About * 202 W Idlewild Ave & 506 Fahnstock St
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.
Features of * 202 W Idlewild Ave & 506 Fahnstock St
| MLS® # | O6433064 |
|---|---|
| Price | $595,000 |
| Bedrooms | 6 |
| Bathrooms | 4.00 |
| Square Footage | 2,705 |
| Acres | 0.13 |
| Year Built | 2022 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Status | Active |
Listing Details
| Office | SIM REI |
|---|
Listing Map
Neighborhood Information for * 202 W Idlewild Ave & 506 Fahnstock St
Moderate Residential Turnover
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
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Lake Academy Eustis Public - 2Nd Grade to 12Th Grade |
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Lake Virtual Instruction Program Public - Kindergarten to 12Th Grade - Closest Elementry School |
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Nonschool Adult Education Public - to |
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Lake Technical College Public - to |
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Alee Academy Charter School Public - 9Th Grade to 12Th Grade |
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Eustis Heights Elementary School Public - Preschool to 5Th Grade |
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Faith Lutheran School Private - Preschool to 8Th Grade - Closest Middle School |
0 Miles |
School data provided by GreatSchools