Cash Flowing Multi-family Opportunity in Historic Downtown Mount Dora! Don’t miss this unique opportunity to own historic downtown charm steps from the lively downtown scene. Your tenants will enjoy views of Lake Dora and be steps away of all the exciting downtown activities. Mount Dora’s growing entertainment & business district makes this property perfect for long- or short-term rentals. The complex is across the street from the Lakeside inn, the Olive Branch, and Magical Meat Boutique restaurants. The property features 2 buildings with 2 units upstairs and 2 units downstairs for a total of 4 units per building. The East building includes an attached carport with one space for each tenant. Each unit features an open living concept with a kitchen, dining room, living room, 2 bedrooms, 1.5 baths, walk-in closets, a laundry room, and a back porch to enjoy their view. The layout of all the units matches the layouts of the units in the pictures. Call today to take advantage of this exciting opportunity to own a part of Mount Dora's history and be a part of Mount Dora's future!
- Price:
- $2,500,000
- Bedrooms:
- 2
- Square Footage:
- 10,900
- Acreage:
- 0.62
- Year Built:
- 1973
- Listing ID #:
- MFRG5060961
- Street Address:
- 221 W 3rd Ave
- City:
- Mount Dora
- State:
- Florida
- Postal Code:
- 32757
- County:
- Lake
- Community:
- Mount Dora
- Subdivision:
- Mount Dora Topkins Blks 06 & 07
- Listing Status:
- Active
- Listing Type:
- Residential Income
- Approximate Total Liveable Area:
- 10900
- Building Condition:
- Completed
- Building Security:
- Smoke Detector(s)
- Construction Type:
- Block, Stucco
- Exterior Features:
- Irrigation System, Lighting, Private Mailbox, Rain Gutters
- Flooring:
- Carpet, Tile
- Foundation:
- Slab
- Furnished:
- Unfurnished
- Interior Features:
- Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Walk-In Closet(s)
- Number Of Units:
- 8
- Other Buildings:
- Storage
- Total # Of Buildings:
- 2
- Total Building Square Footage:
- 11812
- Type Of Roof:
- Shingle
- View:
- Water
- Year Built:
- 1973
- Annual Expenses:
- 34820
- Annual Income:
- 87159.28
- Gross Income:
- 121980
- Conforms To Zoning:
- R-3
- Federal Flood Zone:
- X
- Lot Features:
- Corner Lot, Historic District, City Limits, Near Marina, Near Public Transit, Paved
- Lot Square Footage:
- 27152
- Road Type:
- Paved
- Can Be Leased:
- 1
- Days On Market:
- 250
- Lease Terms:
- Twelve Months
- Minimum Lease Term:
- 1-2 Years
- On Market Date:
- 2022-09-23
- Originating Mls:
- Mfrmls
- Terms:
- Cash, Conventional
- Ownership:
- Fee Simple
- Property Taxes:
- $12,540
- Tax Year:
- 2022
- Tenant Pays:
- Electricity
- Carport Present:
- Yes
- Number Of Carport Spaces:
- 4
- Parking Description:
- Assigned
- Patio Description:
- Covered, Deck, Porch, Rear Porch
- Appliances:
- Dishwasher, Range, Range Hood, Refrigerator
- Cooling System:
- Central Air
- Existing Water:
- Public
- Heating:
- Central
- Laundry:
- Inside
- Sewage Type:
- Public Sewer
- Utilities:
- Cable Connected, Electricity Connected, Sewer Connected, Sprinkler Meter, Water Connected
- Water View:
- 1
- Water View Description:
- Lake - Chain Of Lakes
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: ERA GRIZZARD REAL ESTATE, 352-735-4433
