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.
Property Type(s):
Multi Family
|
Last Updated
|
5/13/2024
|
Tract
|
EUSTIS
|
|
Year Built
|
1924
|
Community
|
32726 - Eustis
|
|
County
|
Lake
|
Price History
|
Prior to Feb 23, '24
|
$850,000 |
|
Feb 23, '24 - Mar 29, '24 |
$830,000 |
|
Mar 29, '24 - Apr 9, '24 |
$799,000 |
|
Apr 9, '24 - May 13, '24 |
$799,500 |
| May 13, '24 - Today |
$799,000 |
Additional Details
| AIR |
Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| AREA |
32726 - Eustis |
| BUYER'S BROKERAGE COMPENSATION |
2% |
| EXTERIOR |
Rain Gutters |
| HEAT |
None |
| INTERIOR |
Other, Stone Counters |
| LOT |
0.4 acre(s) |
| LOT DIMENSIONS |
79x242 |
| SEWER |
Other |
| SUBDIVISION |
EUSTIS |
| TAXES |
3561.9 |
| UTILITIES |
Cable Available, Electricity Available, Water Available |
| WATER |
Public |
| ZONING |
RT |
Listing provided by Juan Vazquez, COUNTRYWIDE REALTY PARTNERS LLC, 407-401-8790
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 5/19/24 1:04 AM PDT.
This IDX solution is (c) Diverse Solutions 2024.
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