NOT LISTED FOR SALE

527 E Lemon Ave Eustis, FL 32726

-- Bed
6 Baths
5,415 Sq Ft
0.57 Acres

Last Sold May 13, 2022

Last sale price $327,000 $60 Per Sq Ft

35 Days on Market

Highlights

  • 0.57 Acre Lot
  • Covered Patio or Porch
  • Cooling System Mounted To A Wall/Window
  • No HOA
  • Eat-In Kitchen
  • Ceiling Fan

About This Home

As of May 2022

CALLING ALL INVESTORS! FANTASTIC INVESTMENT OPPORTUNITY! Boasting SIX units total, this wonderful multi-family property is situated on a large corner lot near historic downtown Eustis. Three of the six units are currently occupied by tenants with strong rental histories. Five units were remodeled within the last two years and the house boasts a new roof that is only ONE YEAR old! Each unit has a wonderful living room and kitchen, plenty of space to relax! The current owners have started to switch tenants over to an online billing system for utilities, so now three of the five current tenants pay their own utility costs. This provides the next owner with the opportunity to reduce costs by converting the additional tenants to this platform to pay their own utilities. Easy access to downtown Eustis, Mount Dora and SR 453 provides a direct route to Orlando! Please take a look at the attachments for all the pertinent details concerning updating, rent roll and income. Here’s a chance to own a investment property that can generate income for you for years to come!

Last Agent to Sell the Property

Abby Nelson

RE/MAX 200 REALTY License #3092147 Listed on: 03/14/2022

RE/MAX 200 REALTY

Last Buyer's Agent

Derek Hovey

SIERRA REALTY GROUP LLC License #3234014

SIERRA REALTY GROUP LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,289

Year Built

  • Built in 1919

Lot Details

  • 0.57 Acre Lot
  • Lot Dimensions are 138x180

Parking

  • 1 Carport Space

Home Design

  • Bi-Level Home
  • Wood Frame Construction
  • Metal Roof

Interior Spaces

  • 5,415 Sq Ft Home
  • Ceiling Fan
  • Crawl Space
  • Eat-In Kitchen

Outdoor Features

  • Covered Patio or Porch

Schools

  • Eustis Elementary School
  • Eustis Middle School
  • Eustis High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Eustis Subdivision

Building Details

  • Gross Income $75,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,289

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Construction Materials: Wood Frame
  • Fireplace: No
  • Living Area: 5415
  • Lot Size Acres: 0.57
  • New Construction: No
  • Year Built: 1919
  • Lot Size Sq Ft: 24804
  • Tenant Pays: Electricity, Sewer, Water
  • Status: Sold
  • Street Direction: E
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/O6010527?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/O6010527?w=Customer
  • Unit Count: 3
  • Total Acreage: 1/2 to less than 1
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.8177
  • Price per Sq Ft: 60.39
  • Close to Original List Price Ratio: 0.8177
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Ceiling Fans(s), Eating Space In Kitchen
  • Foundation Details: Crawlspace
  • Levels: Two
  • Number Of Buildings: 1

Exterior Features

  • Exterior Features: Sidewalk
  • Roof: Metal
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Covered, Front Porch
  • Road Surface Type: Asphalt
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected
  • Cooling: Wall/Window Unit(s)
  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Schools

  • Elementary School: Eustis Elem
  • High School: Eustis High School
  • Middle Or Junior School: Eustis Middle

Lot Info

  • Zoning: SR
  • Parcel Number: 11-19-26-0100-076-00007
  • Additional Parcels: No
  • Lot Dimensions: 138x180
  • Flood Zone Code: X

Multi Family

  • Gross Income: 75000
  • Number Of Units Total: 6

Tax Info

  • Tax Annual Amount: 4288.74
  • Tax Block: 076
  • Tax Book Number: 1-79
  • Tax Lot: 7
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/13/2022 05/13/22 Sold $327,000 -18.2% $60 / Sq Ft
04/19/2022 04/19/22 Pending -- -- --
04/06/2022 04/06/22 For Sale $399,900 0.0% $74 / Sq Ft
03/30/2022 03/30/22 Pending -- -- --
03/26/2022 03/26/22 For Sale $399,900 0.0% $74 / Sq Ft
03/21/2022 03/21/22 Pending -- -- --
03/14/2022 03/14/22 For Sale $399,900 +88.2% $74 / Sq Ft
10/18/2018 10/18/18 Sold $212,500 -5.6% $40 / Sq Ft View Prior Sale
09/19/2018 09/19/18 Pending -- -- --
09/13/2018 09/13/18 For Sale $225,000 -- $42 / Sq Ft
Source: Stellar MLS

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
2026 $7,206 $366,714 $93,015 $273,699
2025 $6,675 $342,203 $93,015 $249,188
2024 $6,675 $357,154 $93,015 $264,139
2023 $6,675 $333,735 $93,015 $240,720
2022 $5,036 $279,299 $62,010 $217,289
2021 $4,289 $211,035 $0 $0
2020 $4,505 $211,035 $0 $0
2019 $4,410 $203,632 $0 $0
2018 $2,934 $137,257 $0 $0
2017 $2,886 $134,580 $0 $0
2016 $2,925 $134,580 $0 $0
2015 $2,953 $132,635 $0 $0
2014 $2,932 $130,866 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Abby Nelson

    Seller's Agent in 2022

    Abby Nelson

    RE/MAX

    (407) 571-1413

    4 in this area

    440 Total Sales

    Abby Nelson
    Section Image

  • D

    Buyer's Agent in 2022

    Derek Hovey

    SIERRA REALTY GROUP LLC

    (407) 613-2080

    4 in this area

    197 Total Sales

    Derek Hovey
    Section Image
  • Lena Williams

    Seller's Agent in 2018

    Lena Williams

    MORRIS REALTY AND INVESTMENTS

    (352) 636-4488

    6 in this area

    364 Total Sales

    Lena Williams
    Section Image

  • M

    Buyer's Agent in 2018

    Mike Downs

    CHARLES RUTENBERG REALTY ORLANDO

    2 in this area

    4 Total Sales

    Mike Downs
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: O6010527

Stellar MLS

APN: 11-19-26-010007600007

Florida Lake County Eustis 32726

527 E Lemon Ave, Eustis, FL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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