EUSTIS, FL 32726 127 N GROVE STREET

127 N GROVE STREET EUSTIS, FL - Image 1127 N GROVE STREET EUSTIS, FL - Image 2127 N GROVE STREET EUSTIS, FL - Image 3
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127 N GROVE STREET EUSTIS, FL - Image 4127 N GROVE STREET EUSTIS, FL - Image 5127 N GROVE STREET EUSTIS, FL - Image 6127 N GROVE STREET EUSTIS, FL - Image 7127 N GROVE STREET EUSTIS, FL - Image 8127 N GROVE STREET EUSTIS, FL - Image 9127 N GROVE STREET EUSTIS, FL - Image 10127 N GROVE STREET EUSTIS, FL - Image 11
Presented By: SIM REI with 352-508-5870. - 352-508-5870
  • MLS# O6340873
  • 09/05/2025
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Disclaimer: The information contained in this listing has not been verified by Homepride Group at EXP Realty and should be verified by the buyer.
  • Beds • 9
  • Baths • 9
  • SQFT • 21,626

Home Details

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.
Presented By: SIM REI with 352-508-5870. - 352-508-5870

Interior Features for 127 N GROVE STREET

Bedrooms

Total Bedrooms9

Bathrooms

Total Baths9

Other Interior Features

LivingAreaSourcepublic records
Air Conditioning Y/NYes
Basementfull, unfinished
Fireplace Y/NNo
Heating Y/NYes
Interior Amenitiesceiling fan(s)
Laundry Featurescorridor access, laundry room, upper level

General for 127 N GROVE STREET

Additional Parcels Description11-19-26-0100-036-00100
Additional Parcels Y/NYes
Building Area Unitssquare feet
Carport Y/NNo
Cityeustis
Construction Materialsstucco
Coolingcentral air
Countylake
Directions441 n, take 19 n towards downtown eustis, property is on the right hand side just passed city hall.
Flood Zone Codex
Flood Zone Code XY
Garage Y/NNo
Gross Income232128
HOANo
Heatingcentral
Land Lease Y/NNo
Legal Descriptioneustis pb 1 pg 79 lots 5 6 7 8 block 36 orb 4718 pg 1098
Listing Termscash, conventional
Living Area Unitssquare feet
Lot Size Square Feet16368
Lot Size Unitssquare feet
MLS Area32726 - eustis
ModificationTimestamp2025-09-05t22:45:45.630z
New ConstructionNo
Number Of Units Total19
Occupancy Typeowner
Ownershipfee simple
Possessionclose of escrow
Property Conditioncompleted
Property Subtypemulti family
Property Typeresidential income
Roofmembrane
Senior Community Y/NNo
Sewerpublic sewer
Standard Statusactive
Statusactive
Subdivision Nameeustis
Tax Annual Amount24644.35
Tax Lot5
Tax Year2024
Utilitieselectricity connected
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1930
Zoningcbd

Exterior for 127 N GROVE STREET

Exterior Amenitiessidewalk
Foundation Detailsbasement
Lot Size Acres0.38
Lot Size Area16368
Number of Buildings1
Number of Lots2
Private PoolNo
Road Surface Typeasphalt
Water Sourcepublic
Waterfront Y/NNo

Additional Details

Price History

Steven Pugh

Broker Associate | Team Leader
Price $2,495,000
MLS#O6340873
List Date 09/05/2025
Property Type Income
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