Mechanic Shop with Apartment! – FL 32726 For Sale

  • $375,000
  • 1 beds
  • 1 baths
  • 2,552 sqft

Property Details:

Located five minutes from downtown Eustis is this income-producing mechanic shop with a one-bedroom, one-bathroom home. Currently, the shop is rented at $1,500 along with $800 rent for the single-family home both on a month-to-month basis. The shop had an electrical system update and roof replacement about four years ago. With regard to the breakdown of square footage, the shop is 1,980 square feet and the rear unit is 572 square feet. The market rate for both units can be increased from the current gross income of $2,300 to at least $3,000. Furthermore, we have valued this commercial space at $430,000. With current comparables averaging $182 per square foot, our $168 per square foot value is in right line with local market values. These specialized commercial opportunities don’t come around too often, for more information contact us.

Price:
$375,000
Address:
S Grove St
Eustis, FL 32726
Square Feet:
2,552
Bedrooms:
1
Bathrooms:
1
Terms:
For Sale
Property Type:
Multi-family
Year Built:
1934
Basement:
$9,500
MLS #:
$450,000

Call (321) 379-5777 for more details

Property Location