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Garry Poulsen

garry.poulsen@lptrealty.com +1(954) 520-1630

$749,000

Est. payment - /mo

9 Beds

6 Baths

4,072 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,072 sqft

Price per Sqft $183

Subdivision Marots Add

MLS Listing ID G5117406

Bedrooms 9

HOA Y/N No

Year Built 1900

Annual Tax Amount $11,758

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Quadruplex

Source Stellar MLS

Property Description

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).

Location

State FL

County Orange

Community Marots Add

Area 32757 - Mount Dora

Zoning C-1

Interior

Interior Features Window Treatments

Heating Central

Cooling Central Air

Fireplace false

Laundry Laundry Room

Exterior

Exterior Feature Courtyard

Utilities Available BB/HS Internet Available

View Y/N No

Water Access No

Roof Type Metal

Garage false

Private Pool No

Building

Foundation Crawlspace

Lot Size Range 0 to less than 1/4

Sewer Septic Tank

Water Public

Structure Type Frame

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Owner Financing

Listing Terms Cash, Conventional, Owner Financing

Special Listing Condition None

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Listed by Tony Stanley OPTIMA ONE REALTY, INC.

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Garry Poulsen

+1(954) 520-1630

Agent License ID: SL3112460

7306 EARLWOOD AVE Mount Dora, FL 32757

Garry Poulsen

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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7306 EARLWOOD AVE