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INVESTMENT OPPORTUNITY | WALK TO DOWNTOWN MOUNT DORA | R-2 ZONED WITH DUPLEX POTENTIAL
Rare opportunity in the heart of Mount Dora's Historic Golf-Cart District. This solid block cottage sits on an oversized corner lot just steps from downtown's shops, restaurants, and waterfront parks and offers the kind of flexibility investors and homeowners alike are searching for. Zoned R-2, the property is a prime candidate for duplex conversion or house-hacking, featuring two separate entrances and a private flex space with its own living area, two bedrooms, and a shared en-suite bath ideal for guests, extended family, or a self-contained rental unit. The home is currently operating as an active, income-producing short-term rental and is being sold turnkey fully furnished with select STR supplies included offering a seamless transition for a buyer looking to continue generating rental income from day one. Inside, flows an open living, dining, and family room A tiled Florida room with a wall of windows adds versatile bonus space for an office or den. In total, the home offers 4 bedrooms and 2 full bathrooms. Outside, enjoy a manicured side yard, brick patio, covered carport, and fully owned solar panels for reduced energy costs. Walk or bike to downtown Mount Dora's boutiques, cafés, and parks via the nearby Tremain Street path.
Whether you're an investor, a house-hacker, or looking for a flexible primary residence, this one checks every box.
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Our Executive Mortgage Banker:
Our Insurance Division:
$549,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 |
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|---|---|---|---|
| Loan Amount | $439,920 | $439,920 | $439,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.358% | 6.640% | 5.952% |
| Monthly Tax Payment | $521 | $521 | $521 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,635 | $2,778 | $3,653 |
| Total Monthly Payment | $3,248 | $3,391 | $4,266 |
* 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.