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128 Magnolia Avenue, EUSTIS, FL 32726
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128 Magnolia Avenue
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  • MLS#: G5096494 ( Residential Income )
  • Street Address: 128 Magnolia Avenue
  • Viewed: 29
  • Price: $2,250,000
  • Price sqft: $142
  • Waterfront: No
  • Year Built: 1927
  • Bldg sqft: 15820
  • Bedrooms: 7
  • Total Baths: 6
  • Days On Market: 62
  • Additional Information
  • Geolocation: 28.8534 / -81.684
  • County: LAKE
  • City: EUSTIS
  • Zipcode: 32726
  • Subdivision: Eustis
  • Provided by: MORRIS REALTY AND INVESTMENTS
  • Contact: Scott Strem
  • 352-435-4663
  • mfrmls
  • DMCA Notice
  • Description
    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
Home Owners Association Fee
  1. 0.00
Basement
  1. Other
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
  2. Zoned
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Sidewalk
Garage Spaces
  1. 0.00
Heating
  1. Central
  2. Electric
  3. Natural Gas
  4. Zoned
Insurance Expense
  1. 0.00
Interior Features
  1. Other
Legal Description
  1. EUSTIS LOTS 3
  2. 4
  3. E 1 FT OF LOT 5 BLK 54 PB 1 PG 79 ORB ORB 3345 PGS 1389 & 1391
Levels
  1. Two
Living Area
  1. 15820.00
Lot Features
  1. Historic District
  2. City Limits
Area Major
  1. 32726 - Eustis
Net Operating Income
  1. 0.00
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 11-19-26-010005400300
Parking Features
  1. Curb Parking
Property Condition
  1. Completed
Property Type
  1. Residential Income
Roof
  1. Other
Sewer
  1. Public Sewer
Tax Year
  1. 2024
Township
  1. 19
Utilities
  1. Electricity Available
  2. Natural Gas Available
  3. Other
  4. Public
  5. Water Connected
Views
  1. 29
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/G5096494
Water Source
  1. Public
Year Built
  1. 1927
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