5550 Huron STREET, Mount Dora, FL, 32757 | $435,000

Rare opportunity to own a VALUE ADD TURN KEY QUADRUPLEX in the charming and sought-after location of Mount Dora! 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. Recently replaced carpet, and bathroom flooring in unit 1. 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 investment opportunity. The oversized lot allows for potential "value add, " rental growth, and appreciation. 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 offer 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.

Features

  • Rooms: 3
  • Bedrooms: 5
  • Baths: 4 full
  • 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
  • Appliances: Other
  • MLS#: O6226162
  • Days on Market: 95 days
  • Website: https://www.raveis.com
    /prop/O6226162/5550huronstreet_mountdora_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 12/26/2024 10:17:09 PM)
Listing courtesy of Compass Florida LLC   Phone: 407-203-9441

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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5550 Huron STREET, Mount Dora, FL, 32757

$435,000

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

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $348,000 $348,000 $348,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.375% 7.125% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.474% 7.282% 6.412
Monthly Tax Payment $357 $357 $357
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,404 $2,345 $2,960
Total Monthly Payment $2,836 $2,777 $3,392

* 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.