A remarkable opportunity to own this stunning piece of history in the beautiful historical city of Mount Dora, just a couple of miles from Down Town, close to all the restaurants, antique shops and festivities. Imagine owning this income producing property with tenants already in place and providing immediate income. This charming property offers 6 units, all with their own kitchen and bathroom. The roof and windows were replaced in 2021, all bathrooms and kitchens have been updated, painted, newer appliances and a small laundry area and attractive deck and garden area. The parking area was also resurfaced, allowing plenty of parking for all the tennats. This would also make a ideal Air B & B property, perfectly positioned for all the many tourists that visit Mount Dora each year.
Gross income of $88,800 a year ( before expenses ) 7 % + Cap Rate.
Unit 1: 2 Bed/1 Bath $1,375
Unit 2: 2 Bed/1 Bath $1,375
Unit 3: 2 Bed/1 Bath $1250
Unit 4: 2 Bed/1 Bath $1,300
Unit 5: 1 Bed/1 Bath $1,000
Unit 6: 1 Bed/1 Bath VACANT
7306 Earlwood AVENUE, Mount Dora, FL, 32757
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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