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7306 Earlwood Avenue

Mount Dora, FL 32757
  • $850,000
  • STATUS: Active
  • ON SITE: 22 Days
  • MLS #: G5060487
UPDATED: 36 min ago
$850,000
  • 9
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,806
    SQFT
  • $223
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1878
County:
Area:

School Ratings & Info

Description

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.

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© 2022 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. 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 consumers 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. Data last updated 2022-10-01T18:42:25.073.
www.armelrealestate.com/homes/132932826
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7306 Earlwood Avenue Mount Dora, FL 32757

  • Price: $850,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 36 min ago
  • MLS #: G5060487
9
Beds
0
Baths
0
½ Baths
0.12
Acres
3,806
SQFT
$223
$/SQFT
1878
Built
Neighborhood:
Marots Add
County:
Orange
Area:
Mount Dora
Property Description
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.
Exterior Features

Carport Yn No Construction Materials StuccoWood Frame Covered Spaces 0 Exterior Features Awning(S)BalconyLighting Foundation Details Crawlspace Open Parking YN No Pool Private Yn No Road Surface Type Asphalt Roof Metal Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Yn No Heating Wall Units / Window Unit Heating YN Yes Interior Features Ceiling Fans(S) Sewer Private Sewer Water Source Public

Property Features

Annual Expenses 29640 Annual Net Income 57960 Association Yn No Cdd Yn No Flood Zone Code X Garage Yn No Homestead Yn No New Construction Yn No Ownership Fee Simple Property Sub Type Multi-Family Senior Community Yn No Special Listing Conditions None Tax Annual Amount 7611 Total Annual Fees 0 Total Monthly Fees 0 Utilities Cable Available Zoning C-1


Listing information © 2022 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of Optima One Realty, Inc.: 352-243-6784.



© 2022 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. 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 consumers 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. Data last updated 2022-10-01T18:42:25.073.
 
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