New Listing - 04/14/2025
406 E ORANGE AVENUE, Eustis, FL, 32726
8 beds
1919
4,026 sqft
Welcome to 406 E Orange Ave, a charming, income-producing fixer-upper in the heart of historic Eustis, FL. Priced below market value to reflect the updates needed, this property presents a unique opportunity for investors or owner-occupants ready to bring their vision to life—while gaining instant equity in a prime location. Highlights include a like-new 2023 roof, newly installed irrigation and backflow systems, completed demo, approved architectural plans, and all permits paid for and ready to go for the main unit. Additionally, the second unit has completed demo work along with rough electrical and plumbing already in place, making this property primed for transformation. Execute the current owner’s plans to convert the main structure into two 3-bedroom, 2-bathroom units, and the secondary structure into a 2-bedroom, 2-bathroom apartment or in-law suite—creating three total income-generating units. Located just a short walk from charming downtown Eustis, this home offers close proximity to local shops, dining, parks, and Lake Eustis. The area has seen increased interest from both renters and investors thanks to its walkability, community events, and convenient location near Mount Dora and Tavares. Multifamily homes in Eustis are in high demand, with strong rental potential and limited inventory—making this a rare opportunity to capitalize on the market. Enjoy small-town charm with easy access to major highways connecting you to Orlando and Central Florida’s top attractions. Whether you're looking to house hack, build a profitable rental portfolio, or secure a long-term investment, 406 E Orange Ave is your chance to create something truly special. Schedule your showing today and bring your vision to life!
Status:
Active
Type:
Multi-family
Laundry Remarks:
Laundry Room
Units:
3
Subdivision:
EUSTIS
Garage:
Driveway, Off Street
Heating:
Central, Wall Units / Window Unit
Cooling:
Central Air, Wall/Window Unit(s)
Lot Size:
132 x 132
Acreage:
0.4
Est. Taxes:
$5,778
Construction
Block, Brick, Stucco
Utilities
BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Street Lights, Water Connected
Lot Description:
Corner Lot, City Lot, Level, Near Public Transit, Sidewalk
Elementary School:
Eustis Elem
Middle School:
Eustis Middle
High School:
Eustis High School
Days on Market:
7
Pet Policy:
Yes
Min Lease Term:
No Minimum
MLS #:
O6298840
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of MARK SPAIN REAL ESTATE Phone: 855-299-7653