Property Description

Investment Opportunity – 6-Unit Multifamily Property Near Historic Downtown Eustis.
Great opportunity to acquire a 6-unit multifamily property located just minutes from historic downtown Eustis, waterfront parks, shopping, dining, and entertainment. Originally built in 1919, this income-producing property offers historic character combined with significant upside potential. The property consists of six residential units with four units currently occupied and two vacant units currently available for lease, providing an immediate opportunity to increase cash flow. Unit mix includes one 3-bedroom/2-bath unit, one 2-bedroom/1-bath unit, and four 1-bedroom/1-bath units.
Several tenants have established rental histories, with a combination of long-term occupants and month-to-month tenancy providing flexibility for future management strategies. Conveniently located within close proximity to downtown Eustis and major transportation corridors, the property is well-positioned to benefit from continued growth throughout Lake County.
With two vacant units ready for lease-up and several existing rents offering potential for future adjustment, investors have the opportunity to increase income and maximize returns. This property presents an excellent opportunity for investors seeking a value-add multifamily asset with much of the heavy lifting already completed. Rent roll, lease information, and operating expense summary available upon request. Buyer to verify all measurements, zoning, future use, financial projections, and all information deemed important to the buyer. Do not disturb tenants. Showings by appointment only.

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Property Details

Interior

Building Area Total

5855

Cooling

Wall/Window Unit(s)

Heating

Natural Gas

Living Area

5415

Construction

Building Area Source

Public Records

Building Area Units

Square Feet

Construction Materials

Wood Frame

Foundation Details

Crawlspace

Levels

Two

Living Area Source

Public Records

Living Area Units

Square Feet

Number Of Units Total

6

Roof

MetalShingle

Stories Total

2

Year Built

1919

Site & Exterior

Flood Zone Code

X

I D X Participation

Yes

Lot Features

Corner LotSidewalk

Lot Size Acres

0.57

Lot Size Area

24804

Lot Size Dimensions

138 x 180

Lot Size Square Feet

24804

Lot Size Units

Square Feet

Number Of Separate Electric Meters

Yes

Number Of Separate Water Meters

Yes

Public Survey Range

26E

Public Survey Section

11

Road Frontage Type

City Street

Road Responsibility

Public Maintained Road

Road Surface Type

Asphalt

Sewer

Public Sewer

Total Acreage

1/2 to less than 1

Utilities

Electricity AvailableNatural Gas Available

Water Source

Public

Zoning

SR

Financials

Calculated List Price By Calculated Sq Ft

107.43

Contract Status Change Date

2026-06-20

Current Price

629000

Feed Types

BBO

Owner Name

ALVADEN LLC

Ownership

Fee Simple

Parcel Number

111926010007600007

Public Survey Township

19S

Tax Annual Amount

7283

Tax Block

076

Tax Book Number

1-79

Tax Legal Description

EUSTIS E 138 FT OF S 179.5 FT BLK 76 PB 1 PG 79 ORB 5187 PG 1441

Tax Lot

7

Tax Year

2025

Neighborhood & Lifestyle

Community & Association

Community Features

Sidewalks

M L S Area Major

32726 - Eustis

Subdivision Name

EUSTIS

Listing provided courtesy of STELLAR via IDX. Updated: Jun 26, 2026, 5:08pm.

527 E LEMON AVENUE

527 E LEMON AVENUE

Property Description

Property Details

Interior

Construction

Site & Exterior

Financials

Neighborhood & Lifestyle

Community & Association

Stephanie Frederick

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527 E LEMON AVENUE

527 E LEMON AVENUE

Property Description

Property Details

Interior

Construction

Site & Exterior

Financials

Neighborhood & Lifestyle

Community & Association

Stephanie Frederick