Historic Two-Unit
For Sale
$499,000
111 S Clayton St, Mount Dora, FL 32757
Both residences are furnished, with an established short-term rental history and separate carports.
Property Size1,720 SF
Price / SF$290.12
Days on Market19
Property Features for 111 S Clayton St
General Information
Standard status
Active
Size
1,720 SF
Property subtype
Residential Income
Net Operating Income
$63,000
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$8,278
Amenities
courtyard
basement storage
washer/dryer
Building Details
Year Renovated
2021
Listing Agency:
DAVE LOWE REALTY, INC.
(352) 383-7104
Listed By:
Michele Lowe · License #703743
(352) 409-0369
Source:
Exprealty
Added: Sep 23
Changed: Oct 11
Last Checked: Oct 11 at 2:42PM
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 DAVE LOWE REALTY, INC.
Investment Insights
Based on property information with market context.
This Mount Dora duplex contains two furnished residences: a 1,225-square-foot unit with two bedrooms and one bath, and a 495-square-foot unit with one bedroom and one bath. Wood floors, living areas, and included furnishings serve both spaces. Updates were completed in 2014, followed by 2021 renovations to the courtyard, both bathrooms, and the smaller unit’s kitchen. The property also includes two carports, two stackable washer and dryer sets, and basement storage on an almost quarter-acre corner lot with a wooded view.
Located in Mount Dora’s Historic District, the property is within walking distance of downtown. The residences have an established Airbnb rental history and are being conveyed furnished.
Located in Mount Dora’s Historic District, the property is within walking distance of downtown. The residences have an established Airbnb rental history and are being conveyed furnished.
Key Highlights
- Two residences: 1,225 square feet with 2 bedrooms and 1 bath; 495 square feet with 1 bedroom and 1 bath
- Almost ¼‑acre corner lot with a wooded view
- Updates in 2014; courtyard, both bathrooms, and smaller unit kitchen renovated in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,941
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,820
$458.8K
Cap Rate 7%
$327,729
$327.7K
Cap Rate 9%
$254,900
$254.9K
Market Conditions
NOI Build-Up for 1,720 SF
Gross rent
$35.1K $20.40/SF
− Vacancy
−$2.3K −$1.35/SF
EGI
$32.8K $19.05/SF
− OpEx
−$9.8K −$5.72/SF
NOI
$22.9K $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%
$458,820
Cap Rate 7%
$327,729
Cap Rate 9%
$254,900
Alternative Uses
Best Use
Multifamily LT 5
$327.7K
$286.8K – $382.4K
NOI $22,941 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$301.7K
$264.0K – $352.0K
NOI $21,122 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$489.5K
$428.3K – $571.0K
NOI $34,262 @ 7.0% cap · market cap 6.87%
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
1,128
Businesses Nearby
Explore this area
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 - Both residences are furnished, with an established short-term rental history and separate carports.
Where is this duplex located?
The property is located at 111 S Clayton St Mount Dora, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two residences: 1,225 square feet with 2 bedrooms and 1 bath; 495 square feet with 1 bedroom and 1 bath; Almost ¼‑acre corner lot with a wooded view; Updates in 2014; courtyard, both bathrooms, and smaller unit kitchen renovated in 2021
