527 E Lemon Avenue, Eustis, FL 32726 | MLS G4826062 | Listing Information | BHHS Florida Realty

527 E Lemon Avenue,  Eustis FL, 32726

Status: Sold
MLS#: G4826062
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888.534.1116
relopro@bhhsfloridarealty.com
Last Updated: 12/2/2016 12:23 PM
Description for 527 E Lemon Avenue Eustis, FL 32726
They don't make 'em like they used to! This historic building was built in 1919 and still boasts many of the original finishing touches such as two double sided fireplaces (no longer in use) with original tile work and mantles. In a previous life this home was one of the historic jewels of Eustis. Many years ago it was converted to a 6 unit apartment complex... a 2 BR and two 1 BR apartments upstairs and a 3 BR and two 1 BRs downstairs. Total monthly gross income is $4,000. Owner pays power and water, tenants pay gas. Power, water, and trash average approx. $1100 per month. Building has a subterranean termite bond through Massey and is still covered by a Massey drywood termite warranty from tenting in 2015. All but one of the current tenants have lived in the building for over 1 year. This property has averaged about 90-95% occupancy. Run the #s... an owner occupant could easily live here expense free... or investors can bring in a 12%+ CAP rate. Call for an appointment today!
Price
Sold Price:
$185,000
Sold Date:11/09/2016
Eustis
Lake
G4826062
Closed
Description
They don't make 'em like they used to! This historic building was built in 1919 and still boasts many of the original finishing touches such as two double sided fireplaces (no longer in use) with original tile work and mantles. In a previous life this home was one of the historic jewels of Eustis. Many years ago it was converted to a 6 unit apartment complex... a 2 BR and two 1 BR apartments upstairs and a 3 BR and two 1 BRs downstairs. Total monthly gross income is $4,000. Owner pays power and water, tenants pay gas. Power, water, and trash average approx. $1100 per month. Building has a subterranean termite bond through Massey and is still covered by a Massey drywood termite warranty from tenting in 2015. All but one of the current tenants have lived in the building for over 1 year. This property has averaged about 90-95% occupancy. Run the #s... an owner occupant could easily live here expense free... or investors can bring in a 12%+ CAP rate. Call for an appointment today!
Listing Information
Property Type: Other, Historical
0.57 Acres $36.46 1919
Siding, Wood Frame
19//
Eustis
City, Fire Hydrant
Public Sewer
Natural Gas, Electric
6 Total
Neighborhood
School Information
EUSTIS ELEM EUSTIS MIDDLE EUSTIS HIGH SCHOOL
Room Information
Interior Features
Refrigerator
Vinyl, Laminate, Wood
Wall Air Conditioning
Exterior / Lot Features
Open Parking
Siding
Balcony, Covered
Metal
None
No Pool
140 x 178, 1/2 Acre to 1 Acre
SR
Shed / Utility Building, Sidewalks, Close to Bus Line, Corner, Historic Area, In City, Paved Road
Community Features
Bus Line
Driving Directions
SR 44 (Orange Ave) to South on Mary St. Building it at the corner of Lemon and Mary St.
Financial Considerations
11-19-26-010007600007
$2,953
2015
Market Trends and Price History
Listing Price History

Eustis Real Estate

Eustis is located in Florida. Eustis, Florida 32726 has a population of 18,727.

The median household income in Eustis, Florida 32726 is $41,321. The median household income for the surrounding county is $45,663 compared to the national median of $53,046. The median age of people living in Eustis 32726 is 43.5 years.

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Courtesy: NARROW ROAD REALTY


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