Teresa Jacalone
Property Description
Investment Opportunity in the Heart of Eustis! Welcome to 301 E Atwater Ave - a Single Family 3/1 home with an 2/2 Duplex located adjacent on 1305 S Dewey St, all on one tax parcel! Located just minutes from charming downtown Eustis. This partially occupied income-producing property offers an ideal mix of unit sizes and strong rental potential, making it a perfect addition to any investor's portfolio or a great opportunity for house-hackers. New Roofs on both buildings completed May 2025! The House on 301 E Atwater features a freshly renovated spacious 3-bedroom, 1-bath with a bright and open layout, laundry room with hookups, boasting new paint interior and exterior, new flooring, and granite counters. 1305 S Dewey Duplex offers two, 1/1 comfortable layouts w/ a shared laundry space for tenants along with an outdoor covered rear porch. Apartment #1 upstairs has been fully renovated with new paint interior, new floors, new kitchen cabinets and granite counters, and all new fixtures. Apartment #2 located downstairs is currently occupied on a signed lease. Situated on a generously sized fenced in lot. Located in a growing area of Lake County, this property is conveniently close to schools, parks, shopping, and public transit, with easy access to US-441. Whether you're a seasoned investor or just getting started, this two building/3 unit is a smart buy with reliable cash flow and long-term upside. Don't miss your chance to own a multi-family property in one of Central Florida's most desirable rental markets!
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Heat Pump
Lot Size: 0.23 Acres
Roof Type: Shingle
Taxes: $4,104
Year Built: 1949
Square Feet: 2,341
Amenities
Ceiling Fans(s)
Solid Surface Counters
Thermostat
Fence
Private Yard
Sidewalk
Storage
Feature Descriptions
Annual Net Income: 37900.00
Days on Site: 37
Directions: From U.S. 441 in Eustis, turn west onto E Orange Ave toward downtown. Continue to Grove St and turn right (north). Proceed one block and turn right onto E Atwater Ave. Follow E Atwater Ave to 301 E Atwater Ave, which will be on the right-hand side.
Exterior: Block
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA
Lot Dimensions: 0.23
Other Equipment: Private Yard
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Triplex
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only, Call Listing Agent, Combination Lock Box, ShowingTime
Special Sale Provisions: None
Units: 3
Utilities: BB/HS Internet Available, Electricity Connected, Public, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: SR
Listed By / Shown By
Listed By
Agency Name: NARROW ROAD REALTY
Agency Contact: 352-589-8100
Shown By
Agent Name: Teresa Jacalone
Agent Phone: (904) 501-8241
Agency Title: Watson Realty Corp., REALTORS ®
Estimate Your Payment
Estimated Payment
$ 2,643.22 per month $2,169.97 Principal & Interest $342.00 Property Tax $131.25 Homeowner's InsuranceChange Payment Information
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301 E Atwater Avenue | MLS# G5108348
This multi-family property located at 301 E Atwater Avenue, Eustis, FL 32726 is currently listed for sale with an asking price of $450,000. Search Eustis real estate on tjacalone.watsonrealtycorp.com today.