6 Units Downtown Mount Dora, FL

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3 Duplex's - 6 Units - 2 Bed / 1 Bath / Built 1971

Purchase Price: $1,070,000

Market Value: $250k per unit / 1.5 million

Rehab Level: None - Light

Construction: Block / Slab

Electrical Panel: Updated, good condition

Air Conditioner: Mixed Ages, good condition

Water Heater: Mixed Ages, good condition

Roof: 2019

Occupancy: 4 Units Occupied 

                      2 Units used as Airbnb 

*Do not disturb occupants. Trespassing is a criminal offense. 

4 Units: 2 Bed / 1 Bath / 702 sqft / Rent $1,560

2 Units: 2 Bed / 1 Bath / 702 sqft / Airbnb $4,000

Purchase Price    1,070,000

Closing Cost             15,000

Rehab                                 0 

Annual Rents          170,880 

Tax, Insur.                - 12,000    

Net Income             $158,880

Est. Rental Return  15% ROI w/ 400k Equity

• Built 1971
• Lot Size .60 Acres 
• 1/2 mile to Downtown Restaurants & Shops
• Individually Metered for Power & Water
• Block on slab construction
• New exterior paint & landscaping
• Many other improvements already made 
• City water & City sewer

This is a terrific investment opportunity. The units are in great condition with no repairs needed. 4 Units are rented at $1,560 a month. 2 Units are used as Airbnb rentals at $1,000 per week. If you wanted to convert all units to Airbnb the returns would go through the roof. Units are easy walking distance from downtown Mt Dora and in an approved short term rental district.