7306 EARLWOOD AVENUE

7306 EARLWOOD AVENUE Mount Dora, Florida 32757 United States

Own a piece of Mount Dora history with a 7.1% cap rate! 7 minutes from Historic Downtown Mount Dora sits this 6 unit (fully occupied) cash flow property with C1 Zoning. Continue producing over $57,000 NET INCOME/year on this fully leased cash cow, or travel down a different road with possible AirBNB or Bed & Breakfast opportunities. Piece of mind is invaluable, but will surely add value to this fully renovated property. New roof as of 2021, all 30+ windows were replaced in 2021 (saving you over $35,000 in replacement costs), all units have newer A/C's, Sherwin Williams paint coats the exterior since 2021, 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, brand new awnings installed in 2020, and a new deck was built in back in 2019. Many of the units feature new flooring as of 2019/2020 and every unit has new appliances as of 2020 (6 new refrigerators, 6 new dishwashers, 6 new ranges, 6 new microwaves). Newer 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 with great tenants. 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. Do not disturb the tenants. Do not walk property without permission from the listing agent.

Source : MFRMLS DBA Stellar MLS

Listing Courtesy of OPTIMA ONE REALTY, INC.

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