* 202 W IDLEWILD AVE & 506 FAHNSTOCK ST, Eustis, FL 32726
$538,000
Est. payment /mo
$595,000
9.6%
Est.Price: ?

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6 Beds
4 Baths
2,705 SqFt
SOLD DATE : 10/30/2026

Key Details

Sold Price $538,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,705 sqft

Price per Sqft $198

Subdivision Eustis Idlewild Heights

MLS Listing ID O6433064

Sold Date 10/30/26

Bedrooms 6

HOA Y/N No

Year Built 2022

Annual Tax Amount $5,176

Lot Size 5,662 Sqft

Acres 0.13

Lot Dimensions 95x130

Property Sub-Type Duplex

Source Stellar MLS

Property Description

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.

Location

State FL

County Lake

Community Eustis Idlewild Heights

Area 32726 - Eustis

Zoning SR

Interior

Interior Features Open Floorplan, Tray Ceiling(s)

Heating Central

Cooling Central Air

Fireplace false

Laundry Laundry Room

Exterior

Exterior Feature Other

Garage Spaces 1.0

Utilities Available Sewer Connected, Water Connected

View Y/N No

Water Access No

Roof Type Shingle

Attached Garage true

Garage true

Private Pool No

Building

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by Wesley Owen SIM REI
Bought with Megan Teal MAINFRAME REAL ESTATE

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Khadija Webber

Khadija Webber

+1(407) 592-2166

Professional Real Estate Agent License ID: 3268094

Professional Real Estate Agent License ID: 3268094

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