Water Views
221 W 3RD AVENUE, Mount Dora, FL
$ 2,500,000
Property Attributes
  • MLS#G5060961
  • TypeIncome
  • CountyLAKE
  • CityMount Dora
  • AreaMount Dora
  • NeighborhoodMOUNT DORA TOPKINS BLKS 06 & 07
  • Zip32757
  • StyleMulti-Family
  • Year Built1973
  • Taxes$ 12540
  • Price$ 2,500,000
  • Bedrooms8
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage10900
  • Lot Size0.62 Acres
Data Source:
Stellar MLS
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!

Price History
9/23/2022 Listed $2,500,000

General Features

Additional Parcels Y/N No
Appliances Dishwasher, Range, Range Hood, Refrigerator
Association Y/N No
Building Area Units Square Feet
Buyer Agent Compensation 2.75%
Carport Spaces 4
Carport Y/N Yes
Construction Materials Block, Stucco
Cooling Central Air
County Lake
Days on Market 7
Directions Head south on N Donnelly St toward E 6th Ave. Turn right onto W 3rd Ave.Destination will be on the right
Exterior Features Irrigation System, Lighting, Private Mailbox, Rain Gutters
Finance Cash, Conventional
Garage Y/N No
Grossincome 104551
Heating Central
Interior Features Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Walk-In Closet(s)
Lot Size Square Feet 27152
MLS Area 32757 - Mount Dora
Minimum Lease 1-2 Years
New Construction No
Ok to Lease Twelve Months
Other Structures Storage
Patio/Porch Features Covered, Deck, Porch, Rear Porch
Percent Ownership Fee Simple
Private Pool No
Property Condition Completed
Property SubType Multi-Family
Property Type Residential Income
Roof Shingle
Security Features Smoke Detector(s)
Senior Community Y/N No
Sewer Public Sewer
Standard Status Active
Status Active
Street Name 3RD
Subdivision Name MOUNT DORA TOPKINS BLKS 06 & 07
Tax Annual Amount 12540.66
Tax Lot 14
Tax Year 2022
Tenant Pays Electricity
Total Actual Rent 8712
Total Number of Buildings 2
Total Units 8
Township 19S
Unit Count 1
Utilities Cable Connected, Electricity Connected, Sewer Connected, Sprinkler Meter, Water Connected
View Water
Virtual Tour https://www.propertypanorama.com/instaview/stellar/G5060961
Water Access YN No
Waterfront Y/N No
Year Built 1973
Zoning R-3

Interior Features

Additional Rooms Inside Utility
Fireplace Y/N No
Flood Zone Code Zone X
Flooring Carpet, Tile
Furnished Y/N Unfurnished
Laundry Features Inside
Living Area Units Square Feet
Livingareasource Public Records
Street Suffix AVENUE
Total Baths 2
Total Bedrooms 2

Exterior Features

Living Area 10900
Building Area Total 11812
Foundation Details Slab
Lot Dimensions 100x100
Lot Features Corner Lot, Historic District, City Limits, Near Marina, Near Public Transit, Paved
Lot Size Acres 0.62
Parking Features Assigned
Road Surface Type Paved
Spa No
Water Extras YN No
Water Source Public
Water View Lake - Chain of Lakes
Water View YN Yes


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 32757

AVG $1.21M
AVG $7,810
AVG 82
Year Built
AVG 1936
AVG 42
Data Provided by Walkscore ® not using MLS data

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