About 1510 Derby Avenue
IF YOU'RE A SAVVY INVESTOR, look no further! Excellent INVESTMENT opportunity! THREE HOMES FOR THE PRICE OF ONE! 2 RENOVATED rental homes with the potential of a 3rd home. Unlock incredible potential with this rare multi-property opportunity in Auburndale, FL! Includes a total of THREE single-family homes (a 1BR/1BA - located in the front left of the lot, a 2BR/1BA - located in the front right of the lot, and 3 BR/1BA - located towards the rear of the lot). 2 out of 3 homes have been FULLY RENOVATED with NEW AC mini-splits, NEW ROOF, new vinyl siding, new septic tank, drain fields and tankless water heaters. The 3/1 property is leased for $1,250 month/month. The 1/1 property is vacant and available for lease $1,000/month as of October, 2025. The 2/1 property is vacant/needs TLC, and may be rebuilt with a "renovation" permit. Very generous sized lot with ample parking spaces for each house, plus possible storage available. Seller can provide financing up to 70% of the sale amount on this property. Should you desire MORE cash flow, the adjacent property is also available for sale. The parcel includes a commercial building with front business space and two 1 bedroom apartments in the rear, all recently renovated as well. Current rents/price = over 11% return! With far higher future potential! NO HOA! Potential to live in one, and rent the rest! With its prime location just minutes from downtown Auburndale, scenic lakes, restaurants, and shopping, this property offers endless possibilities for investors, developers, or visionaries looking to capitalize on the area’s growth. Live in one and rent the other two. Seller financing and private financing available. Don’t miss your chance, this one won’t last!
Features of 1510 Derby Avenue
| MLS® # | P4936118 |
|---|---|
| Price | $199,900 |
| Bedrooms | 6 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 1,584 |
| Acres | 0.81 |
| Year Built | 1947 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Other |
| Status | Active |
Community Information
| Address | 1510 Derby Avenue |
|---|---|
| Area | Auburndale |
| Subdivision | AUBURN MOBILE PARK |
| City | AUBURNDALE |
| County | Polk |
| State | FL |
| Zip Code | 33823-4061 |
Amenities
| Parking | Covered, Driveway, Garage Door Opener, Ground Level, Guest, Off Street, On Street, Open, Other, Parking Pad |
|---|---|
| View | City, Garden, Trees/Woods |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Built-in Features, Eating Space In Kitchen, High Ceilings, L Dining, Living Room/Dining Room Combo, Open Floorplan, Other, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat |
|---|---|
| Appliances | Other, Range, Refrigerator |
| Heating | Central, Electric |
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Exterior Features | Lighting, Other, Private Mailbox, Sidewalk, Storage |
|---|---|
| Lot Description | Cleared, City Lot, Landscaped, Level, Near Public Transit, Oversized Lot, Sidewalk |
| Roof | Other, Shingle |
| Foundation | Other, Slab |
School Information
| Elementary | Auburndale Central Elem |
|---|---|
| Middle | Stambaugh Middle |
| High | Auburndale High School |
Additional Information
| Date Listed | September 5th, 2025 |
|---|---|
| Days on Market | 33 |
| Zoning | R-4 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | HUT TEAM REALTY |
|---|