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  • MLS#: O6367864 ( Commercial Sale )
  • Street Address: 205 Grove Street
  • Viewed: 10
  • Price: $749,000
  • Price sqft: $141
  • Waterfront: No
  • Year Built: 1924
  • Bldg sqft: 5306
  • Days On Market: 93
  • Additional Information
  • Geolocation: 28.8508 / -81.6831
  • County: LAKE
  • City: EUSTIS
  • Zipcode: 32726
  • Subdivision: Eustis
  • Provided by: LPT REALTY, LLC
  • Contact: Juan Vazquez
  • 877-366-2213
  • mfrmls
  • DMCA Notice
  • Description
    Fully rehabbed and fully occupied 7 unit multifamily property located in Eustis, FL. This stabilized investment is currently generating $7,210 in monthly gross rent with a strong and consistent rental history. After taxes and insurance, the property is being offered at nearly a 10% cap rate, providing attractive in place cash flow. The property has been renovated, reducing near term capital expenditure needs and allowing a new owner to benefit from immediate income with minimal deferred maintenance. All units are 100% occupied, offering instant returns with no lease up period required. Conveniently located within the Eustis rental market near local amenities, employment centers, and major roadways. This asset is well suited for investors seeking a stabilized multifamily property, portfolio expansion, or a 1031 exchange opportunity. Financials available upon request. Showings by appointment only please do not disturb tenants.
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Features
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Mini-Split Unit(s)
  2. Wall/Window Unit(s)
Country
  1. US
Covered Spaces
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 0.00
Legal Description
  1. EUSTIS LOT 7 BLK 77--LESS S 78.5 FT--PB 1 PG 79 ORB 6098 PG 2034
Living Area
  1. 4066.00
Area Major
  1. 32726 - Eustis
Net Operating Income
  1. 0.00
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 11-19-26-0100-077-00700
Property Type
  1. Commercial Sale
Road Frontage Type
  1. City Street
Tax Year
  1. 2025
Township
  1. 19S
Views
  1. 10
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/O6367864
Year Built
  1. 1924
Zoning Code
  1. RT