$595,000

* 202 W Idlewild Ave & 506 Fahnstock St Eustis, FL 32726 Multi Unit - Multiple Active

  • * 202 W Idlewild Ave & 506 Fahnstock St , Eustis, FL 32726 Main Photo

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Description

Excellent investment opportunity featuring two newer-construction single-family homes, both currently tenant-occupied and producing immediate rental income. Please do not disturb the tenants. The first home was built in 2022 and is currently leased for $2,400 per month, with the lease expiring August 31, 2026. The second home was built in 2023 and is currently leased for $2,430 per month, with the lease expiring July 31, 2026. Both tenants have occupied their respective homes since construction was completed, providing a strong history of long-term occupancy.The homes feature attractive modern finishes, including wood-look tile flooring, quartz countertops, stainless steel appliances, tray ceilings, and spacious open-concept living areas. These newer homes combine stylish design with durable, low-maintenance finishes that appeal to both tenants and investors.Together, the properties generate $4,830 per month in gross rental income, or $57,960 annually at the current lease rates. The seller prefers to sell both properties together as a package, offering an excellent opportunity to acquire two stabilized rentals at once, but may consider selling the homes individually.With newer construction, established tenants, similar finishes and locations, and upcoming lease flexibility, this is an attractive opportunity for an investor seeking dependable rental income with long-term upside.

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: Central Air
Garage: 1 car attached
Heating: Central
Lot Size: 0.13 Acres
Roof Type: Shingle
Taxes: $5,176
Year Built: 2022

General Information

Bedrooms: 6
Sqft: 2,705
County: Lake
Subdivision: EUSTIS IDLEWILD HEIGHTS
Listed By:
Wesley Owen SIM REI 352-508-5870

Amenities

Open Floorplan
Tray Ceiling(s)
Other

Property Features

Annual Net Income: 45492.00
Directions: From S Bay St/US-19 in Eustis, turn L onto W Idlewild Ave to 202 W Idlewild Ave. For 506 Fahnstock St: take SR-19/Bay St north into Eustis. Turn right onto E Lakeview Ave, left onto Haselton St, left onto Washington Ave, then right onto Fahnstock St.
Exterior: Block
Flood Zone Code: X
Foundation: Slab
Garage Dimensions: 22x12
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.13
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only
Special Sale Provisions: None
Utilities: Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: SR
$595,000
6beds
2,705sqft
1cars
New to the Market Active
BEDS6 BATHS SQUARE FEET2,705 MLS#O6433064
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONEUSTIS IDLEWILD HEIGHTS

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* 202 W Idlewild Ave & 506 Fahnstock St , Eustis, FL 32726.

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Estimated Payment

$ 2,611.71 per month $2,006.84 Principal & Interest $431.33 Property Tax $173.54 Homeowner's Insurance

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