7306 EARLWOOD Avenue
Property Description
7 minutes from Historic Downtown Mount Dora sits this 6 unit cash flow property with C1 Zoning. Continue producing over $60,000 NET INCOME/year on this cash cow, or travel down a different path with possible AirBNB or Bed & Breakfast opportunities. Piece of mind is invaluable, but will surely add value to this fully renovated property. The roof was replaced in 2021, all 30+ windows have been replaced (saving you over $35,000 in replacement costs), Sherwin Williams paint coats the exterior since 2019, Entire interior was painted in 2020, New bathrooms including vanities and shower units have been installed in 2020, All new exterior doors were installed in 2020, new awnings installed in 2020, and a new deck for the courtyard was built in 2026. Many of the units feature updated flooring as of 2019/2020 and every unit has 2020 appliances. Washer & Dryer in the building utility room. Lots of character in this property; a true asset to own and a great ROI at current list price! Property is professionally managed and able to transfer to the new owner. Owner is retiring and passing on the opportunity. Passive income with a worry free property is very hard to come by in this market. THIS is your chance to take over a sure thing. Showings by appointments only, with qualified buyers only and submitted Letter of Intent. Do not disturb the tenants. Seller financing Available at Full Price offer with minimum 15% down, 5 year balloon, 10% interest rate, 30 year amortization (This equates to a monthly payment of $5,587/month Principal & Interest only).
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $749,000 |
| Year Built: | 1900 |
| Lot Size: | 4,072.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 9 |
| Number of Bathrooms: | 6 |
ID: 3yd-MFRMLSFL-G5117406
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