623 LAKE DORA DR Tavares, FL 32778
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,106 sqft
Price per Sqft $118
Subdivision Tavares Bayview Rep
MLS Listing ID O6455160
Bedrooms 3
HOA Y/N No
Year Built 1955
Annual Tax Amount $3,348
Lot Size 0.690 Acres
Acres 0.69
Lot Dimensions 150x200
Property Sub-Type Triplex
Source Stellar MLS
Property Description
The Mixed Use future land use designation provides a potential maximum residential density of 25 units per acre, with potential for boutique hotel development under Mixed Use zoning. All proposed uses, allowable density, and development feasibility must be verified with City of Tavares Planning and Zoning and are subject to site conditions and required approvals. A 2022 environmental exhibit identifies approximately 0.55 acre of uplands and 0.14 acre of wetlands.
The existing triplex has one unit currently rented at $950 per month and two vacant units requiring renovation and repairs, including foundation repairs, before leasing. Seller-estimated market rent after repairs is $1,150 per unit, offering potential stabilized gross rental income of $3,450 per month. Public water and sewer, three water meters, and three electric meters add to the property's appeal.
Known foundation settlement. Foundation repair proposals and a prior neutral evaluation are available for review. The 2014 evaluation concluded no active sinkhole activity. Buyers should review the complete report and obtain an independent assessment of current conditions and necessary repairs.
Bring your contractor, explore the land, and experience the location in person. Request the available reports and repair proposals, schedule your tour, and bring your offer!
Location
State FL
County Lake
Community Tavares Bayview Rep
Area 32778 - Tavares / Deer Island
Zoning MU
Interior
Interior Features Primary Bedroom Main Floor
Heating Central, Electric
Cooling Central Air
Fireplace false
Laundry Other
Exterior
Exterior Feature Private Entrance, Private Mailbox, Sidewalk
Utilities Available Public
View Y/N Yes
Water Access No
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab, Stem Wall
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Special Listing Condition None
NEARBY SCHOOL & BUSINESS
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