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.304% 6.636% 6.579%
Monthly Tax Payment $195 $195 $195
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,574 $6,574 $8,988
Total Monthly Payment $6,894 $6,894 $9,308

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.