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For more information on this property, contact Jon Smith at 415-200-8584 or

221 W 3Rd Avenue
Mount Dora, Florida FL 32757-5552
Price: $2,500,000
Listing ID G5060961
Status Active
Bedrooms 2
Total Baths 2
SqFt 10,900
Acres 0.620
Subdivision Mount Dora Topkins Blks 06 & 07
Year Built 1973

Property Description:

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 within walking distance 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!

Primary Features

County: Lake
Property Sub Type: Multi-Family
Property Type: Residential Income
Subdivision: Mount Dora Topkins Blks 06 & 07
Year Built: 1973
Zoning: R-3


Additional Rooms: Inside Utility
Appliances: Dishwasher, Range, Range Hood, Refrigerator
Building Area Units: Square Feet
Cooling Type: Central Air
Fireplace: no
Flooring: Carpet, Tile
Furnished: Unfurnished
Heating Type: Central
Interior Features: Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Walk-In Closet(s)
Laundry Features: Inside
Living Area Meters: 1012.64
Living Area Source: Public Records
Living Area Units: Square Feet
Spa: no


Carport: yes
Carport Spaces: 4
Construction Materials: Block, Stucco
Exterior Features: Irrigation System, Lighting, Private Mailbox, Rain Gutters
Foundation Details: Slab
Garage: no
Homestead: no
Lot Features: Corner Lot, Historic District, City Limits, Near Marina, Near Public Transit, Paved
Lot Size Dimensions: 100x100
Lot Size SqFt: 27152
Lot Size Square Meters: 2523
Number Of Units Total: 8
Other Structures: Storage
Parking Features: Assigned
Patio And Porch Features: Covered, Deck, Porch, Rear Porch
Pool Private: no
Property Condition: Completed
Road Surface Type: Paved
Roof: Shingle
Sewer: Public Sewer
Total Acreage: 1/2 to less than 1
Total Number of Buildings: 2
Unit Count: 1
Utilities: Cable Connected, Electricity Connected, Sewer Connected, Sprinkler Meter, Water Connected
View Type: Water
Water Access: no
Water Extras: no
Water Source: Public
Water View: yes
Water View Type: Lake - Chain of Lakes
Waterfront: no


Association: no
Association Approval Required: no
Building Area Source: Public Records
Building Area Total: 11812
Community Development District: no
Country: US
Flood Zone Code: X
MLS Area Major: 32757 - Mount Dora
Township: 19S


Annual Expenses: 34820
Annual Net Income: 87159.28
Auction Prop Access: no
Available For Lease: yes
Current Price: 2500000.00
Estimated Annual Market Income: 192000.00
Financial Data Source: Owner
Gross Income: 121980
Lease Term: Twelve Months
Listing Terms: Cash, Conventional
Minimum Lease: 1-2 Years
Other Exemptions: no
Ownership: Fee Simple
Special Listing Conditions: None
Tax Annual Amount: 12540.66
Tax Block: 007
Tax Book Number: 5-7
Tax Lot: 14
Tax Year: 2022
Tenant Pays: Electricity
Total Actual Rent: 8712
Total Monthly Expenses: 1956

Zoning Info

Listing information courtesy of Era Grizzard Real Estate.

Listing information ©My Florida Regional MLS DBA Stellar MLS 2022. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. 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 for consumer 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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Data last updated on Wednesday, December 7th, 2022 at 08:47:03 AM.

Contact - Listing ID G5060961

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Jon Smith

100 Beach Dr NE, Suite 101
St Petersburg, FL 33701
Phone: 415-200-8584

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