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: