Renovated Triplex with Carport
205 E 10TH, Mount Dora, FL 32757
For Sale
$650,000
Renovated triplex offering two 1-bedroom studio-style units and one 2-bedroom unit with shared laundry and carport parking.
Property Size2,107 SF
Days on Market151
Property Features for 205 E 10TH
General Information
Standard status
Size
Property subtype
Additional Details
Business Included
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
ERA GRIZZARD REAL ESTATE
Listed By:
Loretta C. Maimone · License FL #3118600
(352) 357-2400
Source:
Elliman
Added: Jun 13
Changed: Nov 6
Last Checked: Nov 8 at 7:08AM
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
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Investment Insights
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This for-sale triplex has been renovated and is presented as move-in ready. The layout includes two spacious 1-bedroom, 1-bath studio-style units, along with a separate 2-bedroom unit that provides access to a shared laundry room. The units have been refreshed with modern finishes, and the property includes designated carport parking spaces plus additional storage areas for tenant convenience.
The property is located in the heart of Mount Dora, with downtown amenities described as close by, including boutique shopping, waterfront dining, and local festivals. The surrounding area is characterized in the remarks as walkable-by-car dependent, with easy access to parks, lakes, restaurants, and entertainment.
This configuration can fit multiple ownership and occupancy approaches, including an investor looking for three rental units, a seasonal resident seeking rental flexibility, or an owner-occupant who wants income from additional units. With shared laundry and carport parking on site, the property supports practical everyday living for tenants while offering a straightforward, turnkey option for buyers considering both short- and long-term rental use.
The property is located in the heart of Mount Dora, with downtown amenities described as close by, including boutique shopping, waterfront dining, and local festivals. The surrounding area is characterized in the remarks as walkable-by-car dependent, with easy access to parks, lakes, restaurants, and entertainment.
This configuration can fit multiple ownership and occupancy approaches, including an investor looking for three rental units, a seasonal resident seeking rental flexibility, or an owner-occupant who wants income from additional units. With shared laundry and carport parking on site, the property supports practical everyday living for tenants while offering a straightforward, turnkey option for buyers considering both short- and long-term rental use.
Key Highlights
- Renovated triplex built in 1951 in Mount Dora, offering three rental units with a flexible live‑in or investment setup
- Two 1‑bedroom, 1‑bath studio‑style units, refreshed and ready to lease immediately
- One 2‑bedroom unit with access to a shared laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,329
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,580
$486.6K
Cap Rate 7%
$347,557
$347.6K
Cap Rate 9%
$270,322
$270.3K
Market Conditions
NOI Build-Up for 2,107 SF
Gross rent
$36.7K $17.40/SF
− Vacancy
−$1.9K −$0.90/SF
EGI
$34.8K $16.50/SF
− OpEx
−$10.4K −$4.95/SF
NOI
$24.3K $11.55/SF
Area
Lake County, FL
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,580
Cap Rate 7%
$347,557
Cap Rate 9%
$270,322
Alternative Uses
Best Use
Multifamily LT 5
$347.6K
$304.1K – $405.5K
NOI $24,329 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$314.8K
$275.4K – $367.2K
NOI $22,033 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$679.4K
$594.5K – $792.7K
NOI $47,559 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
357
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
Frequently Asked Questions
What type of property is this?
Triplex - Renovated triplex offering two 1-bedroom studio-style units and one 2-bedroom unit with shared laundry and carport parking.
Where is this triplex located?
The property is located at 205 E 10TH Mount Dora, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Renovated triplex built in 1951 in Mount Dora, offering three rental units with a flexible live‑in or investment setup; Two 1‑bedroom, 1‑bath studio‑style units, refreshed and ready to lease immediately; One 2‑bedroom unit with access to a shared laundry room
