100 Dewey St Eustis, FL 32726
Property profile & analytics
100 Dewey St Eustis, FL 32726
- Commercial real estate
- 0.47 lot acres
Property ID
US18-0747530
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- 100North Apartments / Apartment Building
Property Details for 100 Dewey St
- Year built
- 2022
- Lot size
- 0.47 lot acres
- Property type
- Commercial real estate
- APN
- 11-19-26-0100-036-01301
Description
This exceptional Class A, 20-unit apartment building presents a compelling investment opportunity in the thriving city of Eustis, Florida. Completed in 2022, this fully stabilized asset boasts 19,940 square feet of net rentable space, with spacious units averaging just under 1,000 square feet each. The property features luxurious finishes including luxury vinyl plank flooring, quartz countertops, stainless steel appliances, and full-size washer/dryers. Upper units enjoy elevator access. One unit is fully furnished, currently commanding a rental premium of $357 above the average in-place rent of over $1,350 per unit. The current Net Operating Income (NOI) is $193,350, yielding a 5.45% cap rate. However, a significant increase in NOI to $280,008 (7.89% cap rate) is projected with minimal capital investment by bringing rents to pro-forma levels. Situated on a 0.47-acre lot in the CBD, this property enjoys a prime location within walking distance of historic Downtown Eustis, offering residents convenient access to shops, restaurants, arts, entertainment, and Lake Eustis. Eustis benefits from a robust economy, with an unemployment rate lower than the national average and projected significant job growth over the next decade. Recent and planned developments, including a new University of Florida Medical Facility, a state-of-the-art emergency room, and a UCF Business Incubator, further enhance the area's appeal and long-term growth potential. The asking price is $3,550,000, or $177,500 per unit. The property's APN is 11-19-26-0100-036-01301. This is a rare opportunity to acquire a high-performing multifamily asset in a rapidly growing market.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Eustis
- County
- Lake
- State
- Florida
- Longitude
- -81.682556268764
- Latitude
- 28.853875906541
