* 202 W IDLEWILD AVE & 506 FAHNSTOCK ST
Eustis, FL 32726
$595,000
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.
Listing Courtesy of: SIM REI
352-508-5870
| Listing Id: | O6433064 |
|---|---|
| List Price: | $595,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Duplex |
| Status: | Active |
| Bedrooms Total: | 6 |
| Bathrooms Full: | 4 |
| Living Area: | 2,705 |
| Tax Annual Amount: | $5,176 |
| Lot Size Square Feet: | 5,725 |
| Lot Size Acres: | 0.13 |
| Waterfront?: | No |
| City: | Eustis |
| County Or Parish: | Lake |
| Subdivision Name: | Eustis Idlewild Heights |
| Postal Code: | 32726 |
| Year Built: | 2022 |
| Additional Parcels?: | Yes |
| Attached Garage?: | Yes |
| Bathrooms Total Integer: | 4 |
| Building Area Units: | Square Feet |
| Foundation Details: | Slab |
| Construction Materials: | Block |
| Cooling: | Central Air |
| 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. |
| Exterior Features: | Other |
| Garage Spaces: | 1 |
| Garage?: | Yes |
| Gross Income: | $57,960 |
| Heating: | Central |
| Interior Features: | Open Floorplan, Tray Ceiling(s) |
| Laundry Features: | Laundry Room |
| Listing Contract Date: | 2026-09-10 |
| Ownership: | Fee Simple |
| Living Area Source: | Public Records |
| Living Area Units: | Square Feet |
| Lot Size Acres: | 0.13 |
| Lot Size Dimensions: | 95x130 |
| Postal Code Plus4: | 6122 |
| MLS Area Major: | 32726 - Eustis |
| MLS Area Major: | 32726 - Eustis |
| Original List Price: | $595,000 |
| Parcel Number: | 14-19-26-1000-000-03500 |
| Township: | 19S |
| Road Surface Type: | Asphalt |
| Roof: | Shingle |
| Listing Terms: | Cash, Conventional |
| Tax Year: | 2025 |
| Sewer: | Public Sewer |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Additional Parcels Description: | 12-19-26-1100-000-01201 |
| Tenant Pays: | Electricity, Sewer, Trash Collection, Water |
| Total Actual Rent: | $4,830 |
| Financial Data Source: | Broker |
| Utilities: | Sewer Connected, Water Connected |
| Water Source: | Public |
| Number Of Lots: | 2 |
| Public Survey Range: | 26E |
| Public Survey Section: | 14 |
| Zoning: | SR |
| Possession: | Close Of Escrow |
| Alternate Key Folio Num: | 261914100000003500 |
| Annual Net Income: | 45492.00 |
| Calculated List Price By Calcula: | 219.96 |
| Cddyn: | No |
| Dprurl: | https://www.workforce-resource.com/dpr/listing/MFRMLS/O6433064?w=Agent&skip_sso=true |
| Dprurl 2: | https://www.workforce-resource.com/dpr/listing/MFRMLS/O6433064?w=Customer |
| Dpryn: | Yes |
| Flood Zone Code: | X |
| Flood Zone Date: | 2012-12-18 |
| Flood Zone Panel: | 12069C0358E |
| Garage Dimensions: | 22x12 |
| Green Verification Count: | 0 |
| Listing Exclusion Yn: | No |
| Living Area Meters: | 251.30 |
| Lot Size Square Meters: | 532 |
| Realtor Info: | Currently Leased |
| Sdeo yn: | No |
| Terms Of Lease: | Gross Lease |
| Total Acreage: | 1/4 to less than 1/2 |
| Total Monthly Expenses: | 1039 |
| Total Num Buildings: | 2 |
| Unit Count: | 2 |
| Unit Number Yn: | No |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Association 2 Yn: | 0 |
| Attribution Contact: | 352-508-5870 |
| Originating System Name : | Stellar MLS |
| Green Energy Generation Yn: | No |
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Property Last Updated: October 08, 2026 07:25 PM - ET
