Address
104 S Grove STREET, EUSTIS, FL
Price
$ 699,000
Property Attributes
  • MLS#O6146517
  • TypeIncome
  • CountyLAKE
  • CityEUSTIS
  • AreaEustis
  • NeighborhoodEustis
  • Zip32726
  • StyleMulti Family
  • Year Built1924
  • Taxes$ 4339
  • Price$ 699,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3742
  • Lot Size0.42 Acres
Data Source:
Stellar MLS
Property Description

MOTIVATED SELLER!! Potential gross income of $7500 per month!! Cash Cow!! Outstanding Investment Opportunity in Prime Location! This beautifully renovated 4 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 units that have been fully updated with modern finishes, appliances, fixtures and flooring. Units feature air conditioning, dishwashers and generous space. Financial highlights: 4 units Offered 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. This turnkey asset presents the ideal entry point for investors seeking cash flowing multifamily in a market poised for growth. Just a short drive to major employers, attractions, healthcare facilities and transportation corridors.

Price History
10/6/2023 Listed $750,000
2/23/2024 4% - $720,000
3/29/2024 3% - $699,000

General Features

Interior Features Other
Sewer Other
Heating None
Cooling Wall/Window Unit(s)
Utilities Electricity Available,Water Available
Roof Shingle
Exterior Features Other
Zoning RT
Construction Materials Wood Frame
Year Built 1924
Property SubType Multi Family
Tax Year 2022
Percent Ownership Fee Simple
County Lake
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name EUSTIS
Garage Y/N No
Status Active
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
City EUSTIS
Buyer Agent Compensation 2%
Senior Community Y/N No
Total Units 5
MLS Area 32726 - Eustis
Lot Size Square Feet 18381
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name Grove
Tax Annual Amount 4339
Public Remarks MOTIVATED SELLER!! Potential gross income of $7500 per month!! Cash Cow!! Outstanding Investment Opportunity in Prime Location! This beautifully renovated 4 unit multifamily property is fully occupie
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6146517
Days on Market 219
Standard Status Active
Tax Lot 7
Legal Description EUSTIS BEG AT NE COR BLK RUN W 130 FT S 63.75 FT E 21 FT S 107 FT W 31 FT S 12.27 FT E 70 FT N 52 FT E 70 FT N TO POB BLK 78 PB 1 PG 79 ORB 5824 PG 981
Water Access Y/N No
Water View Y/N No

Interior Features

Air Conditioning Y/N Yes
Heating Y/N No
Fireplace Y/N No
Street Suffix STREET
LivingAreaSource Public Records
Living Area Units Square Feet

Exterior Features

Water Source Public
Lot Size Area 18381
Foundation Details Other
Number of Buildings 1
Lot Dimensions 79 x 242
Lot Size Acres 0.42
Road Surface Type Asphalt
Lot Size Units Square Feet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 32726

Price
AVG $840K
$700K
Taxes
AVG $7,844
$4,339
Visits
AVG 315
379
Data Provided by Inside Real Estate®
Year Built
AVG 1952
1924