About 527 E Lemon Avenue
Investment Opportunity – 6-Unit Multifamily Property Near Historic Downtown Eustis. Full Occupancy! 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 every unit occupied, 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.
Features of 527 E Lemon Avenue
| MLS® # | G5113226 |
|---|---|
| Price | $599,900 |
| Square Footage | 5,415 |
| Acres | 0.57 |
| Year Built | 1919 |
| Type | Commercial Sale |
| Sub-Type | Multi Family (5+) |
| Status | Active |
Listing Details
| Office | ORISON PROPERTIES INC. |
|---|
Listing Map
Neighborhood Information for 527 E Lemon Avenue
Moderate Residential Turnover
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
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Eustis Elementary School Public - Kindergarten to 5Th Grade - Closest Elementry School |
0 Miles | |
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Eustis High School Public - 9Th Grade to 12Th Grade - Closest High School |
0 Miles | |
|
Eustis Heights Elementary School Public - Preschool to 5Th Grade |
1 Miles | |
|
Lake County Prep Academy Private - to |
1 Miles | |
|
|
Alee Academy Charter School Public - 9Th Grade to 12Th Grade |
1 Miles | |
|
|
Lake Virtual Instruction Program Public - Kindergarten to 12Th Grade - Closest Middle School |
1 Miles | |
|
|
Lake Academy Eustis Public - 2Nd Grade to 12Th Grade |
1 Miles |
School data provided by GreatSchools