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$ 750,000
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205 S GROVE ST Eustis, FL 32726
4,066 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,066 sqft
Price per Sqft $184
Subdivision Eustis
MLS Listing ID O6367864
HOA Y/N No
Year Built 1924
Annual Tax Amount $4,475
Lot Size 0.400 Acres
Acres 0.4
Lot Dimensions 79x242
Property Sub-Type Multi Family
Source Stellar MLS
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.
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.
Location
State FL
County Lake
Community Eustis
Area 32726 - Eustis
Zoning RT
Interior
Cooling Mini-Split Unit(s), Wall/Window Unit(s)
Building
Story 2
Foundation Crawlspace
Lot Size Range 1/4 to less than 1/2
Structure Type Wood Siding
New Construction false
Others
Ownership Corporation
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6367864
© 2025 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by Juan Vazquez LPT REALTY, LLC