7306 EARLWOOD AVE, MOUNT DORA, FL, 32757
$749,000
Residential Income
|
Bedrooms
9
|
Bathrooms
6
|
Living Area
4,072 Sqft
|
Lot Size
5,150 Sqft
|
7 minutes from Historic Downtown Mount Dora sits this 6 unit cash flow property with C1 Zoning. Continue producing over $60,000 NET INCOME/year on this cash cow, or travel down a different path with possible AirBNB or Bed & Breakfast opportunities. Piece of mind is invaluable, but will surely add value to this fully renovated property. The roof was replaced in 2021, all 30+ windows have been replaced (saving you over $35,000 in replacement costs), Sherwin Williams paint coats the exterior since 2019, 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, new awnings installed in 2020, and a new deck was built in back in 2019. Many of the units feature updated flooring as of 2019/2020 and every unit has 2020 appliances. 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 and able to transfer to the new owner. 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 and submitted Letter of Intent. Do not disturb the tenants. Seller financing Available at Full Price offer with minimum 15% down, 5 year balloon, 10% interest rate, 30 year amortization (This equates to a monthly payment of $5,587/month Principal & Interest only).
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRG5117406 | Year Built: | 1900 | |
| Construction Materials: | Frame | Cooling: | Central Air | |
| Country: | US | County Or Parish: | Orange | |
| Exterior Features: | Courtyard | Foundation Details: | Crawlspace | |
| Heating: | Central | Laundry Features: | Laundry Room | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Conventional, Owner Financing | |
| Property Sub Type: | Quadruplex | Property Type: | Residential Income | |
| Road Surface Type: | Paved | Roof: | Metal | |
| Sewer: | Septic Tank | Showing Requirements: | See Remarks | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | BB/HS Internet Available | |
| Water Source: | Public | |||
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