5550 HURON ST Active Save Request In-Person Tour Request Virtual Tour
Mount Dora,FL 32757
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,041 sqft
Price per Sqft $143
Subdivision Tangerine
MLS Listing ID O6230221
HOA Y/N No
Originating Board Stellar MLS
Year Built 1920
Annual Tax Amount $4,283
Lot Size 0.510 Acres
Acres 0.51
Property Description
Rare opportunity to own a CASH FLOWING QUADRUPLEX at a 6.7% cap rate with VALUE ADD. Excellent location near charming and sought-after growing Mount Dora, Florida. This unique property at 5550 Huron Street offers a total of 3041 square feet of living space on an expansive 22408 square foot lot. Each of the four units features individual wall-mounted air conditioning units, well-appointed kitchens, private entrances, and mailboxes for added convenience. Unit 1 boasts fresh new carpet, new bathroom tile. New shared laundry shed with new washer and dryer. Nestled in a tranquil and well-maintained neighborhood, this quadruplex boasts a large and impeccably manicured yard, providing a serene outdoor space for residents to enjoy. Ample street parking and dedicated parking directly in front of each unit ensure hassle-free parking for all occupants. With a consistent annual income of $41,700 and low property maintenance, this property presents an exceptional opportunity for rental growth, and improvements. The electrical system is up to date as of 2024, offering peace of mind to the future owner. Conveniently located just minutes away from boutique shopping, waterside restaurants, and renowned "modernism" museums in downtown Mount Dora, this quadruplex is perfectly positioned to give residents a vibrant and diverse lifestyle. Mount Dora is a thriving area of Orange County, known for its scenic lakes, annual festivals, and diverse culinary scene, making it a highly desirable community for residents and investors alike. Don't miss this incredible opportunity to add a valuable asset to your portfolio in the rapidly growing Mount Dora area.
Location
State FL
County Orange
Community Tangerine
Zoning R-2
Interior
Interior Features Ceiling Fans(s),Walk-In Closet(s),Window Treatments
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace true
Laundry Other
Exterior
Exterior Feature Rain Gutters
Utilities Available Cable Available,Electricity Available,Electricity Connected,Natural Gas Connected
Roof Type Metal
Garage false
Private Pool No
Building
Lot Description Oversized Lot
Entry Level One
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Septic Tank
Water Public
Structure Type Wood Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash,Conventional,FHA
Listing Terms Cash,Conventional,FHA
Special Listing Condition None