903 N Bay St N Bay Street Eustis, FL 32726
What a great home investment opportunity!!! Start your new life in this adorable home in a peaceful small town that is close to everything BIG in Central Florida!!! This property was originally a 3 bedroom personal home. In the mid 1980's the original owner added a 2,050 square foot upscale dress shop on the side of it with a seamless Spanish Style Stucco Block Exterior. The original house was built in the 50's and has been completely updated & is super cute. It even has added modern stained glass. The dress shop side was built in the mid 1980's & has also had extensive updating with access through the interior of the house and would make a great residential space with the right furniture design placement. If you are looking for a place to live and work, live and rent, or retire and piddle with a side business you have always wanted to do this is the place for you. This home has a mixed use zoning designation & can be residential, commercial, transitional or a combination of all. If you just want a great rental with lots of possibilities this could be a serious cash cow! The current original house side is currently being rented furnished averaging $2500 per month and can be continued or discontinued. The other side could rent right now with no changes for around $3500 per month. The entire property could be converted into more living space for additional furnished rentals & could bring in as much as $10k per month with the right marketing & management. House is 1 block from Lake Eustis and a boat dock to the Chain of Lakes in the quaint downtown. It is close to everything a home owner could want including restaurants & shops you can easily walk to and all other amenities one would need within a one mile radius. Waterfront Park is 3 blocks away and is a great place to walk with your love or sweet dog and enjoy great sunsets, wildlife, & festivals. Improvements Include: New Roofs on entire property, new interior & exterior painting, new awnings, new interior/exterior lights & ceiling fans, new drywall & spray texture, kitchen & bathrooms remodeled, new insulation on house side, electric updates, new wood trim, all new landscaping, newer wooden fence around great outdoor garden, new soffitt in rear of building, added stained glass, and more. Home has adorable gas fireplace & charming built in bookshelves. There is also plenty of parking & a great laundry/outside concrete building in awesome garden area with plumbing for new updated bathroom. Garden area also has multiple seating areas & plenty of room to grill with friends or add a fire feature. Local General Contractor estimates that this property would cost about 1.2 million to recreate today with current building prices, cost of 1/4 acre lot, architectural plans, govt permitting and fees, landscaping, parking, & cost of money to build. Come check it out today. Home is about 1 hour from all Disney attractions, 20 minutes to an hour from loads of freshwater springs & lakes, 20 minutes from the Ocala National Forest, 1 hour from Daytona Beach on the east coast, and 1 & 1/2 hours from beaches on the Gulf of Mexico on the West Coast. 4 major airports are within 60-90 minutes; Orlando, Tampa, Daytona, & Sanford International so all your friends can easily come & visit your from further north. House is 30 Minutes from the Villages Retirement Community as well. Eustis Sailing Club is 1/4 mile away as well as New 16 Million + Proposed Sailing Complex. See you soon!
|4 hours ago||Listing updated with changes from the MLS|
|5 months ago||Listing first seen online|