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    603 E Orange Ave, Unit C Eustis, FL 32726

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    For Sale
    $450,000

    Multifamily property in Eustis with potential for increased income.

    Lot size:
    0.24 Acres

    Property Features for 603 E Orange Ave

    General Information

    Lot size
    0.24 Acres

    Building Details

    Year built
    1914

    Source: LEGACY REAL ESTATE INVESTMENT Agent Michelle Adkins-Maddy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Eustis Multifamily Property with Income

    Located in town on the corner of Orange Ave and Mary St, this property features three units currently under 12-month leases, generating an income of $3,900. Two additional units are vacant and available, offering the potential for an additional $1,400 in monthly income. Furthermore, there is office space available for lease, which could generate $500 per month. The total potential monthly income is $5,800. Some renovations have been recently completed, and additional renovations are in progress. The property is intended for multifamily or residential income use, with the potential for office space rental. Potential business uses include residential rentals and office space leasing.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Restaurant Dental Office Law Firm Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eustis
    County
    Lake
    State
    Florida
    Longitude
    -80.3281368
    Latitude
    27.4468649

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    FAQs

    What type of property is this?
    Triplex - Multifamily property in Eustis with potential for increased income.
    Where is this triplex located?
    The property is located at 603 E Orange Ave, Unit C Eustis, FL.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Potential monthly income of $5,800.; - Great in-town location close to everything.; - Three units currently leased providing $3,900 monthly income.
    (352) 267-7758
    Request Owner's contact information
    603 E Orange Ave, Unit C Eustis, FL 32726
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    Eustis, FL 32726
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    603 E Orange Ave, Unit C Eustis, FL 32726
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