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205 Grove Street
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PRICED AT ONLY: $749,000

Address: 205 Grove Street, EUSTIS, FL 32726

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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  • MLS#: O6367864 ( Commercial Sale )
  • Street Address: 205 Grove Street
  • Viewed: 11
  • Price: $749,000
  • Price sqft: $141
  • Waterfront: No
  • Year Built: 1924
  • Bldg sqft: 5306
  • Days On Market: 37

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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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 4066.00
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Utilities
  • Carport Spaces: 0.00
  • Cooling: Mini-Split Unit(s), Wall/Window Unit(s)
  • Road Frontage Type: City Street
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2025
Other Features
  • Country: US
  • Legal Description: EUSTIS LOT 7 BLK 77--LESS S 78.5 FT--PB 1 PG 79 ORB 6098 PG 2034
  • Area Major: 32726 - Eustis
  • Parcel Number: 11-19-26-0100-077-00700
  • Views: 11
  • Zoning Code: RT
Nearby Subdivisions
Eustis   Eustis 2200 Southbay Condo   Eustis Lake Saunders Sub   Eustis Northshore   Eustis Quayles Golf Link Sub   Prescotts Addeustis  
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