406 E ORANGE AVE, EUSTIS, FL, 32726
$425,000
Residential Income
|
Bedrooms
8
|
Bathrooms
6
|
Living Area
4,026 Sqft
|
Lot Size
17,424 Sqft
|
Welcome to 406 E Orange Ave, a charming, income-producing fixer-upper in the heart of historic Eustis, FL. Priced below market value to reflect the updates needed, this property presents a unique opportunity for investors or owner-occupants ready to bring their vision to life—while gaining instant equity in a prime location.
Highlights include a like-new 2023 roof, newly installed irrigation and backflow systems, completed demo, approved architectural plans, and all permits paid for and ready to go for the main unit. Additionally, the second unit has completed demo work along with rough electrical and plumbing already in place, making this property primed for transformation.
Execute the current owner’s plans to convert the main structure into two 3-bedroom, 2-bathroom units, and the secondary structure into a 2-bedroom, 2-bathroom apartment or in-law suite—creating three total income-generating units.
Located just a short walk from charming downtown Eustis, this home offers close proximity to local shops, dining, parks, and Lake Eustis. The area has seen increased interest from both renters and investors thanks to its walkability, community events, and convenient location near Mount Dora and Tavares.
Multifamily homes in Eustis are in high demand, with strong rental potential and limited inventory—making this a rare opportunity to capitalize on the market. Enjoy small-town charm with easy access to major highways connecting you to Orlando and Central Florida’s top attractions.
Whether you're looking to house hack, build a profitable rental portfolio, or secure a long-term investment, 406 E Orange Ave is your chance to create something truly special. Schedule your showing today and bring your vision to life!
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRO6298840 | Year Built: | 1919 | |
| Basement: | Finished | Community Features: | Street Lights | |
| Construction Materials: | Block, Brick, Stucco | Cooling: | Central Air, Wall/Window Unit(s) | |
| Country: | US | County Or Parish: | Lake | |
| Exterior Features: | Lighting, Sidewalk | Fireplace Features: | Living Room, Masonry, Wood Burning | |
| Flooring: | Wood | Foundation Details: | Basement, Crawlspace, Slab | |
| Heating: | Central, Ductless | Laundry Features: | Laundry Room | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Conventional | |
| Lot Features: | Corner Lot, City Limits, Level, Near Public Transit, Sidewalk, Paved | Occupant Type: | Vacant | |
| Other Equipment: | Irrigation Equipment | Parking Features: | Driveway, Off Street | |
| Patio And Porch Features: | Covered, Front Porch, Side Porch | Pets Allowed: | Yes | |
| Possession: | Close Of Escrow | Property Condition: | Fixer | |
| Property Sub Type: | Triplex | Property Type: | Residential Income | |
| Road Surface Type: | Paved | Roof: | Shingle | |
| Sewer: | Public Sewer | Showing Requirements: | 24 Hour Notice, Appointment Only, Combination Lock Box, ShowingTime | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Water Connected | |
| Water Source: | Public | |||
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