7 months on rocket

205 S Grove St, Eustis, FL, 32726

$799,500

Home List Price

$9,494*

Closing Credit

8 Bedrooms
7 Baths
4,066 SqFt
$197/SqFt
Multi
Schools Nearby

Location

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205 S Grove St, Eustis$799,500

Buyer Closing Credits

$9,494*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1924
HeatingNone
CoolingWall/Window Unit(s)
MLS #O6146514
Lot Size0.40 Acres
StatusActive

About 205 S Grove St

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 Details

Property Features

Property Information:

  • Year Built: 1924
  • Living Area: 4,066 SqFt

Listing Office:

  • Office Name: COUNTRYWIDE REALTY PARTNERS LLC
  • Office Phone: (407) 401-8790
  • Listing Agent: Juan Vazquez

Interior Features

Interior Information:

  • Interior: Other, Stone Counters

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Private Mailbox, Rain Gutters

Virtual/3D Tour

  • Virtual Tour: 205 S Grove St

Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.40 Acres

Utilities

Utilities Information:

  • Heating: None
  • Cooling: Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • Eustis High School, Public District Grades 9-12
  • Lake Virtual Franchise, Public District Grades 6-12
  • Eustis Middle School, Public District Grades 6-8
  • Eustis Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Access FL-417 N/FL-417 Toll N since University Blvd. Tour to the Right addressed to S Semoran Blvd. Tour to the left for joining FL-417 N/FL-417 Toll N in the direction of Sanford. Continue on FL-417 N/FL-417 Toll N. Taking FL-429 S/FL-429 Toll S towards County Rd 46A in Lake County. Salt of FL-429 S/FL-429 Toll S. Take the exit 55c towards International Pkwy. Turns sharply to the Right addressed to International Pkwy. Turn slightly to the left addressed to FL-429 S/FL-429 Toll S (indications for Apopka/Mount Dora). Continue on County Rd 46A, FL-44 W and E Orange Ave towards S Grove St in Eustis. Continue straight on County Rd 46A. Tour to the left addressed to FL-44 W. Continue on E Orange Ave. Tour to the left addressed to S Center St. Tour to the Right at the 2nd intersection towards E Lemon Ave. Tour to the Right at the 1nd intersection towards S Grove St. The destination is on the right. .

Price Information

Listing Price Info

Price Summary:

  • List Price: $799,500
  • Price Per SqFt: $197/SqFt

Tax Information:

  • Annual Amount: $2,599
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Eustis, FL.

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Eustis, FL

City

Med. Sold Price

$347.1K

Med. Price/SqFt

$202

Avg. Days On Market

48

# of Sold Homes

53

205 S Grove St vs Eustis

215 DAYS ON ROCKET

+167 Days

$799,500

+$452.4K More

$197/SqFt

-$6 Less

KEY TAKEAWAY

This property is $452.4K more than the Median Sold Price and $6/SqFt less than other homes in Eustis, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #O6146514

Listing Office:

  • Office Name: COUNTRYWIDE REALTY PARTNERS LLC
  • Office Phone: (407) 401-8790
  • Listing Agent: Juan Vazquez

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/5/2024, 8:19:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 25, 2014Home Sold
$41,500
May 10, 2006Home Sold
$270,000
Dec 20, 2004Home Sold
$110,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,599$121,737
2019$2,511$115,959
2018$2,454$114,810
2017$2,424$113,050

History based on county public records data.

Payment Calculator

$4,058

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,463

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6380845
3
/10

  • Eustis Elementary School

  • 714 E Citrus Ave

  • 0.32 miles

  • Public District Grades PK-5

Middle School

school-card-donut-6380846
3
/10

  • Eustis Middle School

  • 18725 Bates Ave

  • 2.39 miles

  • Public District Grades 6-8

High School

school-card-donut-6380847
4
/10

  • Eustis High School

  • 1300 E Washington Ave

  • 0.73 miles

  • Public District Grades 9-12

school-card-donut-6380848
4
/10

  • Lake Virtual Franchise

  • 201 W Burleigh Blvd

  • 3.90 miles

  • Public District Grades 6-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,250. Most Eustis, FL residents have annual incomes between $35k-100k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Lake County›Eustis›32726›205 S Grove St

This home is located at 205 S Grove St in Eustis, FL and zip code 32726. This 4,066 square foot home, which was built in 1924, sits on a 0.40 acre lot. Features: 8 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since October 03, 2023 and is currently priced at $799,500.

In April 2024 more than 7 listings in Eustis, FL were sold above the asking price. During the same period more than 14 listings were sold at asking price, while more than 32 were sold below. The number of homes for sale in Eustis, FL decreased by 0.9% between March 2024 and April 2024. In April 2024, listings were on the market for 48 days. During the same period, the median list price in this real estate market was $347,100.

From Rocket Homes Real Estate and based on county public records data.

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