Cash Flowing Multi-family Opportunity in Historic Downtown Mount Dora! Don’t miss this unique opportunity to own historic downtown charm steps from the lively downtown scene. Your tenants will enjoy views of Lake Dora and be steps away of all the exciting downtown activities. Mount Dora’s growing entertainment & business district makes this property perfect for long- or short-term rentals. The complex is across the street from the Lakeside inn, the Olive Branch, and Magical Meat Boutique restaurants. The property features 2 buildings with 2 units upstairs and 2 units downstairs for a total of 4 units per building. The East building includes an attached carport with one space for each tenant. Each unit features an open living concept with a kitchen, dining room, living room, 2 bedrooms, 1.5 baths, walk-in closets, a laundry room, and a back porch to enjoy their view. The layout of all the units matches the layouts of the units in the pictures. Call today to take advantage of this exciting opportunity to own a part of Mount Dora's history and be a part of Mount Dora's future!
Sold for $2,219,000
Street View
$2,219,000
221 W 3rd Ave, Mount Dora, FL 32757
2beds
2baths
10,900sqft
Multi Family
Built in 1973
-- sqft lot
$2,572,600 Zestimate®
$204/sqft
$1,719 Estimated rent
Home value
$2,572,600
$2.06M - $3.22M
$1,719/mo
Zestimate® history
Owner options
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$1,719/mo
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$1,719/mo
Rent Zestimate®
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$14,836/mo
Est. payment
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$14,836/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Misty Noland 352-255-2502,
ERA GRIZZARD REAL ESTATE 352-735-4433
Bought with:
Barbara McGuire, 3431741
COLDWELL BANKER VANGUARD EDGE
Source: Stellar MLS,MLS#: G5060961
Originating MLS: Orlando Regional
Originating MLS: Orlando Regional
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Rooms
- Room types: Utility Room
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Range, Range Hood, Refrigerator
- Laundry: Inside
Features
- Ceiling Fan(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Walk-In Closet(s)
- Flooring: Carpet, Tile
- Has fireplace: No
Interior area
- Total structure area: 11,812
- Total interior livable area: 10,900 sqft
Property
Parking
- Total spaces: 4
- Parking features: Assigned
- Carport spaces: 4
Features
- Patio & porch: Covered, Deck, Porch, Rear Porch
- Exterior features: Irrigation System, Lighting, Private Mailbox, Rain Gutters
- Has view: Yes
- View description: Water, Lake
- Has water view: Yes
- Water view: Water,Lake
Lot
- Size: 0.62 Acres
- Dimensions: 100 x 100
- Features: Corner Lot, Historic District, City Lot, Near Marina, Near Public Transit
Details
- Additional structures: Storage
- Parcel number: 311927040000700100
- Zoning: R-3
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Block, Stucco
- Foundation: Slab
- Roof: Shingle
Condition
- Completed
- New construction: No
- Year built: 1973
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Sewer Connected, Sprinkler Meter, Water Connected
Community & HOA
Community
- Security: Smoke Detector(s)
- Pet fee: $0 monthly
- Subdivision: MOUNT DORA TOPKINS BLKS 06 & 07
HOA
- Has HOA: No
Location
- Region: Mount Dora
Financial & listing details
- Price per square foot: $204/sqft
- Annual tax amount: $12,540
- Date on market: 9/23/2022
- Cumulative days on market: 307 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Lease term: 12 Months
- Total actual rent: 8712
- Tenant pays: Electricity
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/27/2023 | Sold | $2,219,000-11.2%$204/sqft |
Source:  Stellar MLS #G5060961 Report a problem | ||
| 10/31/2023 | Pending sale | $2,500,000$229/sqft |
Source: Stellar MLS #G5060961 Report a problem | ||
| 9/15/2023 | Listed for sale | $2,500,000$229/sqft |
Source: Stellar MLS #G5060961 Report a problem | ||
| 7/25/2023 | Pending sale | $2,500,000$229/sqft |
Source: Stellar MLS #G5060961 Report a problem | ||
| 5/3/2023 | Listed for sale | $2,500,000$229/sqft |
Source: Stellar MLS #G5060961 Report a problem | ||
| 4/6/2023 | Pending sale | $2,500,000$229/sqft |
Source: Stellar MLS #G5060961 Report a problem | ||
| 4/5/2023 | Listed for sale | $2,500,000$229/sqft |
Source: Stellar MLS #G5060961 Report a problem | ||
| 3/24/2023 | Listing removed | -- |
Source: Stellar MLS #G5060961 Report a problem | ||
| 9/23/2022 | Listed for sale | $2,500,000$229/sqft |
Source: Stellar MLS #G5060961 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 32757
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Nearby schools
GreatSchools rating
- 2/10Triangle Elementary SchoolGrades: PK-5Distance: 2.1 mi
- 4/10Mt. Dora Middle SchoolGrades: 6-8Distance: 1.1 mi
- 5/10Mt. Dora High SchoolGrades: 9-12Distance: 0.7 mi
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Estimated market value
$2,572,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,572,600
- Florida
- Lake County
- Mount Dora
- 32757
- 221 W 3rd Ave
Nearby cities
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