MLS® ID: O5772864

708 FLORIDA AVENUE

MOUNT DORA, Florida, 32757

$59,000 Pending
  • 3 Beds
  • 1 Baths
  • 838 SQFT
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.
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Listing courtesy of CENTRAL TOWER PROPERTIES

Amenities

  • Full baths
    1
  • Half baths
    0
  • Full Baths Range
    1 Bath
  • Total Baths
    1
  • Zip
    32757
  • Office name
    CENTRAL TOWER PROPERTIES
  • Subdivision
    MOUNT DORA ROBINSONS
  • SQFT
    838
  • Bedrooms
    3
  • Property type
    Residential
  • Zoning type
    R-2
  • Year built
    1930
  • Lot size
    0.12
  • Waterfront
    No
  • Heating
    None
  • Tax year
    2018
  • Agent name
    Cardiff Howell
  • Tax amount
    $ 476.0
  • Purchase Type
    Active
  • Price Range
    < $100k
  • Square Feet Range
    < 1000 sq ft.
  • Area
    32757 - Mount Dora
  • Bedrooms Range
    3 Beds
  • Year Built Range
    1989 (and earlier)
  • Office ID
    53170
  • Agent ID
    261011369

Location

Virtual Tours

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