About 205 South Grove Street
MOTIVATED SELLER!! Potential monthly gross income of $10,500!! Cash Cow! Outstanding Investment Opportunity in Prime Location! This 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. The 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. Financial highlights: 7 units 100% occupied 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.
Features of 205 South Grove Street
| MLS® # | O6146514 |
|---|---|
| Price | $799,500 |
| Bedrooms | 8 |
| Bathrooms | 7.00 |
| Square Footage | 4,066 |
| Acres | 0.40 |
| Year Built | 1924 |
| Type | Residential Income |
| Sub-Type | Multi-Family |
| Status | Active |
Community Information
| Address | 205 South Grove Street |
|---|---|
| Area | Eustis |
| Subdivision | EUSTIS |
| City | EUSTIS |
| County | Lake |
| State | FL |
| Zip Code | 32726 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Interior Features | Other, Stone Counters |
|---|---|
| Heating | None |
| Cooling | Wall/Window Unit(s) |
| Fireplace | Yes |
Exterior
| Exterior Features | Private Mailbox, Rain Gutters |
|---|---|
| Roof | Shingle |
| Foundation | Other |
Additional Information
| Date Listed | October 2nd, 2023 |
|---|---|
| Days on Market | 208 |
| Zoning | RT |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Juan Vazquez |
|---|---|
| Office | COUNTRYWIDE REALTY PARTNERS LLC |