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.
Listed By
Agency Name: SIM REI
Agency Contact: 352-508-5870
Shown By
Agent Name: Diane Olsavsky
Agent Phone: (813) 468-3859
Agency Title: Florida Executive Realty
Estimated Payment
$ 1,929.09 per month $1,324.21 Principal & Interest $431.33 Property Tax $173.54 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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* 202 W Idlewild Ave & 506 Fahnstock St | MLS# O6433064
This multi-family property located at * 202 W Idlewild Ave & 506 Fahnstock St , Eustis, FL 32726 is currently listed for sale with an asking price of $595,000. Search Eustis real estate on dolsavsky.floridaexecutiverealty.com today.