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205 S Grove Street
Eustis, FL 32726
8
beds
7
baths
4,066
sqft
~1/2
acre lot
$196
per sqft
1924
build
–
on site
MOTIVATED SELLER!! Potential monthly gross income of $10,500!! Cash Cow! Outstanding Investment Opportunity in Prime Location!
This beautifully renovated 7 unit multifamily property is fully occupied and ready for a new owner. Located on a quiet street in the heart of Eustis, it offers an ideal setting close to major employers, top schools, shopping, dining and transportation.
The property boasts a spacious 7 units that have been fully updated with modern finishes, appliances, fixtures and flooring. Units feature air conditioning, dishwashers and generous space.
Financial highlights:
7 units
100% occupied
Offered at an 8% cap rate
This turnkey asset presents an excellent value-add or buy and hold opportunity in a market with strong demand and favorable demographics. Whether you're looking to add to your portfolio, break into multifamily investing, or 1031 exchange, this property merits your attention. Act quickly, it won't last!
Please contact me for additional details or to schedule a showing. This is a rare chance to acquire a fully-leased property producing excellent cash flow in a superb location. Perfect for investors seeking stable returns.
Listing courtesy of STELLAR_MLS / COUNTRYWIDE REALTY PARTNERS LLC
Last checked:
Checking…
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Last updated Apr 22, 2024
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MLS# O6146514 —
The Building
Year Built:
1924
New Construction:
false
Construction Materials:
Wood Frame
# of Buildings:
2
Roof:
Shingle
Foundation Details:
Other
Interior
Interior Features:
Other
Fireplace:
true
Room Dimensions
Living Area:
4066
Living Area Units:
Square Feet
Living Area Source:
Public Records
Location
Directions:
Access FL-417 N/FL-417 Toll N since University Blvd. Tour to the Right addressed to S Semoran Blvd. Tour to the left for joining FL-417 N/FL-417 Toll N in the direction of Sanford. Continue on FL-417 N/FL-417 Toll N. Taking FL-429 S/FL-429 Toll S towards County Rd 46A in Lake County. Salt of FL-429 S/FL-429 Toll S. Take the exit 55c towards International Pkwy. Turns sharply to the Right addressed to International Pkwy. Turn slightly to the left addressed to FL-429 S/FL-429 Toll S (indications for Apopka/Mount Dora). Continue on County Rd 46A, FL-44 W and E Orange Ave towards S Grove St in Eustis. Continue straight on County Rd 46A. Tour to the left addressed to FL-44 W. Continue on E Orange Ave. Tour to the left addressed to S Center St. Tour to the Right at the 2nd intersection towards E Lemon Ave. Tour to the Right at the 1nd intersection towards S Grove St. The destination is on the right. .
Latitude:
28.850822
Longitude:
-81.683087
Coordinates:
-81.683087, 28.850822
The Property
Parcel Number:
111926010007700700
Property Type:
Residential Income
Property Subtype:
Multi Family
Lot Size Acres:
0.4
Lot Size SqFt:
17424
Lot Size Area:
17424
Lot Size Dimensions:
79 x 242
Lot Size Units:
Square Feet
Zoning:
RT
Exterior Features:
Private Mailbox
Water Source:
Public
Total Acres:
1/4 to less than 1/2
Road Surface Type:
Asphalt
Flood Zone Code:
X
Listing Agent
Contact info:
Agent phone:
(321) 274-7264
Office phone:
(407) 401-8790
Taxes
Tax Year:
2022
Tax Lot:
7
Tax Block:
077
Tax Book Number:
1-79
Tax Annual Amount:
3561.9
Tax Legal Description:
EUSTIS LOT 7 BLK 77--LESS S 78.5 FT--PB 1 PG 79 ORB 4531 PG 1039
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average. The school service areas are not definitive and should only be used as guidance.
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Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date
Event
Source
Price
% Change
4/9/24
Apr 9, 2024
Price Changed
STELLAR_MLS
$799,500
0.1%
3/29/24
Mar 29, 2024
Price Changed
STELLAR_MLS
$799,000
-3.7%
2/23/24
Feb 23, 2024
Price Changed
STELLAR_MLS
$830,000
-2.4%
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This multifamily located in Eustis, FL 32726 is currently for sale for $799,500. 205 S Grove Street is a 4,066 square foot multifamily with 8 beds and 7 baths that has been on Estately for 221 days. This multifamily is in the attendance area of Eustis Elementary School, Eustis High School, and Eustis Middle School.
Listing Courtesy of: STELLAR_MLS
and COUNTRYWIDE REALTY PARTNERS LLC.
Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.
All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.
Checking…
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Last updated Apr 22, 2024
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