127 N GROVE STREET, Eustis, FL 32726

  • $2,355,000
  • $2,495,000

Overview

Property ID: HZO6340873
  • Multi Family, Residential Income
  • Property Type
  • 9
  • Bedrooms
  • 9
  • Bathrooms

Description

Prime Mixed-Use Investment Property – Fully Renovated & Income Producing

This exceptionally well-maintained mixed-use property offers the perfect blend of stable income, modern upgrades, and prime location visibility. With 10 commercial units on the ground floor and 9 residential units upstairs, this building is an ideal investment opportunity with strong long-term tenants already in place.

Key Features & Upgrades:
Completely re-wired and re-plumbed in 2017–2018.
All new AC units 2017/2018, plus new windows throughout (except 1st floor storefront windows facing Grove St).
Roof re-coated (July 2025) and building repainted (July 2025) for long-term durability and curb appeal.
Fully sprinkled with fire and smoke alarm monitoring.
Ample onsite parking with 33 dedicated spaces, plus additional street parking for tenants and customers.

Tenant Mix & Income Highlights:
10 Commercial Units (Downstairs): Occupied by established, long-term tenants with a strong history of success.
9 Residential Units (Upstairs): Stable residential occupancy with updated living spaces.
Seller Lease-Back: Seller to lease one commercial unit for 12 months at $1,000/month, providing immediate, guaranteed rental income.
Water/Sewer bill back on some commercial and residential tenants.

Investment Advantages:
Rare opportunity to acquire a fully updated, income-generating property with strong tenant retention.
Mixed-use diversity ensures income stability across both residential and commercial markets.
Turnkey condition—minimal capital improvements needed thanks to extensive renovations and recent updates.
This property benefits from high visibility, steady traffic, and excellent accessibility.

  • Address: 127 N GROVE STREET
  • City: Eustis
  • State/county: FL
  • Zip/Postal Code: 32726
  • Country: US

Details

Updated on November 11, 2025 at 2:46 pm
  • Property ID HZO6340873
  • Price $2,355,000
  • Land Area 0.38 Acres
  • Bedrooms 9
  • Bathrooms 9
  • Garage Size x x
  • Year Built 1930
  • Property Type Multi Family, Residential Income
  • Property Status Canceled

Additional details

  • Listing Terms Cash,Conventional
  • Roof Membrane
  • Utilities Electricity Connected
  • Sewer Public Sewer
  • Cooling Central Air
  • Heating Central
  • County Lake
  • Property Type Residential Income

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Jamie Stevens

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