205 S GROVE ST EUSTIS, FL 32726

Features

• Price/sqft: $196
• Lot Size: 17375 sq. ft.
• Total Units: 7
• Total Rooms: 5
• Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
• Stories: 200
• Roof Type: Asphalt
• Heating: 4
• Construction Type: Frame
• Exterior Walls: Concrete Block

Facts

• Year Built: 01/01/1924
• Property ID: 821157277
• MLS Number: O6146514
• Parcel Number: 11-19-26-0100-077-00700
• Property Type: Multi-family (5 or more units)
• County: LAKE
• Legal Description: EUSTIS LOT 7 BLK 77--LESS S 78.5 FT--PB 1 PG 79 ORB 6098 PG 2034
• Zoning: RT
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. MOTIVATED SELLER!! Potential monthly gross income of $10,500!! Cash Cow! Outstanding Investment Opportunity in Prime Location!nnThis 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.nnThe 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.nFinancial highlights:n7 unitsn100% occupiednOffered at an 8% cap rate nThis 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!nnPlease 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.