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5550 HURON STREET, Mount Dora, FL, 32757 | $399,999
Seize the moment with this exceptional VALUE ADD CASH FLOWING QUADRUPLEX, offering an enticing cap rate! Nestled in the vibrant and ever-growing Mount Dora, Florida, this unique property at 5550 Huron Street is your ticket to lucrative real estate investment.
Spanning 3, 041 square feet on a sprawling 22, 408-square-foot lot, each of the four units is designed for comfort and convenience. With individual wall-mounted air conditioning, well-equipped kitchens, and private entrances. Unit 1 shines with fresh new carpet and sleek bathroom tile. Plus, a brand-new shared laundry shed with washer and dryer makes life easy for residents.
Set in a peaceful, well-maintained neighborhood, the quadruplex boasts a beautifully manicured yard, perfect for relaxation and recreation. Parking is a breeze with ample street options and dedicated spots in front of each unit. With a solid annual income of $41, 700 and minimal maintenance, this property is ripe for rental growth and enhancements. The updated electrical system, done in 2024, ensures future-proof peace of mind.
Located mere minutes from boutique shopping, waterside dining, and the cultural gems of downtown Mount Dora, this quadruplex offers a rich lifestyle. Known for its scenic lakes, vibrant festivals, and diverse culinary scene, Mount Dora is a hotspot for both residents and investors. Don’t let this incredible opportunity slip away—add this valuable asset to your portfolio in one of Orange County's most desirable areas!
Features
- Units: 4
- Laundry: Other
- Year Built: 1920
- Heating: Natural Gas
- Cooling: Wall/Window Unit(s)
- Approx Sq. Feet: 3,041
- Acreage: 0.51
- Est. Taxes: $4,283
- Lot Desc: Oversized Lot
- Lease Terms: 12 Months
- MLS#: O6230221
- Days on Market: 210 days
- Website: https://www.raveis.com
/prop/O6230221/5550huronstreet_mountdora_fl?source=qrflyer
Listing courtesy of Compass Florida LLC Phone: 407-203-9441
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
5550 HURON STREET, Mount Dora, FL, 32757
$399,999
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $319,999 | $319,999 | $319,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.695% | 6.810% | 6.026% |
| Monthly Tax Payment | $357 | $357 | $357 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,842 | $2,049 | $2,657 |
| Total Monthly Payment | $2,274 | $2,481 | $3,089 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388