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7306 Earlwood Avenue
Mount Dora, Florida FL 32757-7177
Price: $800,000
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Listing ID: G5060487
Status: Active
Bedrooms: 9 Bed
Total Baths: 6 Bath
SqFt: 3,806 Sq Ft
Acres: 0.120 Acres
Subdivision: Marots Add
Year Built: 1878

Own a piece of Mount Dora history! 7 minutes from Historic Downtown Mount Dora sits this 6 unit (fully occupied) cash flow property with C1 Zoning. Continue producing over $57,000 NET INCOME/year on this fully leased cash cow, or travel down a different road with possible AirBNB or Bed & Breakfast opportunities. Piece of mind is invaluable, but will surely add value to this fully renovated property. New roof as of 2021, all 30+ windows were replaced in 2021 (saving you over $35,000 in replacement costs), all units have newer A/C's, Sherwin Williams paint coats the exterior since 2021, Entire interior was painted in 2020, New bathrooms including vanities and shower units have been installed in 2020, All new exterior doors were installed in 2020, brand new awnings installed in 2020, and a new deck was built in back in 2019. Many of the units feature new flooring as of 2019/2020 and every unit has new appliances as of 2020 (6 new refrigerators, 6 new dishwashers, 6 new ranges, 6 new microwaves). Newer Washer & Dryer in the building utility room. Lots of character in this property; a true asset to own and a great ROI at current list price! Property is professionally managed with great tenants. Owner is retiring and passing on the opportunity. Passive income with a worry free property is very hard to come by in this market. THIS is your chance to take over a sure thing. Showings by appointments only, with qualified buyers only. Do not disturb the tenants. Do not walk property without permission from the listing agent.

Primary Features

County: Orange
Price Before Reduction: 850000
Price Reduction Date: 2022-11-04T18:46:09+00:00
Property Sub Type: Multi-Family
Property Type: Residential Income
Subdivision: Marots Add
Year Built: 1878
Zoning: C-1

Interior

Building Area Units: Square Feet
Cooling Type: Wall/Window Unit(s)
Fireplace: no
Heating Type: Wall Units / Window Unit
Interior Features: Ceiling Fans(s)
Living Area Meters: 353.59
Living Area Source: Public Records
Living Area Units: Square Feet

External

Carport: no
Construction Materials: Stucco, Wood Frame
Exterior Features: Awning(s), Balcony, Lighting
Foundation Details: Crawlspace
Garage: no
Homestead: no
Lot Size SqFt: 5129
Lot Size Square Meters: 476
Number Of Units Total: 6
Pool Private: no
Road Surface Type: Asphalt
Roof: Metal
Sewer: Private Sewer
Total Acreage: 0 to less than 1/4
Total Number of Buildings: 1
Unit Count: 6
Utilities: Cable Available
Water Access: no
Water Extras: no
Water Source: Public
Water View: no
Waterfront: no

Location

Association: no
Community Development District: no
Country: US
Flood Zone Code: X
Flood Zone Panel: 12095C0020H
MLS Area Major: 32757 - Mount Dora
Township: 20

Financial

Annual Expenses: 29640
Annual Net Income: 57960.00
Current Price: 800000.00
Gross Income: 87600
Ownership: Fee Simple
Special Listing Conditions: None
Tax Annual Amount: 7611
Tax Block: 1
Tax Book Number: E-506
Tax Lot: 1
Tax Year: 2021
Total Actual Rent: 7300
Total Monthly Expenses: 2470

Zoning Info


Listing information courtesy of Optima One Realty, Inc..

Listing information ©My Florida Regional MLS DBA Stellar MLS 2022. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Data last updated on Saturday, December 3rd, 2022 at 01:24:23 PM.
#IDX-primaryPhoto,#idx-details-header Listed by: Optima One Realty, Inc. 352-243-6784

Contact - Listing ID G5060487

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Carla Lord

108 E Ft King
Ocala, FL 34471
Phone: 3523906009
Phone Alt: 3522666181
Fax: 3523908263

Data services provided by IDX Broker

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