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624 FIFTH STREET

House Active With Contract
$325,000

BTC: 5.07812500

ETH: 186.13974800

11 days
2 bds
1 ba
938 sqft

Overview

Under contract-accepting backup offers. INVESTORS!!! Turnkey Investment Opportunity in Historic Downtown Clermont! Immediate Income Potential Opportunities like this are exactly what savvy investors look for: a fully performing, well-maintained property, in a desirable location, with a proven long-term tenant already in place. Located in the heart of Clermont’s Historic Downtown district, this charming 2-bedroom, 1-bath bungalow offers instant cash-flow potential with no vacancy gap and no renovation list. This home has been exceptionally cared for and thoughtfully updated, making it a low-maintenance addition to any portfolio. Regular professional servicing includes A/C maintenance, pest control, irrigation, and lawn care—evidence of consistent ownership standards that help preserve value. Inside, the property features bright, inviting living spaces, energy-efficient double-pane windows, updated lighting and fans, stainless steel appliances, tasteful finishes, and a remodeled bathroom. It offers the charm tenants love with the practical upgrades owners appreciate. Outside, the private backyard, paver patio, irrigated lawn, and oversized storage shed add everyday livability and long-term rental appeal. What truly drives this investment is location. Just minutes—or a short stroll—from Clermont’s restaurants, breweries, farmers market, waterfront, trails, festivals, tennis, and pickleball courts, this is the lifestyle area that continues to attract quality tenants and sustained demand. In addition, this home is zoned C-1 for small business and residential use. Whether you are adding to your portfolio, completing a 1031 exchange, or seeking a strong investment property, this is a rare chance to acquire a move-in maintained rental in one of Central Florida’s most charming downtown markets.

Location

Details

Type:
Residential
Parking:
Tandem
Year Built:
1964
Lot:
0.11 Acres
Heating:
Central / Electric
Price/sqft:
$346
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$149,000
$63K – $276K
Confidence Low
List vs. estimate
$176K above estimate
List $325,000 · +118.1%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$346
+54.7% vs. city median $223
Based on
7 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$3,876
2025
Pets
Allowed
All facts and features
  • Flooring

    • Tile

    • Luxury Vinyl

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Cooktop

    • Dishwasher

    • Dryer

    • Electric Water Heater

    • Microwave

    • Range

    • Refrigerator

    • Washer

    Other interior features

    • Window Treatments

    • Ceiling Fan(s)

    • Primary Bedroom Main Floor

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 1

  • Parking

    • Tandem

    Property

    • Levels: One

    • Exterior Features: Storage / Irrigation System / Sidewalk / Private Yard / Garden

    Lot

    • Lot: 0.11 Acres

    Other Property Information

    • Parcel Number: 2422250100056015200

    • Zoning: R1

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Sprinkler Meter

    • Electricity Connected

    • Public

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $3,876

  • Source details

    • MLS ID: G5111726

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Fireplace Features: Electric

    • Laundry Features: Laundry Closet

    • Lot Features: Historic District / City Lot / Level / Landscaped

    • Patio And Porch Features: Patio

    • Direction Faces: North

    • Other Structures: Shed(s)

    • Architectural Style: Bungalow

    • Fireplace: Yes

    • Living Area: 938

    • Water Source: Public

    • Subdivision Name: CLERMONT

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: CHAIN OF LAKES REAL ESTATE, LLC