426 CITRUS AVENUE

City: | Subdivision:

ATTENTION INVESTORS: (2) QUADPLEX BUILDINGS FOR SALE, (8) APARTMENT UNITS + (4) STORAGE UNITS KICKING OFF $95,000.00 IN ANNUAL CASH FLOW, EUSTIS, FL 32726. Located at 422 & 426 E. Citrus Avenue in the historic district of Eustis and just (3) Block from downtown, this is a “turnkey” investment opportunity, 100% occupancy, annual tenants, providing a solid 8% CAP-RATE ROI. These two separate quadplexes sits on .62 acres (115’x 232′) with “NO HOA” and offer a combined heated 5,203 s/f and total size of 5,797 s/f. Both building are on City of Eustis water & sewer services. Building 422 Profile: (3-qty) 1-Bedroom, 1-Bath and (1-qty) 2-Bedroom, 1-Bath Units. All units were fully remodeled and updated in 2018. Building 426 Profile: (4-qty) 2-Bedroom, 1-Bath Units. All units were fully remodeled and updated in 2019. Building 426 also has a detached (4-qty) Rental Storage Units with Roll-Up Doors that also generate cash flow to the property.All units have (2) dedicated parking spaces each. Additionally, the property is located within close proximity & walking distance to Downtown Eustis & Bay Street, Lake Eustis lakefront, lots of restaurants, shops, city parks & just 5-minutes to the Lake County Mall, Target, Walmart, etc. and a variety of other conveniences for the tenants and their guests. NOTE: Floor Plans & Seller Disclosures for each building & units are attached in the MLS, or available to be emailed upon request. Detailed financials are available to “Qualified Buyers” and includes full Unit Profiles, Upgrades/Improvements/Maintenance Info, Current & Past Income History, Expense Breakdown and Rental Comps Analysis for 1/1 & 2/1 rentals in the entire Eustis market which shows units could still be competitive with an additional 10%-15% rent increase on annual renewals. “EVERY BUYER” will be required to sign an NDA (non-disclose agreement) prior to receiving the Proformas. PLEASE DO NOTENGAGE OR DISTURB ANY OF THE TENANTS. NO SIGN at the property and all inquiries are to be directed to the Listing Broker only. For reference, the purchase price includes the following properties: 422 E. Citrus Ave, Parcel ID#11-19-20-0100-076-00401, Alt Key#1759641″and” 426 E. Citrus Ave, Parcel ID#11-19-26-0100-076-00403, Alt. Key#1243122. Call for more information.

Basic Details
Property Type : Residential
Residential Sub Type : Single Family Residence
Listing Type : For Sale
Listing ID : MFRG5080470
Price : $1,173,000
Bedrooms : 13
Bathrooms : 8
Square Footage : 5,203 Sqft
Year Built : 1925
Lot Size : 27,084 Sqft
Status : Active
Days On Market : 108
Lot Size Dimensions : 60x234 & 55x232
Standard Status : Active
Features
: Central , Electric
: Central Air , Mini-split Unit(s)
: Smoke Detector(s)
: Covered , Front Porch , Rear Porch , Screened , Patio , Enclosed
: Metal , Other
: Refrigerator , Range , Range Hood , Electric Water Heater
: Historic
: Lighting , Sidewalk , Storage , Awning(s)
0
: Carpet , Ceramic Tile , Wood , Laminate , Luxury Vinyl
5
: Built-in Features , Walk-in Closet(s) , Ceiling Fans(s) , Split Bedroom , Eat-in Kitchen , Solid Wood Cabinets , Window Treatments , Thermostat , Primary Bedroom Main Floor , Primarybedroom Upstairs
: None
: Landscaped , Oversized Lot , Level , Paved , Sidewalk , City Limits
: Assigned , Guest , Open , Ground Level
SR
Address Map
USA
FL
Lake
EUSTIS
EUSTIS
32726
CITRUS
426
AVENUE
0
W82° 19' 10''
N28° 51' 5.6''
From Hwy 441 in Eustis, head north on S. Bay Street (19) for approximately 2 miles. Turn right onto Citrus Ave and follow down. Property will be down on the right.
32726 - Eustis
E
Neighborhood
Neighborhood
Additional Info
ROCK SPRINGS REALTY, LLC
Joel Bornstein
$0
: Stucco , Wood Frame , Wood Siding
East
Eustis Elem
: Slab , Crawlspace
Eustis High School
: Multi/split
MFR260502009
MFR260502668
Eustis Middle
11-19-26-0100-076-00403
: Public Sewer
: None
0
$7,255
2023
: Public , Natural Gas Connected , Sewer Connected , Bb/hs Internet Available , Electricity Available , Water Connected
04-03-2024
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426 CITRUS AVENUEEUSTIS, Florida 32726

  • Bedrooms : 13
  • Bathrooms : 8
  • Square Footage: 5,203 Sqft
  • Visits : 79 in 107 days
$1,173,000
Listing ID#MFRG5080470
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