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$780,000 Just Listed
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Property 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.
Full Property Details
Full Property Details for 3011 Ernest Dr
General
- Price: $780,000
- Taxes: $9,911 (2025)
- Status: Active
- Type: Duplex
- Source: MidFloridaRegionalMLS
- MLS ID: A4694414
- Updated: Today (5/21/2026)
- Added to Site: Today
Rental Information
- Lease/Rent Term: 12 Months
Interior
- Interior Features: Kitchen and Family Room Combination, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Thermostat
Rooms
Bathrooms
- Total Bathrooms: 12
Bedrooms
- Total Bedrooms: 12
Other Rooms
- Laundry: Electric Dryer Hookup, Outside, Washer Hookup
Exterior
- Exterior Features: Fenced
Location
- Area: 33823 - Auburndale
- County: Polk
- Development Name: 33823 - Auburndale
- Subdivision: TROPICAL ACRES
- Driving 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.
Community
- Community Name: 33823 - Auburndale
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Sewer Connected, Water Connected
Structural Information
- # Buildings: 3
- Exterior Const.: Block, Stucco
- Roof: Shingle
- Square Feet: 5,236
- Sq. Ft. Source: Public Records
- Year Built: 1979
Lot Features
- Lot Size (Acres): 0.4
- Lot Size (Sq. Ft.): 17,476
- Lot Size: 17476
- Lot Dimensions: 177 x 100
- Street/Road Desc.: Asphalt
Financial Considerations
- Tax Amount: $9,911.84
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: TROPICAL ACRES UNIT 2 PB 69 PG 4 BLK 2 LOT 16 & 17
- Flood Zone Info: X
- APN: 252809321340002160
- Property ID: 252809321340002160
- Block/Lot/Section: 2
Listed by Flotacal
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Price & Sales History for 3011 Ernest Dr
Date
Details
Price
Change
Source
5/21/2026
Listed
$780,000
19.08%
MLS
7/25/2024
Sold
$655,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3011 Ernest Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,912
107%
$605,880
107%
2024
$4,791
-28%
$292,608
-28%
2023
$6,684
131%
$403,920
69%
2021
$2,890
-57%
$238,366
-41%
2022
$6,771
134%
$405,706
232%
2021
$2,890
50%
$122,352
11%
2017
$1,928
—
$110,199
2%
2017
$1,928
5%
$107,877
7%
2016
$1,831
4%
$100,765
6%
2015
$1,759
-9%
$94,839
-13%
2019
$1,933
13%
$108,732
19%
2014
$1,713
-3%
$91,593
-1%
2013
$1,767
—
$92,689
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3011 Ernest Dr
3011 Ernest Drive, Auburndale, FL 33823 (MLS# A4694414) is a Duplex property with 12 bedrooms and 0 full bathrooms. 3011 Ernest Drive is currently listed for $780,000 and was received on May 21, 2026. Want to learn more about 3011 Ernest Drive? Do you have questions about finding other Duplex real estate for sale in Auburndale? You can browse all Auburndale real estate or contact a Coldwell Banker agent to request more information.

