* 202 W Idlewild Ave & 506 Fahnstock St, Eustis, FL 32726
Local realty services provided by:Better Homes and Gardens Real Estate Synergy
* 202 W Idlewild Ave & 506 Fahnstock St,Eustis, FL 32726
$538,000
- 6 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: wesley owen
Office: sim rei
MLS#:O6433064
Source:MFRMLS
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Price summary
- Price:$538,000
About this home
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....
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Home facts
- Year built:2022
- Subdivision & Development:EUSTIS IDLEWILD HEIGHTS
- Listing ID #:O6433064
- Added:63 day(s) ago
- Updated:November 13, 2026 at 09:27 AM
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:2022
- Construction Materials:Block
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$538,000
- Tax amount:$5,176 (2025)
Features and amenities
- Laundry features:Laundry Room
- Amenities:Open Floorplan, Tray Ceiling(s)
- Pool features:Public Pool
Parking
- Parking description:Attached Garage
- Garage:Yes
- Garage spaces:1
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