1110 E Bates Ave

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Address: E Bates Ave, Eustis, FL 32726, USA
Florida & Gulf Coast + Apartment Buildings
Created date: December 12, 2025
Date last updated: April 8, 2026
Price: $699,999Investment Analyzer NEW!
  • Completely Renovated in 2022 at a cost of $248,000
  • Tenants Pay All Utilities, Reducing Owner Operating Expenses
  • Concrete Block Construction
  • Consistently strong renter demand driven by Eustis’ 8.1% population growth since 2020
  • Desirable location near downtown Eustis, the Golden Triangle, and major employment corridors
  • Value-add potential through interior upgrades, rent optimization, or improved management
  • Stable long-term market fundamentals supported by 2.4% average annual population growth over the past two decades
  • Major systems replaced, including full roof, all windows, upgraded 800-amp electrical service & meter cans
  • Modern interiors featuring LVP flooring, new insulation/drywall, updated doors, new finishes, and new appliance packages

Property Description

100Units.com presents Palmetto Flats, a 6-unit multifamily property located in the rapidly growing city of Eustis, Florida. The property consists of a concrete block, two-story building of 3,388 gross square feet with durable concrete roof. The unit mix includes two one-bedroom one-bath units and four two-bedroom one-bath units, offering an efficient blend of layouts attractive to a wide renter base. Tenants pay all utilities which are separately metered for electricity, water, sewer, and trash. In 2022, the building underwent a complete $248,000 renovation, during which the property was fully vacated and taken down to the concrete block. All work was permitted and overseen by a licensed General Contractor. Renovations include; roof, windows, doors, all floors, drywall, railings, gutters, all kitchens and all baths, new mini-split HVAC systems, all electrical and all potable/supply plumbing replacement. Situated near the heart of Eustis, the property benefits from strong population expansion—up 8.1% since 2020—and long-term growth averaging 2.4% annually over the past two decades, supported by a strengthening local job market and rising demand for well-located rental housing. With proximity to the Golden Triangle communities, a revitalized downtown, and abundant recreational amenities, 1110 Bates Ave offers investors a durable, low-maintenance asset positioned for stable cash flow and future value appreciation.
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Broker Details

Joe LaFleur
Joe LaFleur

100Units.com 866- GO- UNITS

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Key Property Information

Listing Status: Unavailable
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $699,999
No. of Units: 6
Average Occupancy: 7.58
Year Built: 1967
Lot Size: 0.25 Acres
Opportunity Zone: No
Price per unit: $116,667
Property Website Click Here
Address: 1110 E Bates Ave, Eustis, FL 32726, USA
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