MLS® ID: O5772864
708 FLORIDA AVENUE
MOUNT DORA, Florida, 32757 $59,000
Alert all investors! Flip or cash flow this investment property. Flip this property for quick investment. Substantially undervalued. Homes in the area are selling well over $130+ sq/ft. Major systems already done, quick and easy renovation. Or Cash flow this property!!! Double digit, >11%, IRR cash flow makes this investment a home run (based on 5-year hold renting at $700 a month see pictures for details). Based on the purchase price one could refinance or leverage this property for an IRR well into the 20% IRR, while taking out cash in hand for another investment. Less than half a dozen houses in Mount Dora IN THE LAST YEAR have sold for this price point, don’t lose out. The City of Mount Dora is the mecca for Lake County that host a number of events yearly like the Blueberry Festival, Freedom on the Waterfront, Seafood Festival, Spring Fest, Arts Festival, etc.