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1 bedroom apartment for sale

USD $35,900

USA - Florida, Lake County, Mount Dora

like this property?

Call: 03339 395809

Key features:

  • Communal swimming pool
  • Tenant in place
  • AC
  • Communal garden

Full description:

Mount Dora is a fantastic town built on the edge of Lake Dora. The town features many restaurants, bars, art galleries, unique boutiques and other attractions. Right now they have festivals of some type going on around the lake weekly, with this weekend featuring the Mount Dora Highland Games.

The community is nicely landscaped and anyone we have spoken to at it talk of how quiet it is, with many residents having lived there for a long number of years. There are 2 community pools and 2 laundry rooms for the tenants to use.

The condo currently has a tenant on a month to month basis who looks after it well, but is paying below market rent. He is prepared to leave or stay, whichever the new owner decides. When they do leave it will only need a clean and some minor touch up work to be ready to new tenant.

Have a look at the Mount Dora promotional clip below, you are sure to be impressed with this picturesque little ole town!

https://www.youtube.com/watch?v=rdVlsdiyzmQ

Estimated Running Costs and Rental Income:

Monthly costs: Taxes $47, Insurance $25 Condo Association Fee $190, Management $60= Total $322

Purchase Price: $35,900 + Repairs $300 Approx closing costs $700= Price $36,900

Monthly Rental: $600- 650

Estimated Net Rental Yield: 9.1 – 10.6%

This pin shows the exact location of the property as provided by the Advertiser

Nearest Airports*

  • Orlando (International), 59 miles
  • Daytona Beach (Domestic), 72.8 miles

*Distances are straight line measurements. This feature is currently in beta.

To view this property or request more details, contact
Iris International, Florida

5728 Major Blvd Suite 730 Orlando
03339 395809  Local call rate
About Iris International, Florida

Originally from Dorset, England, Reeve has called Central Florida home for the past 17 years. He graduated from the University of Central Florida in 1999 with a B.A. in Advertising and Public Relations and shortly after starting working in the family business of Real Estate and Property Management.

Reeve has been a Licensed Florida Realtor for the last 6 years, starting his career selling vacation homes in the Disney area. His portfolio then transitioned from residential buyers to investors. Through his marketing efforts at international, property trade shows, he was able to capture the attention of foreign investors and quickly gained international credibility with their investment groups selling them single family investment properties. Since then, Reeve has specialized in working with out of state and foreign investors.

Due to the recent mortgage crisis and the crippling effect it has had on the US Real Estate market coupled with the appallingly low interest rates being paid on typical savings accounts, he found himself forced from being a Realtor earning commissions to becoming a Real Estate investor.

After months of research, Reeve identified certain areas in Central Florida That provided greatly discounted properties and offered rental returns that, even with today’s low rental rates, gave double digit returns on investment. However, even as a license Realtor, he found attempting to purchase these properties through traditional methods to be a frustrating, time consuming and fruitless exercise. After making hundreds of offers over several months he realized the true challenge was to able to successfully acquire these properties in a highly competitive marketplace. Fortunately, his persistence and relentless networking with reliable and efficient sources gained him access to the most desirable foreclosure properties.

Currently, Reeve works with agents and investors throughout the world that have lined up to take advantage of the incredible investment opportunity that Central Florida has to offer.


Disclaimer

This is a property advertisement provided and maintained by Iris International, Florida (reference Eudora_Rd_1_bed) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

This property is marketed by:

or call 03339 395809
Calling from outside the UK? 0044 20 7096 0839

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