127 N Grove St Eustis, FL 32726
Estimated payment $14,380/month
Highlights
- No HOA
- Central Heating and Cooling System
- 3-minute walk to Ferran Park
- Laundry Room
- Ceiling Fan
About This Home
Under contract-accepting backup offers. 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.
Listing Agent
SIM REI Brokerage Phone: 352-508-5870 License #3440270 Listed on: 09/05/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $24,644
Year Built
- Built in 1930
Lot Details
- 0.38 Acre Lot
- Additional Parcels
Home Design
- Membrane Roofing
- Stucco
Interior Spaces
- 21,626 Sq Ft Home
- Ceiling Fan
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Bathrooms
Laundry
- Laundry Room
- Laundry in Hall
- Laundry on upper level
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Legal Lot and Block 5 / 036
- Assessor Parcel Number 11-19-26-0100-036-00500
Community Details
Overview
- No Home Owners Association
- 19 Units
- Eustis Subdivision
Building Details
- Gross Income $232,128
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $22,246 | $1,219,162 | $119,814 | $1,099,348 |
| 2024 | $22,246 | $1,279,064 | $119,814 | $1,159,250 |
| 2023 | $22,246 | $1,167,227 | $108,929 | $1,058,298 |
| 2022 | $20,369 | $1,016,680 | $99,026 | $917,654 |
| 2021 | $18,265 | $898,780 | $0 | $0 |
| 2020 | $19,185 | $898,780 | $0 | $0 |
| 2019 | $17,918 | $827,358 | $0 | $0 |
| 2018 | $4,805 | $224,769 | $0 | $0 |
| 2017 | $5,000 | $233,170 | $0 | $0 |
| 2016 | $4,786 | $220,234 | $0 | $0 |
| 2015 | -- | $467,523 | $0 | $0 |
| 2014 | $3,981 | $467,523 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/22/2025 10/22/25 | Pending | -- | -- | -- |
| 10/20/2025 10/20/25 | Price Changed | $2,355,000 | -5.6% | $109 / Sq Ft |
| 09/05/2025 09/05/25 | For Sale | $2,495,000 | -- | $115 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $230,000 | Attorney | |
| Warranty Deed | -- | -- |
Source: Stellar MLS
MLS Number: O6340873
APN: 11-19-26-0100-036-00500
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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