$749,000
Active · 153 days on market · MLS# MFRO6367864
| Living area | 4,066 sq ft |
|---|---|
| Lot size | 0.4 acres |
| Year built | 1924 |
| Property type | Multi-Family 5+ |
| Waterfront | Yes |
| Annual taxes | $4,476 |
| County | Lake |
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.
Listing courtesy of Juan Vazquez, LPT REALTY, LLC. Presented by MC Homes Realty Inc · 727432218.