1. Florida
  2. Eustis
  3. 127 N GROVE STREET
$2,495,000

127 N GROVE STREET, Eustis, FL 32726

  • 9 beds |
  • 9 baths |
  • 21,626 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1930
  • Property Lot Size Icon0.38acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $115/sqft
  • Property List Date Icon Listed 8 days ago

Property Description

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.

Listing Status:
Active
Date Added:
September 5, 2025 at 05:00AM
Listing Office:
SIM REI : 352-508-5870
Listing Agent:
Wesley Owen : 352-434-9441
MLS ID:
O6340873
  • General: Ceiling Fan(s)
  • Laundry: Corridor AccessLaundry RoomUpper Level
  • Basement: FullUnfinished
  • A/C: Central Air
  • Heating: Central

This listing courtesy of Wesley Owen, SIM REI

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

E

Eustis Elementary School

714 E Citrus Ave, Eustis, FL, 32726

Grades PK-5

0.39 miles away

L

Lake Virtual Franchise

200 W Golf Links Ave, Eustis, FL, 32726

Grades KG-12

1.29 miles away

E

Eustis High School

1300 Washington Ave, Eustis, FL, 32726

Grades 9-12

0.84 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.