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.