2118 BATES AVENUE
About This Property
Opportunity awaits at 2118 Bates Avenue in Eustis. This property is a total fixer-upper and is being sold AS-IS, offering a blank canvas for renovation, redevelopment, or investment. Ideal for investors, contractors, or buyers looking to create value through a full rehab.
Situated on a spacious lot in an established neighborhood, the home offers strong potential for those with vision. Conveniently located near downtown Eustis, shopping, dining, and major roadways with easy access to Mount Dora and Tavares.
Cash or renovation financing recommended. No HOA. Bring your contractor, your creativity, and your plans-this is a true value-add opportunity in a desirable Lake County location.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 13, 2026 | Sold | ||
| Sold | |||
| Feb 27, 2026 | In contract | - | |
| In contract | |||
| Feb 25, 2026 | Relisted | $65,000 | |
| Relisted | |||
| Feb 16, 2026 | In contract | - | |
| In contract | |||
| Jan 28, 2026 | Listed by DAVE LOWE REALTY, INC. | $65,000 | |
| Listed by DAVE LOWE REALTY, INC. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017