* 202 W IDLEWILD AVE & 506 FAHNSTOCK ST, EUSTIS, FL, 32726
$595,000
Residential Income
Bedrooms
6
Bathrooms
4
Living Area
2,705 Sqft
Lot Size
5,725 Sqft
Excellent investment opportunity featuring two newer-construction single-family homes, both currently tenant-occupied and producing immediate rental income. Please do not disturb the tenants. The first home was built in 2022 and is currently leased for $2,400 per month, with the lease expiring August 31, 2026. The second home was built in 2023 and is currently leased for $2,430 per month, with the lease expiring July 31, 2026. Both tenants have occupied their respective homes since construction was completed, providing a strong history of long-term occupancy. The homes feature attractive modern finishes, including wood-look tile flooring, quartz countertops, stainless steel appliances, tray ceilings, and spacious open-concept living areas. These newer homes combine stylish design with durable, low-maintenance finishes that appeal to both tenants and investors. Together, the properties generate $4,830 per month in gross rental income, or $57,960 annually at the current lease rates. The seller prefers to sell both properties together as a package, offering an excellent opportunity to acquire two stabilized rentals at once, but may consider selling the homes individually. With newer construction, established tenants, similar finishes and locations, and upcoming lease flexibility, this is an attractive opportunity for an investor seeking dependable rental income with long-term upside.
Property Details
Property Features Property Features
MLS ID: MFRO6433064 Year Built: 2022
Construction Materials: Block Cooling: Central Air
Country: US County Or Parish: Lake
Exterior Features: Other Financial Data Source: Broker
Foundation Details: Slab Heating: Central
Laundry Features: Laundry Room Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Conventional Occupant Type: Tenant
Possession: Close Of Escrow Property Sub Type: Duplex
Property Type: Residential Income Road Surface Type: Asphalt
Roof: Shingle Sewer: Public Sewer
Showing Requirements: 24 Hour Notice, Appointment Only Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Tenant Pays: Electricity, Sewer, Trash Collection, Water Utilities: Sewer Connected, Water Connected
Water Source: Public
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