202 W IDLEWILD AVE & 506 FAHNSTOCK ST, Eustis, Florida, United States, 32726
595,000
for Sale
6
4
5,725
About the property:
Excellent investment opportunity featuring two newer-construction single-family homes, both currently tenant-occupied and producing immediate rental income. Please do not disturb the tenants.
The first home was built in 2022 and is currently leased for $2,400 per month, with the lease expiring August 31, 2026. The second home was built in 2023 and is currently leased for $2,430 per month, with the lease expiring July 31, 2026. Both tenants have occupied their respective homes since construction was completed, providing a strong history of long-term occupancy.
The homes feature attractive modern finishes, including wood-look tile flooring, quartz countertops, stainless steel appliances, tray ceilings, and spacious open-concept living areas. These newer homes combine stylish design with durable, low-maintenance finishes that appeal to both tenants and investors.
Together, the properties generate $4,830 per month in gross rental income, or $57,960 annually at the current lease rates. The seller prefers to sell both properties together as a package, offering an excellent opportunity to acquire two stabilized rentals at once, but may consider selling the homes individually.
With newer construction, established tenants, similar finishes and locations, and upcoming lease flexibility, this is an attractive opportunity for an investor seeking dependable rental income with long-term upside.
- Property Type:
- Duplex
- Status:
- for Sale
- House Style:
- Other
- Bedrooms:
- 6
- Bathrooms:
- 4
- Acres:
- 0.13
- Square Feet:
- 2705
- Area:
- 32726 - Eustis
- Central A/C:
- Yes
- Central A C Details:
- Central Air
- Water:
- Public
- Heating:
- Central
- Exterior:
- Other
- Interior Features:
- Open Floorplan, Tray Ceiling(s)
- Sewer:
- Public Sewer
- Directions:
- From S Bay St/US-19 in Eustis, turn L onto W Idlewild Ave to 202 W Idlewild Ave. For 506 Fahnstock St: take SR-19/Bay St north into Eustis. Turn right onto E Lakeview Ave, left onto Haselton St, left onto Washington Ave, then right onto Fahnstock St.
- Association Fee:
- 0
- Is Investment:
- Yes
- Is Investment Opportunity:
- Yes
- Is Maintenance:
- Yes
- Annual Property Taxes:
- 5,176
- Listing ID:
- O6433064
Rooms
Dimensions
Brokered by:
Sim Rei
Presented By: