* 202 W IDLEWILD AVE & 506 FAHNSTOCK ST
Eustis, FL, 32726 $ 595,000
Bedrooms6 Baths4.0 Sq 2,705 Monthly Estimate*
$ 3,757
for $595,000 with 6 bedrooms and 4 full baths. This 2,705 square foot home was built in 2022 on a lot size of 0.13.
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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FeaturesGeneralSewer Public Sewer
Heating Central
Cooling Central Air
Utilities Sewer Connected Water Connected
Possession Close Of Escrow
Roof Shingle
Zoning SR
Garage Spaces 1
Construction Materials Block
Year Built 2022
Tenant Pays Electricity Sewer Trash Collection Water
Property Subtype Duplex
Tax Year 2025
Ownership Fee Simple
Gross Income 57960
Additional Parcels Description 12-19-26-1100-000-01201
County Lake
New Construction false
Property Type Residential Income
Attached Garage true
Subdivision Name EUSTIS IDLEWILD HEIGHTS
Garage Y/N true
Status Active
Directions From S Bay St/US-19 in Eustis turn L onto W Idlewild Ave to 202 W Idlewild Ave. For 506 Fahnstock St: take SR-19/Bay St north into Eustis. Turn right onto E Lakeview Ave left onto Haselton St left onto Washington Ave then right onto Fahnstock St.
City EUSTIS
Senior Community Y/N false
MLS Area 32726 - Eustis
Lot Size Units Square Feet
Lot Size Square Feet 5725
Carport Y/N false
Listing Terms Cash Conventional
Land Lease Y/N false
Tax Annual Amount 5176
Additional Parcels Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6433064
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 35
Total Actual Rent 4830
Legal Description EUSTIS IDLEWILD HEIGHTS PB 9 PG 48 LOT 35 ORB 5912 PG 717
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
Flood Zone Code X Y
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InteriorInterior Amenities Open Floorplan Tray Ceiling(s)
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Laundry Room
Total Bedrooms 6
Total Baths 4
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ExteriorExterior Amenities Other
Water Source Public
Lot Size Area 5725
Foundation Details Slab
Number of Buildings 2
Lot Dimensions 95 x 130
Lot Size Acres 0.13
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
Covered Spaces 1
Number of Lots 2
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $3,757
- Monthly Property Taxes
- $431
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Eustis, FL
Average List Price $503,563
Percent of Sale Price 15%
About Eustis, FL 19,630 Population
22% Since 2002
$ 39,027 Median Income
42.57 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/10/2026 | $595,000 | | Listed Price |