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205 S Grove Street, Eustis, FL 32726

$749,000

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SQUARE FEET5,306 MLS#O6367864

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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.

205 S Grove Street | MLS# O6367864

This commercial property located at 205 S Grove Street, Eustis, FL 32726 is currently listed for sale with an asking price of $749,000. Search Eustis real estate on www.watsonrealtycorp.com today.

Property Features

Property Type: Commercial - Multiple

Cooling: Mini-Split Unit(s), Wall/Window Unit(s)

Lot Size: 0.40 Acres

Stories: 2.0

Taxes: $4,475

Year Built: 1924

Square Feet: 5,306

Feature Descriptions

Days on Site: 66

Directions: From US-441 in Eustis, head east on W Orange Ave. Turn right onto S Grove St. Continue south; the property is located at 205 S Grove St, Eustis, FL, on the right.

Exterior: Wood Siding

Flood Zone Code: X

Foundation: Crawlspace

Home Warranty Y/N: No

Lot Dimensions: 0.4

Ownership: Corporation

Property Attached Y/N: No

Property Sub-Type: Multi Family

Showing Instructions: 24 Hour Notice, Appointment Only, Call Before Showing

Special Sale Provisions: None

Water Access Y/N: No

Zoning: RT

Listed By / Shown By

Listed By

Agency Name: LPT REALTY, LLC
Agency Contact: 877-366-2213

Shown By

Agency Title: Watson Realty Corp., REALTORS ®
Agency Phone: (866) 243-8193

205 S Grove Street, Eustis, FL 32726

$749,000

SAVE TOUR PROPERTY

Watson Realty Corp.
7821 Deercreek Club Road
Jacksonville, FL 32256
(800) 257-5143
customer@watsonrealtycorp.com

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205 S Grove Street, Eustis, FL 32726

Property Description

205 S Grove Street | MLS# O6367864

Property Features

Feature Descriptions

Listed By / Shown By

205 S Grove Street, Eustis, FL 32726

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