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205 and 104 S Grove St Eustis FL 2 Multifamily Properties Offered at $1,399,000 in Eustis, FL
Executive Summary
Fully rehabbed and fully occupied 13 unit multifamily portfolio located in Eustis, FL. This stabilized investment is currently generating $13,210 in monthly gross rent with a strong and consistent rental history. After taxes and insurance, the property is being offered at a 9% cap rate, providing attractive in-place cash flow. The properties have been renovated, reducing near-term capital expenditure needs and allowing a new owner to benefit from immediate income with minimal deferred maintenance. All units are 100% occupied, offering instant returns with no lease-up period required. Conveniently located within the Eustis rental market near local amenities, employment centers, and major roadways. This asset is well-suited for investors seeking a stabilized multifamily property, portfolio expansion, or a 1031 exchange opportunity. Financials available upon request. Showings by appointment only - please do not disturb tenants.
Taxes & Operating Expenses (Actual - 2025) |
Annual |
|---|---|
| Gross Rental Income |
$144,680
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$144,680
|
| Taxes |
$12,300
|
| Operating Expenses |
$6,600
|
| Total Expenses |
$18,900
|
| Net Operating Income |
$125,780
|
Taxes & Operating Expenses (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $144,680 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $144,680 |
| Taxes | |
|---|---|
| Annual | $12,300 |
| Operating Expenses | |
|---|---|
| Annual | $6,600 |
| Total Expenses | |
|---|---|
| Annual | $18,900 |
| Net Operating Income | |
|---|---|
| Annual | $125,780 |
Property Facts
| Price | $1,399,000 | Number of Properties | 2 |
| Price / SF | $179.18 / SF | Individually For Sale | 0 |
| Cap Rate | 8.99% | Total Building Size | 7,808 SF |
| Sale Type | Investment | Total Land Area | 0.82 AC |
| Status | Active |
| Price | $1,399,000 |
| Price / SF | $179.18 / SF |
| Cap Rate | 8.99% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 7,808 SF |
| Total Land Area | 0.82 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 205 S Grove St, Eustis, FL 32726 | Multifamily | 4,066 SF | 1924 | - |
| 104 S Grove St, Eustis, FL 32726 | Multifamily | 3,742 SF | 1924 | - |
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Contacts
-
Karuna Buildings LLC Giovana Prado Barrios -
Juan
Vazquez
- Karuna Buildings LLC
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Karuna Buildings LLC
205 and 104 S Grove St Eustis FL
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