Address
233 E Key AVENUE, EUSTIS, FL
Price
$ 1,300,000
Property Attributes
  • MLS#G5080862
  • TypeIncome
  • CountyLAKE
  • CityEUSTIS
  • AreaEustis
  • NeighborhoodEustis
  • Zip32726
  • StyleMulti Family
  • Year Built1914
  • Taxes$ 10334
  • Price$ 1,300,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7502
  • Lot Size0.49 Acres
Data Source:
Stellar MLS
Property Description

Welcome to your next income-producing gem nestled in the heart of Central Florida! This charming 10-unit, two-story apartment building is an investor's dream come true. Featuring a diverse mix of units including two spacious 2-bedrooms, six cozy 1-bedrooms, and two convenient studios, this property caters to a wide range of tenant needs, ensuring steady occupancy and reliable cash flow. Recent upgrades including a brand new roof and updated gas lines ensure peace of mind for the savvy investor, while each unit boasts its own central HVAC system for maximum comfort year-round. Conveniently located in Eustis, part of the vibrant golden triangle, this property offers easy access to Mount Dora, Tavares, and Downtown Orlando via the new expressway, making it a desirable destination for renters seeking convenience and connectivity. Key Features: Centrally located with easy access to amenities Walking distance to Downtown Eustis Minutes from multiple Publix grocery stores Close to shopping and dining options On-site coin-operated laundry for additional revenue Don't miss out on this lucrative opportunity to own a piece of rapidly growing Eustis, with its 27,000+ residents and booming rental market. Whether you're a seasoned investor or just starting out, this property offers both character and charm alongside solid returns. Schedule your viewing today and unlock the potential of this income-producing asset in the heart of Central Florida! For more information or to schedule a viewing, contact us or your local agent for more information. Please do not disturb our great residents.

Price History
4/17/2024 Listed $1,300,000

General Features

Interior Features Other
Sewer Private Sewer
Heating Central,Electric
Cooling Central Air
Utilities Electricity Available
Roof Shingle
Exterior Features Outbuilding
Zoning RT
Patio/Porch Features Front Porch
Construction Materials Brick,Stucco
Year Built 1914
Property SubType Multi Family
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 120600
County Lake
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name EUSTIS
Garage Y/N No
Status Active
Directions Head west on US-441 N Slight right to merge onto FL-19 N/S Bay St toward Eustis/Umatilla Continue to follow FL-19 N 1.6 mi Continue straight onto Paul Brown Pkwy 0.1 mi Continue onto S Grove St
ModificationTimestamp 2024-04-17T23:51:35.307Z
City EUSTIS
Buyer Agent Compensation 3%
Disclosures Seller Property Disclosure
View Y/N No
Senior Community Y/N No
NumberOfUnitsTotal 1
MLS Area 32726 - Eustis
Lot Size Units Square Feet
Lot Size Square Feet 21302
Waterfront Y/N No
Carport Y/N No
Street Name Key
Land Lease Y/N No
Tax Annual Amount 10334
Property Condition Completed
Ok to Lease 12 Months
Additional Parcels Y/N No
Lease Considered Y/N Yes
Virtual Tour https://www.propertypanorama.com/instaview/stellar/G5080862
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 3
Total Actual Rent 118200
Legal Description EUSTIS BEG AT A POINT 227.50 FT E OF SW COR OF BLK 86 RUN E 75 FT N 160 FT W 75 FT S 160 FT TO POB FROM SE COR OF BLK 86 RUN N 80 FT W PARALLEL TO THE S LINE OF SAID BLK 86 A DIST OF 200 FT FOR POB R
Minimum Lease No Minimum
Water Access Y/N No
Water View Y/N No
Flood Zone Code X

Interior Features

Basement Partial
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Laundry Features Other
LivingAreaSource Public Records

Exterior Features

Parking Features Off Street
Lot Features City Lot
Water Source Public
Lot Size Area 21302
Foundation Details Basement,Crawlspace
Number of Buildings 2
Street Suffix AVENUE
Lot Size Acres 0.49
Road Surface Type Brick
Number of Separate Water Meters 1
Number of Separate Electric Meters 1
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 32726

Price
AVG $840K
$1.3M
Taxes
AVG $7,844
$10,334
Visits
AVG 639
726
Data Provided by Inside Real Estate®
Year Built
AVG 1952
1914