Listing provided courtesy of FLOTACALas Distributed by MLSGrid- MLS# MFRA4694414MLS Provider

3011 ERNEST DRIVEAUBURNDALE, FL 33823

Multi-Family · 12 Beds · 5,236 Sq. ft. | 0.40 Acres
$780,000 Active

3011 ERNEST DRIVE Overview

Time on Site:
41 days
Visits:
0

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.

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3011 ERNEST DRIVE Facts & Features

  • Type Multi-Family
  • Sq. ft. 5,236
  • Price/Sq.ft. $149
  • Lot 0.40 Acres

Details

General

Association/HOA

  • Association: No

Income/Expenses

  • Gross Income: 79200

Building Information

  • New Construction: No
  • Year Built: 1979

Location/Region

  • Country: US
  • County Or Parish: Polk
  • MLS Area Major: 33823 - Auburndale
  • Subdivision Name: TROPICAL ACRES
  • Township: 28

Rent/Lease Information

  • Lease Term: Twelve Months

Tax Information

  • Tax Annual Amount: 9911.84
  • Tax Year: 2025

General Information

  • Ownership: Fee Simple
  • Parcel Number: 25-28-09-321340-002160
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Total: 12
  • Bedrooms Total: 12

Building Interior

  • Building Area Units: Square Feet

General Information

  • Cooling: Central Air
  • Fireplace: No
  • Foundation Details: Slab
  • Heating: Electric
  • Interior Features: Kitchen/Family Room Combo,Living Room/Dining Room Combo,Primary Bedroom Main Floor,Thermostat
  • Laundry Features: Electric Dryer Hookup,Outside,Washer Hookup
  • Living Area: 5236
  • Living Area Source: Public Records
  • Living Area Units: Square Feet

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Acres: 0.4
  • Lot Size Dimensions: 177x100
  • Lot Size Square Feet: 17476
  • Road Surface Type: Asphalt
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Block,Stucco
  • Roof: Shingle

General Information

  • Carport: No
  • Exterior Features: Fence
  • Pool Private: No
  • Sewer: Public Sewer
  • Utilities: Sewer Connected,Water Connected

3011 ERNEST DRIVE Neighborhood

Community

33823 (AUBURNDALE) Demographics

40
Median Age
928
Population Density (per sq. mile)
28%
College Educated
$53,767
Estimated Median Income
8,119
Estimated Total Home Owners
3,452
Estimated Total Renters
70% / 30%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

3011 ERNEST DRIVE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

3011 ERNEST DRIVE Market Data

Based on the last 30 days in this zip code

$398,956
Average List Price
$200
Average Price per Square Foot
34
Properties Sold
121
Average Days on Market
340
Properties for Sale
Calculations provided by Reliance Network

3011 ERNEST DRIVE History

Date Event Value Agent
5/20/2026Source: My Florida Regional MLS Added to Database
May 20, 2026