Renovated Two-Unit
For Sale
$600,000
1012 N Baker Street, Mount Dora, FL 32757
Two one-bedroom, one-bath units feature modern finishes, a pool area, storage, and covered parking.
Property Size1,778 SF
Price / SF$337.46
Days on Market142
Property Features for 1012 N Baker Street
General Information
Standard status
Active
Size
1,778 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Amenities
pool
storage
Building Details
Year Built
1950
Buildings
1
Listing Agency:
ERA GRIZZARD REAL ESTATE
Listed By:
Loretta C. Maimone · License #3118600
(352) 357-2400
Source:
Realtygroupfl
Added: May 20
Changed: Oct 8
Last Checked: Oct 7 at 1:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ERA GRIZZARD REAL ESTATE
Investment Insights
Based on property information with market context.
This renovated duplex contains two one-bedroom, one-bath residences within 1,778 square feet. Each unit has updated interiors and modern finishes, creating a cohesive configuration for residential leasing or owner occupancy. Exterior amenities include a pool area, additional storage, and covered carports positioned on both sides of the building.
Located at 1012 N Baker St in Mount Dora, the property is minutes from the downtown district, with access to boutique shopping, waterfront dining, art festivals, restaurants, entertainment, lakes, and parks. The two-unit layout and on-site features provide a practical residential income property in a downtown-oriented setting.
Located at 1012 N Baker St in Mount Dora, the property is minutes from the downtown district, with access to boutique shopping, waterfront dining, art festivals, restaurants, entertainment, lakes, and parks. The two-unit layout and on-site features provide a practical residential income property in a downtown-oriented setting.
Key Highlights
- Two updated 1‑bedroom, 1‑bath units
- 1,778 square feet in total property size
- Renovated interiors with modern finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,714
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,280
$474.3K
Cap Rate 7%
$338,771
$338.8K
Cap Rate 9%
$263,489
$263.5K
Market Conditions
NOI Build-Up for 1,778 SF
Gross rent
$36.3K $20.40/SF
− Vacancy
−$2.4K −$1.35/SF
EGI
$33.9K $19.05/SF
− OpEx
−$10.2K −$5.72/SF
NOI
$23.7K $13.34/SF
Area
Lake County, FL
Vacancy
6.60%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,280
Cap Rate 7%
$338,771
Cap Rate 9%
$263,489
Alternative Uses
Best Use
Multifamily LT 5
$338.8K
$296.4K – $395.2K
NOI $23,714 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$311.9K
$272.9K – $363.9K
NOI $21,834 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$506.0K
$442.7K – $590.3K
NOI $35,418 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,139
Businesses Nearby
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Business Placement
Demographics for 32757, FL
30,315
Population
14,625
Households
2.1
Avg Household Size
49
Median Age
36%
College-Educated
92%
High-School Grad
35.3 sq mi
ZIP Area
859
Density / Sq Mi
$73,327
Median Household Income
$40,565
Median Earnings
$1,474
Median Rent
$325,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom, one-bath units feature modern finishes, a pool area, storage, and covered parking.
Where is this duplex located?
The property is located at 1012 N Baker Street Mount Dora, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two updated 1‑bedroom, 1‑bath units; 1,778 square feet in total property size; Renovated interiors with modern finishes
