$749,000 - 205 South Grove Street, EUSTIS
- -
- Bedrooms
- -
- Baths
- 4,066
- SQ. Feet
- 0.4
- Acres
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.
Essential Information
-
- MLS® #:
- O6367864
-
- Price:
- $749,000
-
- Bathrooms:
- 0.00
-
- Square Footage:
- 4,066
-
- Acres:
- 0.40
-
- Year Built:
- 1924
-
- Type:
- Commercial Sale
-
- Sub-Type:
- Multi Family
-
- Status:
- Active
Community Information
-
- Address:
- 205 South Grove Street
-
- Area:
- Eustis
-
- Subdivision:
- EUSTIS
-
- City:
- EUSTIS
-
- County:
- Lake
-
- State:
- FL
-
- Zip Code:
- 32726
Interior
-
- Cooling:
- Mini-Split Unit(s), Wall/Window Unit(s)
-
- # of Stories:
- 2
Exterior
-
- Foundation:
- Crawlspace
Additional Information
-
- Days on Market:
- 57
-
- Zoning:
- RT
Listing Details
- Listing Office:
- Lpt Realty, Llc