Rare opportunity to own a VALUE ADD CASH FLOWING QUADRUPLEX at a 6.7% cap. Excellent location near charming and sought-after growing Mount Dora, Florida. This unique property at 5550 Huron Street offers a total of 3041 square feet of living space on an expansive 22408 square foot lot. Each of the four units features individual wall-mounted air conditioning units, well-appointed kitchens, private entrances, and mailboxes for added convenience. Unit 1 boasts fresh new carpet, new bathroom tile. New shared laundry shed with new washer and dryer. Nestled in a tranquil and well-maintained neighborhood, this quadruplex boasts a large and impeccably manicured yard, providing a serene outdoor space for residents to enjoy. Ample street parking and dedicated parking directly in front of each unit ensure hassle-free parking for all occupants. With a consistent annual income of $41,700 and low property maintenance, this property presents an exceptional opportunity for rental growth, and improvements. The electrical system is up to date as of 2024, offering peace of mind to the future owner. Conveniently located just minutes away from boutique shopping, waterside restaurants, and renowned "modernism" museums in downtown Mount Dora, this quadruplex is perfectly positioned to give residents a vibrant and diverse lifestyle. Mount Dora is a thriving area of Orange County, known for its scenic lakes, annual festivals, and diverse culinary scene, making it a highly desirable community for residents and investors alike. Don't miss this incredible opportunity to add a valuable asset to your portfolio in the rapidly growing Mount Dora area.
This property is $31.5K more than the Median Sold Price and $75/SqFt less than other homes in Mount Dora, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MFRMLS
MLS Number: #O6230221
Listing Office:
Office Name: COMPASS FLORIDA LLC
Listing Agent: Drew Belani
Listings courtesy of Stellar MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 8:19:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Nov 17, 2011
Nov 17, 2011Home Sold
$75,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$3,389
$194,857
2018
$3,042
$172,600
2017
$2,584
$124,716
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,239
Per Month
Principal & Interest
$2,172
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,371
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Zellwood Elementary School
3551 N Washington St
Distance between this listing and this school2.62 miles
Public District Grades PK-5
2
/10
Triangle Elementary School
1707 Eudora Rd
Distance between this listing and this school4.35 miles
Public District Grades PK-5
8
/10
Wolf Lake Elementary School
1771 W Ponkan Rd
Distance between this listing and this school5.64 miles
Public District Grades KG-5
Nearby Schools
3
/10
Mount Dora Middle School
1405 Lincoln Ave
Distance between this listing and this school3.09 miles
Public District Grades 6-8
8
/10
Round Lake Elementary School
31333 Round Lake Rd
Distance between this listing and this school3.59 miles
Public Charter Grades PK-8
5
/10
Wolf Lake Middle School
1725 W Ponkan Rd
Distance between this listing and this school5.91 miles
Public District Grades 6-8
Nearby Schools
4
/10
Mount Dora High School
700 N Highland St
Distance between this listing and this school2.69 miles
Public District Grades 9-12
5
/10
Lake Virtual Franchise
200 W Golf Links Ave
Distance between this listing and this school6.10 miles
Public District Grades KG-12
4
/10
Eustis High School
1300 Washington Ave
Distance between this listing and this school6.27 miles
The neighbors living near this home have an average income of $88,889. Typical income of Mount Dora, FL residents is between $100k-200k annually. Most families are married, no kids. The majority of residents in this area have post secondary degree education.
This home is located at 5550 Huron St in Mount Dora, FL and zip code 32757 in the Tangerine neighborhood. This 3,041 square foot home, which was built in 1920, sits on a 0.51 acre lot. It has been listed on Rocket Homes since August 06, 2024 and is currently priced at $435,000.
In November 2024 more than 1 listings in Mount Dora, FL were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 31 were sold below. Listings spent 72 days on the market in November 2024, and had a median list price of $403,500 during the same period.
From Rocket Homes Real Estate and based on county public records data.