Homes for sale - 5550 HURON ST, Mount Dora, FL 32757

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$435,000

Est. payment - /mo

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3,041 SqFt

Price Dropped by $15K

5550 HURON ST Mount Dora, FL 32757

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Jerid Wempen

jerid@titanonerealty.com +1(720) 297-4020

UPDATED:

11/27/2024 08:17 PM

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

Listed by COMPASS FLORIDA LLC

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Jerid Wempen

Broker

+1(720) 297-4020