$2,495,000 for Sale
127 n grove street , eustis, FL 32726
| Beds 9 | Baths 9 | 21,626 Sqft | 0.38 Acres |
|
1 of 12 |
Property Description
Prime Mixed-Use Investment Property – Fully Renovated & Income Producing This exceptionally well-maintained mixed-use property offers the perfect blend of stable income, modern upgrades, and prime location visibility. With 10 commercial units on the ground floor and 9 residential units upstairs, this building is an ideal investment opportunity with strong long-term tenants already in place. Key Features & Upgrades: Completely re-wired and re-plumbed in 2017–2018. All new AC units 2017/2018, plus new windows throughout (except 1st floor storefront windows facing Grove St). Roof re-coated (July 2025) and building repainted (July 2025) for long-term durability and curb appeal. Fully sprinkled with fire and smoke alarm monitoring. Ample onsite parking with 33 dedicated spaces, plus additional street parking for tenants and customers. Tenant Mix & Income Highlights: 10 Commercial Units (Downstairs): Occupied by established, long-term tenants with a strong history of success. 9 Residential Units (Upstairs): Stable residential occupancy with updated living spaces. Seller Lease-Back: Seller to lease one commercial unit for 12 months at $1,000/month, providing immediate, guaranteed rental income. Water/Sewer bill back on some commercial and residential tenants. Investment Advantages: Rare opportunity to acquire a fully updated, income-generating property with strong tenant retention. Mixed-use diversity ensures income stability across both residential and commercial markets. Turnkey condition—minimal capital improvements needed thanks to extensive renovations and recent updates. This property benefits from high visibility, steady traffic, and excellent accessibility.
General Information
Sale Price: $2,495,000
Price/SqFt: $115
Status: Active
MLS#: O6340873
City: eustis
Post Office: eustis
County: Lake
Subdivision: eustis
Acres: 0.38
Bedrooms:9
Bathrooms:9
House Size: 21,626 sq.ft.
Acreage: 0.38 est.
Year Built: 1930
Property Type: Multi Family
Style:
Features & Room Sizes
Paved Road: Asphalt
Garage: No
Construction: Stucco
Exterior Misc: Sidewalk
Basement: Yes
Basement Description: Full, Unfinished
Foundation : Basement
Cooling: Central Air
Heating: Central
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $24,644
Legal Description: EUSTIS PB 1 PG 79 LOTS 5 6 7 8 BLOCK 36 ORB 4718 PG 1098
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Wesley Owen of SIM REI, Phone: 352-508-5870
