127 N GROVE ST Eustis, FL 32726
9 Beds
9 Baths
21,626 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 21,626 sqft
Price per Sqft $115
Subdivision Eustis
MLS Listing ID O6340873
Bedrooms 9
Construction Status Completed
HOA Y/N No
Year Built 1930
Annual Tax Amount $24,644
Lot Size 0.380 Acres
Acres 0.38
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
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.
Location
State FL
County Lake
Community Eustis
Area 32726 - Eustis
Zoning CBD
Interior
Interior Features Ceiling Fans(s)
Heating Central
Cooling Central Air
Fireplace false
Laundry Corridor Access, Laundry Room, Upper Level
Exterior
Exterior Feature Sidewalk
Utilities Available Electricity Connected
Roof Type Membrane
Garage false
Private Pool No
Building
Foundation Basement
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Stucco
New Construction false
Construction Status Completed
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
