Residential Property - Single Family Residence in Eustis
Listing Price: $575,000 (Mortgage Calculator →)
Description of Property
ATTENTION INVESTORS & HOMEOWNERS: QUADPLEX APARTMENT BUILDING, PLUS (4) STORAGE RENTAL UNITS, SOLID 5.57% CAP RATE, EUSTIS, FL 32726. Located in the historic district of Eustis and just (3) Blocks from downtown. "Turnkey" investment opportunity, Generates $50,100.00 in Cash Flow and a Solid 5.57% CAP Rate with Upside, 100% occupancy and all tenants on annual leases. Homeowners can live in (1) unit and rent out the other units. No "HOA". City of Eustis water & sewer. Unit Profile: Living/Dining Rooms, Full Kitchen, Full Bathroom, Primary Bedroom, Bonus/Bedroom#2, Rear Porch. (2) Dedicated Parking Spaces. All units were fully remodeled and updated in 2019. The property also includes a detached (4-unit) rental storage building with roll-up doors that generates $500.00 in monthly income. The property is located within close proximity & walking distance to Downtown Eustis & Bay Street, Lake Eustis lakefront, lots of restaurants, shops, city parks & just 5-minutes to the Lake County Mall, Target, Walmart, etc. and a variety of other conveniences for the tenants and their guests. PLEASE DO NOT ENGAGE OR DISTURB TENANTS. NO SIGN at the property and all inquiries are to be directed to the Listing Agent only.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Eustis
County: Lake
Subdivision: Eustis
Bedrooms: 4
Bathrooms: 4
Sq. Ft. Gross: 2,592
Sq. Ft. Living Area: 2,304
Cost per (heated) sqare foot: $250
Year built: 1925
Annual Tax: $3,680
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances: Refrigerator
Window Features: Window Treatments
Additional Rooms: Family Room
Flooring: Hardwood
Schools
Elementary School: Eustis Elem
Middle/Junior High School: Eustis Middle
High School: Eustis High School
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Architectural Style: Historical
Construction: Wood Frame
Foundation: Slab
Roof: Membrane
Exterior Features: Storage
Garage: Yes
Garage Spaces: 4
Parking Features: Open
Floors Total: 2
Floors in Unit: Multi/Split
Cooling: Mini-Split Unit(s)
Heating & Fuel: Electric
Electric:
Patio & Porch Features: Screened
Security Features: Smoke Detector(s)
Other Structures: Storage
View:
Fencing:
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Features: Sidewalk
Lot Size (acres): 0.32
Lot Size (sq. ft.): 14,335 square feet
Lot Dimensions: 60 x 234
Road Frontage: Street Paved
Front Exposure: East
Legal Description & Other Information
Financing Available: VA Loan
Parcel Number: 111926010007600403
Zoning: SR
Pets Allowed/Pet Policies: Yes
Tax Legal Desc.: EUSTIS E 61.36 FT OF LOT 4 BLK 76 PB 1 PG 79 ORB 5291 PG 2443 "AND" EUSTIS BEG 79 FT E OF SW COR OF LOT 4 BLK 76, RUN N TO PT 44 FT S OF N LINE OF LOT 4, E 4 FT, N 44 FT, E 51 FT, S TO S LINE LOT 4, W TO POB PB 1 PG 79 ORB 5011 PG 2109
Section: 11
Range: 26E
Listing courtesy of ROCK SPRINGS REALTY, LLC. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.