127 N Grove Street, Eustis, FL 32726 (MLS # O6340873)

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PRICE $2,495,000 dsIDX morgage calculator
BEDS 9
BATHS 9
HOME SIZE 21,626 sqft
LOT SIZE 16,553 sqft

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.

DAYS ON MARKET 24 LAST UPDATED 9/5/2025
TRACT EUSTIS YEAR BUILT 1930
COMMUNITY 32726 - Eustis COUNTY Lake
STATUS Active PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
AREA 32726 - Eustis
BASEMENT Full, Unfinished, Yes
CONSTRUCTION Stucco
HEAT Central
LOT 0.38 acre(s)
SEWER Public Sewer
SUBDIVISION EUSTIS
TAXES 24644.35
UTILITIES Electricity Connected
WATER Public
MORTGAGE CALCULATOR
   

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Listing provided by Wesley Owen, SIM REI, 352-508-5870
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 9/27/25 7:09 AM PDT.

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