$293,250
$298,600
1.8%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
3 Baths
3,492 SqFt
SOLD DATE : 09/12/2024
Key Details
Sold Price $293,250
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,492 sqft
Price per Sqft $83
Subdivision Eustis Sales Add
MLS Listing ID O6226531
Sold Date 09/12/24
Bedrooms 6
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1948
Annual Tax Amount $4,900
Lot Size 0.260 Acres
Acres 0.26
Property Description
Multiple offers. Seller will review all offers on Sunday 8/4 at 5pm. 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. Roof is approx 10 years old and there are at least 5 years of life 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!
Location
State FL
County Lake
Community Eustis Sales Add
Zoning SR
Rooms
Other Rooms Formal Dining Room Separate, Formal Living Room Separate, Garage Apartment, Storage Rooms
Interior
Interior Features Built-in Features, PrimaryBedroom Upstairs
Heating Electric, Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Flooring Wood
Furnishings Unfurnished
Fireplace false
Appliance Range, Refrigerator
Laundry Electric Dryer Hookup, Outside, Washer Hookup
Exterior
Exterior Feature Irrigation System, Sidewalk
Garage Bath In Garage, Off Street, Workshop in Garage
Garage Spaces 2.0
Utilities Available Cable Available, Electricity Connected
Waterfront false
Roof Type Shingle
Attached Garage false
Garage true
Private Pool No
Building
Lot Description Corner Lot, City Limits, Sidewalk, Paved
Entry Level Two
Foundation Pillar/Post/Pier
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Wood Frame
New Construction false
Construction Status Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with NARROW ROAD REALTY
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