205 S Grove Street, Eustis, FL 32726
- $749,000
- 4,066
- SqFt
- List Price
- $749,000
- Status
- Active
- Days on Market
- 213
- Price Change
- ▼ $1,000 1768516841
- MLS#
- O6367864
- Property Style
- Multi-Family 5+
- Year Built
- 1924
- Living Area
- 4,066
- Lot Size
- 17,424
- Acres
- 0.40
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Eustis
- MLS Area Major
- Eustis
Property 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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Additional Information
- Taxes
- $4475
- Community Features
- No Deed Restriction
- Zoning
- RT
- Air Conditioning
- Mini-Split Unit(s), Wall/Window Unit(s)
- Exterior Construction
- Wood Siding
- Foundation
- Crawlspace
- Pool
- No Pool
- Flood Zone Code
- X
- Parcel ID
- 11-19-26-0100-077-00700
- Legal Description
- EUSTIS LOT 7 BLK 77--LESS S 78.5 FT--PB 1 PG 79 ORB 6098 PG 2034
Listing courtesy of LPT REALTY, LLC. 877-366-2213
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