221 W 3rd AvenueMount Dora, FL 32757MLS Number G5060961

  • Sale Price: $2,219,000
  • 236 Days Since Sale
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Federal 30-year interest rate: 6.77% last updated on Jul 18, 2024
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221 W 3rd Avenue Mount Dora FL 32757
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  • 16Bedrooms
  • 0.62Acreage
  • 16Bathrooms
  • 1973Year Built
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!
Listing Courtesy of ERA GRIZZARD REAL ESTATE

Listing Sold by COLDWELL BANKER VANGUARD EDGE

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More Info

Location Information

  • Road Frontage DescriptionPaved

Parking

  • Carport Spaces 4
  • Carport YN Yes
  • Parking Features Assigned

Basic Information

  • Property SubTypeMulti-Family
  • Special Listing Conditions None
  • Total Actual Rent $8,712
  • Virtual Tour URL Branded Click Here

Property

  • MFR Building Area Total Srch Sq M1,097
  • ZoningR-3

Utilities

  • Cooling Central Air
  • Heating Central
  • Laundry Features Inside
  • Sewer Public Sewer
  • Utilities Cable Connected, Electricity Connected, Sewer Connected, Sprinkler Meter, Water Connected
  • Water Source Public

Basic Information

  • Lease Term Twelve Months
  • List Price$2,500,000
  • MLS NumberG5060961
  • Mls Status Sold
  • Sale Date11/27/2023
  • Sale Price$2,219,000
  • StatusSLD

Building

  • Bathroom16
  • Construction Materials Block, Stucco
  • Foundation Details Slab
  • Patio And Porch Features Covered, Deck, Porch, Rear Porch
  • RoofShingle
  • Units8
  • Year Built1973

Interior

  • Flooring Carpet, Tile
  • Furnished Unfurnished

Amenities

  • Appliances IncludedDishwasher, Range, Range Hood, Refrigerator
  • Other AmenitiesWater View
  • Security Features Smoke Detector(s)

Water Body

  • MFR Water Access YN No
  • Water ViewYes

Other

  • Building Area Source Public Records
  • Date Listed09/23/2022
  • Gross Income $121,980
  • MFR Annual Expenses $34,820
  • MFR Annual Net Income $87,159
  • MFR Flood Zone Code X
  • MFR Minimum Lease 1-2 Years
  • Tenant Pays ["Electricity"]
  • View Water
  • View Count225

Tax Information

  • MFR Total Monthly Expenses $1,956
  • Tax Year 2022
  • Taxes$12,540

Rooms

  • Bedrooms16
  • MFR Additional Rooms Inside Utility

Location

  • Address221 W 3rd Avenue
  • AreaMount Dora
  • CountyLake
  • Exterior Features Irrigation System, Lighting, Private Mailbox, Rain Gutters
  • MFR Water View Lake - Chain of Lakes
  • StateFL
  • SubdivisionMount Dora Topkins Blks 06 & 07
  • TownMount Dora
  • Township 19S
  • Zip32757

Property Information

  • Acreage0.62
  • Building Area Total 11,812
  • Lot Description
    • City Limits
    • Corner Lot
    • Historic District
    • Near Marina
    • Near Public Transit
    • Paved
  • Lot Size Dimensions 100x100
  • Lot Size Square Feet 27,152
  • MFR Living Area Meters 1,012
  • MFR Lot Size Square Meters 2,523
  • MFR Total Acreage 1/2 to less than 1
  • Other Structures Storage
  • Property Condition Completed
  • Square Feet10,900
Fusilier Realty Group
Fusilier Realty Group
Office: 407-281-8455
10016 Wellness Way
Orlando, FL 32832

Based on information submitted to StellarMLS as of July 19, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or StellarMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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