128 Magnolia Avenue, Eustis, FL 32726
  • MLS#: G5096494 ( Multi-Family )
  • Street Address: 128 Magnolia Avenue
  • Viewed: 8
  • Price: $1,500,000
  • Price sqft: $95
  • Waterfront: No
  • Year Built: 1927
  • Bldg sqft: 15820
  • Bedrooms: 7
  • Total Baths: 6
  • Days On Market: 144
  • Additional Information
  • Geolocation: 28.8534 / -81.684
  • County: LAKE
  • City: Eustis
  • Zipcode: 32726
  • Subdivision: Eustis
  • Provided by: MORRIS REALTY AND INVESTMENTS
  • DMCA Notice
  • Description
    PRICE DRASTICALLY REDUCED MUST SELL!!! GREAT OPPORTUNITY!! MOTIVATED OWNERS! Discover an exceptional investment or owner user opportunity in the heart of historic Downtown Eustis. This beautifully maintained building exudes classic architectural charm while offering a range of modern upgrades, making it both visually appealing and functionally ready. Improvements include a new roof within the past five years, several new A/C units, updated windows, electrical upgrades, and updated plumbing. The spacious ground floor features nearly 8,000 square feet of open concept showroom or retail space, complete with a private office and storage area, two ADA compliant restrooms, and even a basement storage area. A second storefront entrance on the main level provides flexibilityperfect for use alongside the primary space or as a separate rental for additional income. Upstairs, you'll find approximately 3,000 square feet of fully renovated office space, including multiple offices, restrooms, and a breakroom, ideal for leasing or expanding business operations. Adding to the value, the building includes six income producing, separately metered residential apartments 5 one bedroom/one bath units and 1 two bedroom/one bath unit. Tenants enjoy the convenience of a shared laundry facility, while the property benefits from modern amenities such as a wired security system with surveillance cameras, keyless hall entry, and remote controlled HVAC thermostats. Parking is a breeze with ample street parking out front and a city maintained lot directly beside the building. Located in a vibrant downtown district undergoing ongoing revitalization, this property is surrounded by flourishing retail, dining, and office establishments. With its brick lined streets, nearby parks, and stunning views of Lake Eustis and Ferran Park, downtown Eustisfondly known as "Americas Hometown"offers both charm and investment potential in one outstanding package.
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Features
Possible Terms
  1. Cash
  2. Conventional
Possible Terms
  1. Cash
  2. Conventional
Property Type
  1. Multi-Family
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  1. Krista Plagge, REALTOR ®
  2. Tropic Shores Realty
  3. Mobile: 813.285.1702
  4. krista@homeguidetampa.com