Two-Unit Income Duplex Near
125 N RHODES STREET Mount Dora, FL 32757
For Sale
$550,000
Well-maintained duplex with two separate 2-bedroom residences, each with a fenced backyard and long-term tenants.
Property Size1,570 SF
Price / SF$350.32
Days on Market16
Property Features for 125 N RHODES STREET
General Information
- Standard status
- Active
- Size
- 1,570 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1978
Listing Agency:
HEIRLOOM REALTY INTERNATIONAL
(352) 720-5962
Listed By:
Elizabeth Downes · License #3238375
Source:
Miharaandassociates
Added: Jul 9
Changed: Jul 23
Last Checked: Jul 23 at 6:57AM
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 HEIRLOOM REALTY INTERNATIONAL
Investment Insights
Based on property information with market context.
This well-maintained income-producing duplex features two private residences on a corner lot. Each home offers a spacious 2-bedroom, 1.5-bath floor plan and includes its own fully fenced private backyard, providing practical outdoor space and added tenant privacy.
One residence includes an attached garage, while the other has a large storage shed for tools, lawn equipment, bicycles, or other storage needs. The property is described as having mature landscaping and a park-like setting.
Both units are currently occupied by long-term tenants, supporting reliable rental income from the day of closing. The property is positioned within walking distance of Historic Downtown Mount Dora and the Uptown District.
One residence includes an attached garage, while the other has a large storage shed for tools, lawn equipment, bicycles, or other storage needs. The property is described as having mature landscaping and a park-like setting.
Both units are currently occupied by long-term tenants, supporting reliable rental income from the day of closing. The property is positioned within walking distance of Historic Downtown Mount Dora and the Uptown District.
Key Highlights
- Well‑maintained duplex built in 1978 with two separate private residences
- Two 2‑bedroom, 1.5‑bath units, each with its own fully fenced private backyard
- Both residences are occupied by long‑term tenants, providing rental income from day of closing
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.0k | $20.40 |
| − Vacancy | −$2.1k | −$1.35 |
| EGI | $29.9k | $19.05 |
| − OpEx | −$9.0k | −$5.72 |
| NOI | $20.9k | $13.34 |
1,570 SF · lease $20.40/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$299.1K
$261.8K – $349.0K
NOI $20,940 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$275.4K
$241.0K – $321.3K
NOI $19,280 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$446.8K
$390.9K – $521.2K
NOI $31,274 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained duplex with two separate 2-bedroom residences, each with a fenced backyard and long-term tenants.
Where is this duplex located?
The property is located at 125 N RHODES STREET Mount Dora, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Well‑maintained duplex built in 1978 with two separate private residences; Two 2‑bedroom, 1.5‑bath units, each with its own fully fenced private backyard; Both residences are occupied by long‑term tenants, providing rental income from day of closing
