FL
Lake
EUSTIS
32726
426 E CITRUS AVENUE
426 E CITRUS AVENUE, EUSTIS, FL 32726
Listing Type
Multi Family
Listing Status
active
95
$1,150,100

Home Details for 426 E CITRUS AVENUE

Price
$1,150,100
Type
Residential Income
Bedrooms
13
Bathrooms
8.0
Square feet
5203
Year built
1925
Lot size acres
0.62
County
Lake
Garage
5
Basement
Crawl Space
Days on site
255
MLS Listing#
G5079488
Listing courtesy: ROCK SPRINGS REALTY, LLC - 877-333-2811
Property Description

"REDUCED PRICE" - 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: SELLER FINANCING AVAILABLE FOR A SMALL PERCENTAGE (25% +/-) OF THE PURCHASE PRICE FOR QUALIFIED BUYERS. 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 actual financials. PLEASE DO NOT ENGAGE 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 directly for more information.

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Property Features
  • Utilities
    • Natural Gas Available
    • Electricity Available
    • Natural Gas Connected
    • Sewer Connected
    • Water Connected
  • House Interior
    • Built-in Features
    • Eat-in Kitchen
    • Walk-In Closet(s)
  • Parking
    • Assigned
    • Guest
    • Open
  • Heating Information
    • Central
    • Electric
  • Cooling Information
    • Central Air
  • Water Features
    • Public
  • Garage
    • false
  • Basement
    • Crawl Space
School Information
School Information for 426 E CITRUS AVENUE, EUSTIS, FL 32726
Elementary School
Eustis Elem
Middle School
Eustis Middle
High School
Eustis High School
Listings courtesy of Stellar MLS.
IDX information is provided exclusively for consumers’ personal, non-commercial use. This data may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS.
Last Updated: 2024-12-11 03:27:36
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Market statistics compiled from data from Stellar MLS.
EXIT REALTY TRI-COUNTY
18610 US Hwy 441, Mount Dora, FL 32757
Office
352 385 3948
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