127 Grove Street, EUSTIS, FL 32726
  • MLS#: O6340873 ( Residential Income )
  • Street Address: 127 Grove Street
  • Viewed: 13
  • Price: $2,495,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1930
  • Bldg sqft: 0
  • Bedrooms: 9
  • Total Baths: 9
  • Days On Market: 17
  • Additional Information
  • Geolocation: 28.8543 / -81.6833
  • County: LAKE
  • City: EUSTIS
  • Zipcode: 32726
  • Subdivision: Eustis
  • mfrmls
  • DMCA Notice
  • Description
    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 20172018. 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 conditionminimal capital improvements needed thanks to extensive renovations and recent updates. This property benefits from high visibility, steady traffic, and excellent accessibility.
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Features
Home Owners Association Fee
  1. 0.00
Basement
  1. Full
  2. Unfinished
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Sidewalk
Garage Spaces
  1. 0.00
Heating
  1. Central
Insurance Expense
  1. 0.00
Interior Features
  1. Ceiling Fans(s)
Legal Description
  1. EUSTIS PB 1 PG 79 LOTS 5 6 7 8 BLOCK 36 ORB 4718 PG 1098
Living Area
  1. 21626.00
Area Major
  1. 32726 - Eustis
Net Operating Income
  1. 0.00
Occupant Type
  1. Owner
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 11-19-26-0100-036-00500
Possession
  1. Close Of Escrow
Property Condition
  1. Completed
Property Type
  1. Residential Income
Roof
  1. Membrane
Sewer
  1. Public Sewer
Tax Year
  1. 2024
Township
  1. 19S
Utilities
  1. Electricity Connected
Views
  1. 13
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/O6340873
Water Source
  1. Public
Year Built
  1. 1930
Zoning Code
  1. CBD
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Headshot for Associate Krista Plagge
  1. Krista Plagge, REALTOR ®
  2. Tropic Shores Realty
  3. Mobile: 813.285.1702
  4. krista@homeguidetampa.com