Property Attributes
- MLS#O6146514
- TypeIncome
- CountyLAKE
- CityEUSTIS
- AreaEustis
- NeighborhoodEustis
- Zip32726
- StyleMulti Family
- Year Built1924
- Taxes$ 3561
- Price$ 799,500
- Bedrooms8
- Full Bathrooms7
- Half Bathrooms0
- Sqr Footage4066
- Lot Size0.4 Acres
Data Source:
Stellar MLS
Property Description
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.
Price History | |
---|---|
10/3/2023 | Listed $850,000 |
2/23/2024 | 3% - $830,000 |
3/29/2024 | 4% - $799,000 |
General Features
Interior Features | Other,Stone Counters |
---|---|
Sewer | Other |
Heating | None |
Cooling | Wall/Window Unit(s) |
Utilities | Cable Available,Electricity Available,Water Available |
Roof | Shingle |
Exterior Features | Private Mailbox,Rain Gutters |
Zoning | RT |
Construction Materials | Wood Frame |
Year Built | 1924 |
Property SubType | Multi Family |
Tax Year | 2022 |
Percent Ownership | Fee Simple |
County | Lake |
New Construction | No |
Property Type | Residential Income |
HOA / Comm Assn | No |
Subdivision Name | EUSTIS |
Garage Y/N | No |
Status | Active |
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 |
City | EUSTIS |
Buyer Agent Compensation | 2% |
Senior Community Y/N | No |
Total Units | 7 |
MLS Area | 32726 - Eustis |
Lot Size Square Feet | 17424 |
Private Pool | No |
Waterfront Y/N | No |
Carport Y/N | No |
Street Name | Grove |
Tax Annual Amount | 3561.9 |
Public Remarks | 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 occup |
Virtual Tour | https://www.propertypanorama.com/instaview/stellar/O6146514 |
Days on Market | 203 |
Standard Status | Active |
Tax Lot | 7 |
Legal Description | EUSTIS LOT 7 BLK 77--LESS S 78.5 FT--PB 1 PG 79 ORB 4531 PG 1039 |
Interior Features
Air Conditioning Y/N | Yes |
---|---|
Heating Y/N | No |
Fireplace Y/N | Yes |
Street Suffix | STREET |
Total Bedrooms | 8 |
LivingAreaSource | Public Records |
Total Baths | 7 |
Living Area Units | Square Feet |
Exterior Features
Water Source | Public |
---|---|
Lot Size Area | 17424 |
Foundation Details | Other |
Number of Buildings | 2 |
Lot Dimensions | 79 x 242 |
Lot Size Acres | 0.4 |
Road Surface Type | Asphalt |
Lot Size Units | Square Feet |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool