205 S GROVE STREET at

205 S GROVE STREET

For sale Days on market 20

$749,000

$184/sq ft

$1,000
Price Decreased

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Overview

Year Built

1924

Sqft

4066

Property Type

Multi Family

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.

Property Details

MLS#

O6367864

Total Floor in Bldg

Address

205 GROVE S

City

EUSTIS

State/county

Zip/Postal Code

32726

Area

Eustis

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$4,475

Maint Fee

$--

Tax Year

2025

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