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Sold on 04/19/2022
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527 E Lemon Ave, Eustis, FL 32726

  • $324,000

    Last sold 04/19/2022 for $327K

  • —

    bed

  • —

    bath

  • 5,415

    Sqft ($60/Sqft)

Multi-family not for sale
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About 527 E Lemon Ave

Property type Multi-family
Neighborhood
Year built 1919
HOA fee $0/month
Lot size 0.57 Acre
Movoto estimate
Rental estimate
Property description
CALLING ALL INVESTORS! FANTASTIC INVESTMENT OPPORTUNITY! Boasting SIX units total, this wonderful multi-family property is situated on a large corner lot near historic downtown Eustis. Three of the six units are currently occupied by tenants with strong rental histories. Five units were remodeled within the last two years and the house boasts a new roof that is only ONE YEAR old! Each unit has a wonderful living room and kitchen, plenty of space to relax! The current owners have started to switch tenants over to an online billing system for utilities, so now three of the five current tenants pay their own utility costs. This provides the next owner with the opportunity to reduce costs by converting the additional tenants to this platform to pay their own utilities. Easy access to downtown Eustis, Mount Dora and SR 453 provides a direct route to Orlando! Please take a look at the attachments for all the pertinent details concerning updating, rent roll and income. Here’s a chance to own a investment property that can generate income for you for years to come!
Listed by
Listing Agent - Abby Nelson
Listing Office - RE/MAX 200 REALTY
Source: Stellar MLS mls logo
MLS#O6010527 • last updated 4 years ago
Movoto checked Stellar MLS for data 9 minutes ago
Overview
Cooling/AC Wall/Window Unit(s)
Heating Natural Gas
Levels/Style Two
Type Residential Income
Virtual Tour N/A
SubType Multi-Family
Status Sold
MLS # O6010527
SqFt 5415
Lot Size (Acres) 0.57
Lot Size (SqFt) 24804
Property Tax 4288.74
Year Built 1919
Interior
Interior Features Ceiling Fans(s), Eat-in Kitchen
Exterior
Exterior Sidewalk
Roof Metal
Construction Wood Frame
Foundation Crawlspace
# Carport Spaces 1
Amenities / Utilities
Utilities Desc Cable Available, Electricity Connected, Natural Gas Connected
Sewer Public Sewer
Location
County Lake
Subdivision EUSTIS
Elementary School Eustis Elem
Middle School Eustis Middle
High School Eustis High School
APN 11-19-26-0100-076-00007
Zoning SR
Directions SR 44 To South On Mary Street. Building Is On The Corner Of Mary Street And Lemon Avenue.
Multifamily Details
Total # of Units 6
Financial Data Source Owner
Annual Gross Income 75000
Lot/ Land Details
Road Surface Type Asphalt
$324K
Range: $291K-$356K
Last 30 days 
Rental est.: $1,252/month
Gross rent multiplier: 26.6
  • May 2022
    mls logo MLS # O6010527
  • May 16, 2022 Sold
    $327,000 (-18.2%)
  • Apr 19, 2022 Pending
    —
  • Apr 6, 2022 Listed
    —
  • Mar 30, 2022 Pending
    —
  • Mar 26, 2022 Listed
    —
  • Mar 21, 2022 Pending
    —
  • Mar 5, 2022 Listed
    $399,900 (+88.2%)
  • Oct 2018
    mls logo MLS # G5006067
  • Oct 18, 2018 Sold
    $212,500 (-5.6%)
  • Sep 20, 2018 Pending
    —
  • Sep 13, 2018 Listed
    $225,000 (+21.6%)
  • Nov 2016
    mls logo MLS # G4826062
  • Nov 13, 2016 Sold
    $185,000 (-5.1%)
  • Nov 8, 2016 Pending
    —
  • Apr 13, 2016 Listed
    $195,000
  • 527 E Lemon Ave
    $327K
  • Washington Avenue Historic District
    $325K 0% y/y
  • 32726
    $332K -3% y/y
  • Eustis
    $359K -9% y/y
No chart available
Statistics calculated by Movoto

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2/10
Eustis Elementary School
public Grades PK, K-5
Lake County Schools
3/10
Eustis Middle School
public Grades 6-8
Lake County Schools
4/10
Eustis High School
public Grades 9-12
Lake County Schools
Source: GreatSchools.org © 2026. All rights reserved.

Around Washington Avenue Historic District

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  • 527 E Lemon Ave
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