Investor Alert: Rare 5 Unit Multifamily in Mascotte Florida! this 5-unit property is generating approximately $6,050/month in gross income with leases in place instant cash flow from day one. Each unit features separate electric meters and service panels, minimizing owner expenses and maximizing efficiency. Located just off Hwy 50 near shopping, dining, and the Mascotte Civic Center, with quick access to Clermont and about 40 minutes to Walt Disney World. Extremely limited multifamily inventory in Mascotte don’t miss this high-demand, income-producing asset! Seller replaced the roof and the new septic. THIS PROPERTY CAN BE PURCHASED WITH NO INCOME VERIFICATION.
Multi-familyProperty Type
1979Year Built
0.32 acresLot Size
$118Price/Sq.Ft.
Listed by Danny Dhannu• ELITE INVESTORS REALTY LLC
Contact: 407-992-8330
Bought with Rich Garcia• CHARLES RUTENBERG REALTY ORLANDO
* * Investor Alert, RARE GEM! * * It's time to quit your day job! This cash cow is fully occupied, renovated, and turn-key ready! Generating an average gross turn-key income of $4,583 per month!! * * That's an annual yield of 11.58%! This property has a 12-month LEASE in place with each tenant and has current property management in place. All YOU have to do is collect a check each month. All of the units have individual meter boxes and individual service panels already in place! Located right off popular Hwy 50, near lots of shopping, restaurants, and the CIVIC Center, AND only about 40 min away from Disney World and even closer to Clermont! Move fast as this ideal investment property will not last long!
Stellar MLS as Distributed by MLS Grid #L4917415
Jul 7, 2021
Sold
$425,000
$89/sq ft
Jun 2, 2021
Pending
—
May 28, 2021
Relisted
—
Oct 7, 2020
Listing Removed
—
Aug 31, 2020
Relisted
—
Aug 25, 2020
Listing Removed
—
Aug 13, 2020
Listed
$399,900
$84/sq ft
* * * INVESTOR ALERT, RARE GEM ALERT * * * It's time to quit your day job! This Cash Cow is fully occupied, renovated, and is turn-key ready. Generating a gross monthly income of $4415 per month. That's a gross annual yield of 12.5% per year. This property has a 12 MONTH LEASE in place with each tenant, and has property management as well. So all you have to do is collect a check every month. All of the units were recently re-wired with 5 brand-new meter cans, and their own indivdual service panels, wow! Located right off of popular Hwy 50, near lot's of shopping, restaurants and entertainment, such as the Civic Center. And It's only around 40 min away from Disney World and even closer to Clermont! Come and see this one asap, as I know this will not last long in todays market!
Public Records
Aug 16, 2016
Sold
$150,000
$31/sq ft
Stellar MLS as Distributed by MLS Grid #S4710194
May 21, 2016
Listing Removed
—
Jun 10, 2014
Listing Removed
—
Mar 29, 2014
Listing Removed
—
Public Records
Oct 11, 2004
Sold
$256,500
$54/sq ft
Public Records
Mar 3, 2000
Sold
$158,000
$33/sq ft
Public Records
Mar 21, 1996
Sold
$125,000
$26/sq ft
Public Records
Dec 1, 1990
Sold
$76,600
$16/sq ft
Public Records
Dec 1, 1988
Sold
$76,517
$16/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$6,544 (−16.6%)
$42,000 + $300,308
$342,308
2024
$7,847 (+126.9%)
$42,000 + $299,350
$341,350
2023
$3,458 (−4.3%)
$10,957 + $132,905
$143,862
2022
$3,613 (+12.5%)
$10,957 + $132,905
$143,862
2021
$3,211 (−5.6%)
$10,957 + $103,087
$114,044
2020
$3,404 (−4.8%)
$32,076 + $103,087
$135,163
2019
$3,574 (+0.7%)
$32,076 + $103,087
$135,163
2018
$3,550 (+7.8%)
$32,076 + $103,087
$135,163
2017
$3,292 (−37.8%)
$32,076 + $99,739
$131,815
2016
$5,296 (−17.5%)
$32,076 + $132,173
$164,249
2015
$6,420 (+23.7%)
$53,460 + $162,048
$215,508
2014
$5,191 (−3.2%)
2013
$5,363 (+9.1%)
2012
$4,917
Public record
Public record
Zoning
Permits
Beds
6
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
0.32 Acres
Year renovated
1992
Sq. Ft.
4,764
Year built
1979
Style
Other
County
Lake County
APN
14-22-24-0002-000-03300
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 15, 2026.
PUD-DM
Planned Unit Development Downtown Mixed Use District
This district is primarily intended to provide a location for mixed use developments. PUDs may include a variety of land uses and intensities within a development to encourage walkable communities, discourage sprawl, preserve the environment, and reduce public investment in the provision of services. PUDs also place an importance on flexible and creative site design, public amenities, compatible public facilities, and building aesthetics. The Downtown Mixed Use places a stronger emphasis on commercial development that can be supported by residential components. The applicant of property designated and zoned as PUD-DM must demonstrate that any proposed residential uses, light industrial, or public/semi-public use or facility and their locations within the development are internally compatible with other uses on the property and are compatible with the surrounding area. The phrase compatible with means that the proposed residential, light industrial, or public/semi-public use or facility is not in conflict with other uses within the proposed development and uses of the surrounding area. Compatibility shall not be deemed to exist if the Council affirmatively determines that the proposed residential, light industrial, or public/semi-public use or facility adversely affects the other proposed uses in the development or existing uses in the surrounding area.
Permitted uses
Include but are not limited to:
No uses permitted by right
Jul 10, 2024 • Final
Commercial
Work on a reroof.
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.