26 Kristin Ln, Eustis, FL 32726

This Eustis, Florida duplex presents a compelling investment opportunity, boasting a 6.99% cap rate and a pro-forma cap rate of 9.04%. The property, built in 1985, comprises two units on a 0.26-acre lot, each featuring two bedrooms and two bathrooms. Unit 24, currently leased at $1,325 per month until January 31, 2025, and Unit 26, leased at $1,475 per month until December 31, 2024, ensure immediate cash flow. Both units offer spacious layouts, including carports, porches, and fenced backyards. The property features a total of 2,444 square feet of net rentable space, with recent upgrades including HVAC systems (2015) and water heaters (2014 & 2019). The roof is approximately 10 years old, and plumbing consists of copper supply and PVC waste lines. The property benefits from a 100% occupancy rate, generating a net operating income (NOI) of $26,911, with a pro-forma NOI of $34,793. Annual property taxes are $4,764, and the annual insurance premium is $1,925. Located in Eustis, Florida (zip code 32726), this property is surrounded by lakes and conservation areas, offering a desirable location for tenants. The asking price is $385,000, representing a price per unit of $192,500 and a price per square foot of $157.53. This fee-simple ownership opportunity is zoned residential.