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205 S Grove Street,  Eustis FL, 32726

(Active)
$799,500
|
8 beds, 7 baths, 4,066 sqft
|
MLS# O6146514
Last Updated: 5/11/2024 4:49 PM
Description for 205 S Grove Street Eustis, FL 32726
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 units100% occupiedOffered 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
$799,500
EUSTIS
Lake
8
7
4,066 (approx)
O6146514
Active
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 units100% occupiedOffered 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 Information
Property Type: Multi-Family, Other
8 7
0.4 Acres 4,066 (approx) 1924
19S//
EUSTIS
Other
Public
Other
Cable Available, Electricity Available, Water Available
Neighborhood
Room Information
Interior Features
Window/Wall Unit
Other, None
Other, Stone Counters
Exterior / Lot Features
Shingle
79x242
RT
Rain Gutters
Driving 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. .
Financial Considerations
11-19-26-0100-077-00700
$3,562
Listing Price History

Eustis Real Estate

Eustis is located in Florida. Eustis, Florida 32726 has a population of 20,202.

The median household income in Eustis, Florida 32726 is $46,530. The median household income for the surrounding county is $57,588 compared to the national median of $66,222. The median age of people living in Eustis 32726 is 47 years.

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Courtesy: COUNTRYWIDE REALTY PARTNERS LLC, 407-401-8790


All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.
Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Copyright 2017, My Florida Regional MLS
This content last refreshed on 5/11/2024 4:49 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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