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1102 S CENTER STREET
EUSTIS, FL 32726
Residential Multi Family (Triplex)
0.26 Acres
3492 Sqft Living Area
6 Bedrooms
0 Bathrooms (0 Full, 0 Half)
Year Built: 1948
$298,600
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Property Description
This historic Dutch Colonial triplex, located on a spacious corner lot in Historic Downtown Eustis, offers a unique investment opportunity. Built in 1948, the main house includes two mirror-image, two-story units at 1102 and 1104 S Center St. Each unit features 2 bedrooms, 1 bath, a bonus room, a large living room, and a dining room. The property is filled with natural light thanks to numerous windows, and boasts beautiful wood floors and woodwork crafted from local pines in the Ocala National Forest. Each unit has washer/dryer hookups and a private fenced backyard. The second floor of each unit includes two large bedrooms, a full bath, and a bonus room. Both units are equipped with window unit AC and heat, and unit 1102 can be easily converted back to central AC as the ductwork is already in place. Plumbing and electrical are both updated and roof is 10 years old with at least 5 years left. There is a transferable termite bond. The second building, located at 1106 S Center St, includes two garage stalls, a large workshop or storage area, and a spacious 2-bedroom apartment on the second floor. This apartment has a charming “treehouse” feel with windows on all sides letting in plenty of light. Each unit is separately metered, making it convenient for renting. At market rent, an investor can expect over a 10% ROI. With over a quarter acre and multi-family zoning, there is also potential to tear down and build new luxury units. The property is situated in a quiet neighborhood, just moments away from charming downtown restaurants, shops, and the beautiful waterfront park. Don’t miss out on this excellent investment opportunity!
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Contact Details
Name: Rob Gaudreau
Email: rob32801@gmail.com
MLS Listing Id: O6226531
Agent Phone: (407) 579-2737
List Agent License:
Office Name: MAINFRAME REAL ESTATE
Office Phone: (407) 513-4257
Office MLS Id: 261015573
Listing Status: Active
Copyright © 2024 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2024 OpenHous, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.