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Wade M. Berlin

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Broker IDX Sites Inc.
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127 Grove Street
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PRICED AT ONLY: $2,495,000

Address: 127 Grove Street, EUSTIS, FL 32726

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 20172018. 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 conditionminimal capital improvements needed thanks to extensive renovations and recent updates. This property benefits from high visibility, steady traffic, and excellent accessibility.
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  • MLS#: O6340873 ( Residential Income )
  • Street Address: 127 Grove Street
  • Viewed: 4
  • Price: $2,495,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1930
  • Bldg sqft: 0
  • Bedrooms: 9
  • Total Baths: 9
  • Days On Market: 4
  • Additional Information
  • Geolocation: 28.8543 / -81.6833
  • County: LAKE
  • City: EUSTIS
  • Zipcode: 32726
  • Subdivision: Eustis
  • Provided by: SIM REI
  • Contact: Wesley Owen
  • 352-508-5870
  • mfrmls
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Features
Building and Construction
  • Basement: Full, Unfinished
  • Covered Spaces: 0.00
  • Exterior Features: Sidewalk
  • Living Area: 21626.00
  • Roof: Membrane
Property Information
  • Property Condition: Completed
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Electricity Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Country: US
  • Interior Features: Ceiling Fans(s)
  • Legal Description: EUSTIS PB 1 PG 79 LOTS 5 6 7 8 BLOCK 36 ORB 4718 PG 1098
  • Area Major: 32726 - Eustis
  • Occupant Type: Owner
  • Parcel Number: 11-19-26-0100-036-00500
  • Possession: Close Of Escrow
  • Zoning Code: CBD

Contact Info

  1. The Real Estate Professional You Deserve
  2. Mobile: 904.248.9848
  3. phoenixwade@gmail.com
Wade M. Berlin