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205 S Grove Street, Eustis, FL 32726
$799,000
205 S Grove Street, Eustis, FL 32726View this property at 205 S Grove Street, Eustis, FL 32726
205 S Grove StreetEustisFL32726
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Property Description
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.
Full Property Details
Full Property Details for 205 S Grove St
General
- Price: $799,000
- Taxes: $3,561 (2022)
- Status: Active
- Type: Multi-Family
- MLS ID: O6146514
- Updated: 5/13/2024
- Added to Site: 254 day(s) ago
Interior
- Interior Features: Other, Stone Counters
- Fireplace: Yes
Rooms
Bathrooms
- Total Bathrooms: 7
Bedrooms
- Total Bedrooms: 8
Exterior
- Exterior Features: Private Mailbox, Rain Gutters
Location
- Area: 32726 - Eustis
- County: Lake
- Development Name: 32726 - Eustis
- Subdivision: EUSTIS
- Driving 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 N/FL-417 Toll N. Taking FL-429 S/FL-429 Toll S towards County Rd 46A in Lake County. Salt of FL-429 S/FL-429 Toll S. Take the exit 55c towards International Pkwy. Turns sharply to the Right addressed to International Pkwy. Turn slightly to the left addressed to FL-429 S/FL-429 Toll S (indications for Apopka/Mount Dora). Continue on County Rd 46A, FL-44 W and E Orange Ave towards S Grove St in Eustis. Continue straight on County Rd 46A. Tour to the left addressed to FL-44 W. Continue on E Orange Ave. Tour to the left addressed to S Center St. Tour to the Right at the 2nd intersection towards E Lemon Ave. Tour to the Right at the 1nd intersection towards S Grove St. The destination is on the right. .
Community
- Community Name: 32726 - Eustis
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: None
Utilities
- Sewer: Other
- Water: Public
- Utility Description: Cable TV Available, Electricity Available, Water Available
Structural Information
- # Buildings: 2
- Exterior Const.: Wood Frame
- Roof: Shingle
- Square Feet: 4,066
- Sq. Ft. Source: Public Records
- Year Built: 1924
Lot Features
- Lot Size (Acres): 0.4
- Lot Size (Sq. Ft.): 17,424
- Lot Size: 17424
- Lot Dimensions: 79 x 242
- Street/Road Desc.: Asphalt
Financial Considerations
- Tax Amount: $3,561.9
- Tax Year: 2022
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: EUSTIS LOT 7 BLK 77--LESS S 78.5 FT--PB 1 PG 79 ORB 4531 PG 1039
- Flood Zone Info: X
- APN: 111926010007700700
- Property ID: 111926010007700700
- Block/Lot/Section: 77
Listed by Countrywide Realty Partners Llc
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Schools
Schools serving 205 S Grove St
School District:Lake County School District
Rating | Name | Grades | Distance |
---|---|---|---|
714 E Citrus Ave, Eustis, FL 32726 | PK-5 | 0.3 mi | |
18725 Bates Ave, Eustis, FL 32736 | 6-8 | 2.4 mi | |
1300 Washington Ave, Eustis, FL 32726 | 9-12 | 0.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 205 S Grove St
Date
Details
Price
Change
Source
5/13/2024
Price Reduced
$799,000
-0.06%
MLS
4/09/2024
Price Increased
$799,500
0.06%
MLS
3/29/2024
Price Reduced
$799,000
-3.73%
MLS
2/23/2024
Price Reduced
$830,000
-2.35%
MLS
10/02/2023
Listed
$850,000
112.5%
MLS
5/03/2022
Sold
$400,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 205 S Grove St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,393
23%
$219,638
26%
2022
$3,562
44%
$174,383
43%
2021
$2,474
1%
$121,737
6%
2018
$2,454
1%
$114,810
2%
2017
$2,424
-1%
$113,050
—
2016
$2,457
5%
$113,050
8%
2015
$2,331
-7%
$104,692
-10%
2019
$2,511
31%
$115,959
11%
2014
$1,910
9%
$104,380
—
2013
$1,746
—
$103,976
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 205 S Grove St
205 S Grove Street, Eustis, FL 32726 (MLS# O6146514) is a Multi-Family property with 7 units containing 8 bedrooms and 0 full bathrooms. 205 S Grove Street is currently listed for $799,000 and was received on October 02, 2023. Want to learn more about 205 S Grove Street? Do you have questions about finding other Multi-Family real estate for sale in Eustis? You can browse all Eustis real estate or contact a Coldwell Banker agent to request more information.