$1,250,000
$1,250,000
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1029 E 5TH AVE Mount Dora, FL 32757
6,750 SqFt
Key Details
Sold Price $1,250,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,750 sqft
Price per Sqft $185
Subdivision Marathon
MLS Listing ID O6015884
Sold Date 07/15/22
Construction Status Completed
HOA Y/N No
Originating Board Stellar MLS
Year Built 1877
Annual Tax Amount $10,300
Lot Size 1.020 Acres
Acres 1.02
Lot Dimensions 159x284
Property Sub-Type Multi-Family
Property Description
9.95% CAP RATE!!! THE HISTORIC HEIRLOOM ESTATE...UNIQUELY GORGEOUS SHORT-TERM/VACATION INCOME PROPERTY featuring NINE (9) SUITES, EACH WITH THEIR OWN BATHROOM, as well MULTIPLE LARGE COMMON SPACES for guests to enjoy! ***CHECK OUT ALL PHOTOS for WONDERFUL SURPRISES found on this property! *** This property is a significant piece of Mount Dora history that sits on just over an acre and is walking distance to the very popular Mount Dora Historic District. The first floor of the main house offers two guest suites and boasts a welcome area with large common rooms for lounging and dining, main kitchen and storage. Up the beautiful staircase is three multi-room suites, two with shared balcony access. The separate carriage house behind the main house has a total of four efficiency apartments, three downstairs (each with a private patio) and one upstairs (with a full kitchen), all with private entrances. The large property, with screened gazebo, generous parking, numerous amenities, and quiet places to relax will provide many options for holding special events throughout the year as well as accommodating targeted events and weekends for the numerous artists, musicians, nature enthusiasts, and other visitors that Mount Dora attracts. This is a TURNKEY business opportunity that includes the equipment and furnishings.
Location
State FL
County Lake
Community Marathon
Zoning R-2
Interior
Interior Features Built-in Features, Ceiling Fans(s), Crown Molding, Eat-in Kitchen, High Ceilings, Window Treatments
Heating Central
Cooling Central Air, Mini-Split Unit(s)
Flooring Carpet, Tile, Vinyl, Wood
Fireplace false
Appliance Built-In Oven, Cooktop, Dishwasher, Dryer, Ice Maker, Microwave, Range Hood, Refrigerator, Washer
Laundry Inside
Exterior
Exterior Feature Balcony, Sidewalk, Storage
Parking Features Circular Driveway, Driveway, Guest, Open
Utilities Available BB/HS Internet Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Roof Type Shingle
Porch Covered, Patio, Porch, Rear Porch, Screened, Side Porch
Garage false
Private Pool No
Building
Lot Description City Limits
Entry Level Two
Foundation Crawlspace
Lot Size Range 1 to less than 2
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding, Wood Frame
New Construction false
Construction Status Completed
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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© 2025 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with HEIRLOOM REALTY INTERNATIONAL
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