6-Unit Apartment
New
For Sale
$615,000
104 S GROVE STREET, Eustis, FL 32726
A fully leased rental property with a varied unit mix and reported updates to major building and interior features.
Property Size3,256 SF
Price / SF$188.88
Days on Market7
Property Features for 104 S GROVE STREET
General Information
Standard status
Active
Size
3,256 SF
Property subtype
Quadruplex
Occupancy
100%
Units
Unit Mix
2 x studio, 2 x 1BR, 1 x 2BR, 1 x 3BR
Multifamily Units
6
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Building Details
Year Built
1914
Listing Agency:
COUNTRYWIDE REALTY PARTNERS, LLC
(407) 401-3739
Listed By:
Juan Vazquez · License #3554435
(321) 274-7264
Source:
Endlesssummerrealty
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 24 at 7:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COUNTRYWIDE REALTY PARTNERS, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,256-square-foot apartment property in Eustis dates to 1914 and contains six units: two studios, two one-bedroom apartments, one two-bedroom apartment and one three-bedroom apartment. The property is reported as fully leased. Improvements include a new roof, fresh paint, newer air-conditioning equipment, updated appliances and cabinets, tile floors, and tiled showers.
Key Highlights
- Fully leased across six units
- Unit mix: two studios, two one‑bedroom units, one two‑bedroom unit, and one three‑bedroom unit
- 3,256 square feet in Eustis, Florida
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,985
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$799,700
$799.7K
Cap Rate 7%
$571,214
$571.2K
Cap Rate 9%
$444,278
$444.3K
Market Conditions
NOI Build-Up for 3,256 SF
Gross rent
$77.8K $23.88/SF
− Vacancy
−$5.1K −$1.55/SF
EGI
$72.7K $22.33/SF
− OpEx
−$32.7K −$10.05/SF
NOI
$40.0K $12.28/SF
Area
Lake County, FL
Vacancy
6.50%
Lease Rate
$23.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$799,700
Cap Rate 7%
$571,214
Cap Rate 9%
$444,278
Alternative Uses
Best Use
Apartment 5plus
$571.2K
$499.8K – $666.4K
NOI $39,985 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$926.6K
$810.8K – $1.08M
NOI $64,860 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
847
Businesses Nearby
Explore this area
Business Placement
Demographics for 32726, FL
23,012
Population
11,168
Households
2.1
Avg Household Size
45
Median Age
21%
College-Educated
88%
High-School Grad
11.5 sq mi
ZIP Area
2,001
Density / Sq Mi
$60,750
Median Household Income
$37,197
Median Earnings
$1,027
Median Rent
$230,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - A fully leased rental property with a varied unit mix and reported updates to major building and interior features.
Where is this apartment building located?
The property is located at 104 S GROVE STREET Eustis, FL.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Fully leased across six units; Unit mix: two studios, two one‑bedroom units, one two‑bedroom unit, and one three‑bedroom unit; 3,256 square feet in Eustis, Florida
