127 N GROVE ST, EUSTIS, FL, 32726
$2,355,000
Residential Income
Bedrooms
9
Bathrooms
9
Living Area
21,626 Sqft
Lot Size
16,368 Sqft
Prime Mixed-Use Investment Property – Fully Renovated & Income Producing This exceptionally well-maintained mixed-use property offers the perfect blend of stable income, modern upgrades, and prime location visibility. With 10 commercial units on the ground floor and 9 residential units upstairs, this building is an ideal investment opportunity with strong long-term tenants already in place. Key Features & Upgrades: Completely re-wired and re-plumbed in 2017–2018. All new AC units 2017/2018, plus new windows throughout (except 1st floor storefront windows facing Grove St). Roof re-coated (July 2025) and building repainted (July 2025) for long-term durability and curb appeal. Fully sprinkled with fire and smoke alarm monitoring. Ample onsite parking with 33 dedicated spaces, plus additional street parking for tenants and customers. Tenant Mix & Income Highlights: 10 Commercial Units (Downstairs): Occupied by established, long-term tenants with a strong history of success. 9 Residential Units (Upstairs): Stable residential occupancy with updated living spaces. Seller Lease-Back: Seller to lease one commercial unit for 12 months at $1,000/month, providing immediate, guaranteed rental income. Water/Sewer bill back on some commercial and residential tenants. Investment Advantages: Rare opportunity to acquire a fully updated, income-generating property with strong tenant retention. Mixed-use diversity ensures income stability across both residential and commercial markets. Turnkey condition—minimal capital improvements needed thanks to extensive renovations and recent updates. This property benefits from high visibility, steady traffic, and excellent accessibility.
Property Details
Property Features Property Features
MLS ID: MFRO6340873 Year Built: 1930
Basement: Full, Unfinished Construction Materials: Stucco
Cooling: Central Air Country: US
County Or Parish: Lake Exterior Features: Sidewalk
Foundation Details: Basement Heating: Central
Laundry Features: Corridor Access, Laundry Room, Upper Level Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Conventional Occupant Type: Owner
Possession: Close Of Escrow Property Condition: Completed
Property Sub Type: Multi Family Property Type: Residential Income
Road Surface Type: Asphalt Roof: Membrane
Sewer: Public Sewer Showing Requirements: Call Listing Agent, Listing Agent Must Accompany
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: Electricity Connected
Water Source: Public
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