128 E MAGNOLIA AVE, EUSTIS, FL, 32726
$1,500,000
Residential Income
|
Bedrooms
7
|
Bathrooms
6
|
Living Area
15,820 Sqft
|
Lot Size
8,308 Sqft
|
PRICE DRASTICALLY REDUCED-MUST SELL!!! GREAT OPPORTUNITY!! MOTIVATED OWNERS! Discover an exceptional investment or owner-user opportunity in the heart of historic Downtown Eustis. This beautifully maintained building exudes classic architectural charm while offering a range of modern upgrades, making it both visually appealing and functionally ready. Improvements include a new roof within the past five years, several new A/C units, updated windows, electrical upgrades, and updated plumbing. The spacious ground floor features nearly 8,000 square feet of open-concept showroom or retail space, complete with a private office and storage area, two ADA-compliant restrooms, and even a basement storage area. A second storefront entrance on the main level provides flexibility—perfect for use alongside the primary space or as a separate rental for additional income. Upstairs, you'll find approximately 3,000 square feet of fully renovated office space, including multiple offices, restrooms, and a breakroom, ideal for leasing or expanding business operations. Adding to the value, the building includes six income-producing, separately metered residential apartments— 5 one-bedroom/one-bath units and 1 two-bedroom/one-bath unit. Tenants enjoy the convenience of a shared laundry facility, while the property benefits from modern amenities such as a wired security system with surveillance cameras, keyless hall entry, and remote-controlled HVAC thermostats. Parking is a breeze with ample street parking out front and a city-maintained lot directly beside the building. Located in a vibrant downtown district undergoing ongoing revitalization, this property is surrounded by flourishing retail, dining, and office establishments. With its brick-lined streets, nearby parks, and stunning views of Lake Eustis and Ferran Park, downtown Eustis—fondly known as "America’s Hometown"—offers both charm and investment potential in one outstanding package.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRG5096494 | Year Built: | 1927 | |
| Basement: | Other | Construction Materials: | Block, Brick, Concrete | |
| Cooling: | Central Air, Zoned | Country: | US | |
| County Or Parish: | Lake | Exterior Features: | Sidewalk | |
| Foundation Details: | Basement, Slab | Heating: | Central, Electric, Natural Gas, Zoned | |
| Laundry Features: | Common Area, Laundry Closet, Upper Level | Levels: | Two | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Conventional | |
| Lot Features: | Historic District, City Limits | Parking Features: | Curb Parking | |
| Property Condition: | Completed | Property Sub Type: | Multi Family | |
| Property Type: | Residential Income | Road Responsibility: | Public Maintained Road | |
| Road Surface Type: | Brick | Roof: | Other | |
| Sewer: | Public Sewer | Showing Requirements: | 24 Hour Notice, Appointment Only, Call Listing Agent | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | Electricity Available, Natural Gas Available, Other, Public, Water Connected | |
| Water Source: | Public | |||
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