Turn-key ready Duplex, 15% ROI – S Mary St, Eustis, FL 32726 For Sale

  • $99,500
  • 5 beds
  • 2 baths
  • 1,443 sqft

This TURNKEY, ready investment property, multi-family house is located near the historic district and new Downtown Waterfront Entertainment District of Eustis.  Loaded with equity and cash flow and just a few blocks from the shops, restaurants, lakefront parks and museums.  It’s also walking distance from Eustis Elementary and Eustis High School. Based on the current rents, minus 10% for vacancy and loss and an estimated $4,000 for taxes and insurance and you have an estimated ROI of 15%.  This is a great deal and is priced based on the possible upcoming market conditions.

DRIVE BY ONLY AND DO ALL DUE DILIGENCE FIRST.  WE WILL SET UP A SHOWING FOR ALL INVESTORS TO GET IN AT ONE TIME.

Apt 1: 2/1 – currently VACANT, expected rent for $900/m
Apt 2: 3/1 – currently OCCUPIED, rented for $1050/month. Tenant only about a month into a year lease.

COMPS
17 N Mary St, Eustis, FL 32726 (Duplex)
Yr Built 1900 / 1,312 sqft – 1/1 expected rent $650 & 2/1 expected rent $850
SOLD for $126k on 12/28/19

8 Dewitt Ct, Eustis, FL 32726 (Duplex)
Yr built 1919 / 1694 sqft – 1/1 expected rent $775 & 2/2 expected rent $1100
SOLD for $169k on 1/8/20

714 E Orange Ave, Eustis, FL 32726 (Duplex)
Year Built 1900 / 1763 sqft – 1/1 expected rent $650 & 3/2 expected rent $1225
PENDING for $199k in 10 days!

Price:
$99,500
Address:
S Mary St
Eustis, FL 32726
Square Feet:
1,443
Lot Size:
.20 Acres
Bedrooms:
5
Bathrooms:
2
Terms:
For Sale
Property Type:
Duplex
Year Built:
1900
Const. Type:
Frame

Additional Features

Detached 1 car garage (420 sqft)

Call (407) 678-0062 for more details

Property Location