JimMcCleary

* 202 W Idlewild Ave & 506 Fahnstock St, Eustis, FL 32726

$595,000
  • * 202 W Idlewild Ave & 506 Fahnstock St, Eustis, FL 32726 Main Photo

23 Photos

New to the Market Active
BEDS6 BATHS SQUARE FEET2,705 MLS#O6433064
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONEUSTIS IDLEWILD HEIGHTS

Property Description

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.

* 202 W Idlewild Ave & 506 Fahnstock St | MLS# O6433064

This multi-family property located at * 202 W Idlewild Ave & 506 Fahnstock St, Eustis, FL 32726 is currently listed for sale with an asking price of $595,000. Search Eustis real estate on jmccleary.floridaexecutiverealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Garage: 1 car attached
Heating: Central
Lot Size: 0.13 Acres
Roof Type: Shingle
Taxes: $5,176
Year Built: 2022

Amenities

Open Floorplan
Tray Ceiling(s)
Other

Feature Descriptions

Annual Net Income: 45492.00
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.
Exterior: Block
Flood Zone Code: X
Foundation: Slab
Garage Dimensions: 22x12
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.13
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only
Special Sale Provisions: None
Utilities: Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: SR

Listed By / Shown By

Listed By

Agency Name: SIM REI
Agency Contact: 352-508-5870

Shown By

Agent Name: Jim McCleary
Agent Phone: (813) 763-9019
Agency Title: Florida Executive Realty

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Estimated Payment

$ 1,929.09 per month $1,324.21 Principal & Interest $431.33 Property Tax $173.54 Homeowner's Insurance

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