6-Unit Apartment
7306 EARLWOOD AVENUE, Mount Dora, FL 32757
For Sale
$749,000
C1 zoning and a shared laundry room complement this professionally managed, six-unit property.
Property Size4,072 SF
Price / SF$183.94
Days on Market46
Property Features for 7306 EARLWOOD AVENUE
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Multifamily Units
Amenities
washer/dryer in utility room
deck/courtyard
Building Details
Year Built
Listing Agency:
OPTIMA ONE REALTY, INC.
(352) 243-6784
Listed By:
Tony Stanley · License FL #3052266
(407) 883-9694
Source:
Dennisrealty
Added: Sep 29
Changed: Nov 12
Last Checked: Nov 12 at 7:55AM
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 OPTIMA ONE REALTY, INC.
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Investment Insights
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Built in 1900, this 4,072-square-foot apartment property contains six units and has C1 zoning. Improvements include a replacement roof in 2021, more than 30 replacement windows, exterior painting in 2019, and interior painting in 2020. Bathrooms, exterior doors, and awnings were also updated in 2020. Many units have flooring updates from 2019 or 2020, and each has 2020 appliances. A shared utility room contains a washer and dryer, and a courtyard deck was added in 2026.
The property is approximately seven minutes from Historic Downtown Mount Dora. Professional management is in place and may transfer to a new owner.
The property is approximately seven minutes from Historic Downtown Mount Dora. Professional management is in place and may transfer to a new owner.
Key Highlights
- Six apartment units in a 4,072‑square‑foot building
- C1 zoning
- Roof replaced in 2021; more than 30 windows replaced
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,581
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,620
$851.6K
Cap Rate 7%
$608,300
$608.3K
Cap Rate 9%
$473,122
$473.1K
Market Conditions
NOI Build-Up for 4,072 SF
Gross rent
$83.1K $20.40/SF
− Vacancy
−$5.6K −$1.39/SF
EGI
$77.4K $19.01/SF
− OpEx
−$34.8K −$8.56/SF
NOI
$42.6K $10.46/SF
Area
Lake County, FL
Vacancy
6.80%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,620
Cap Rate 7%
$608,300
Cap Rate 9%
$473,122
Alternative Uses
Best Use
Apartment 5plus
$608.3K
$532.3K – $709.7K
NOI $42,581 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,913 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
48
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
$325,800
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Lake County, FL
Properties on Market for Apartment buildings in Lake County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - C1 zoning and a shared laundry room complement this professionally managed, six-unit property.
Where is this apartment building located?
The property is located at 7306 EARLWOOD AVENUE Mount Dora, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Six apartment units in a 4,072‑square‑foot building; C1 zoning; Roof replaced in 2021; more than 30 windows replaced
