Address426 East Citrus Avenue, EUSTIS, FL, 32726
Price$1,175,000
- 13 Beds
- 8 Baths
- Residential
- 5,203 SQ FT
- Built in 1925
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. A detailed Proforma for each Building is 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.
Essential Information
- MLS® #G5080470
- Price$1,175,000
- Bedrooms13
- Bathrooms8.00
- Full Baths8
- Square Footage5,203
- Acres0.62
- Price/SqFt$226 USD
- Year Built1925
- TypeResidential
- StyleHistoric
- StatusActive
Community Information
- Address426 East Citrus Avenue
- AreaEustis
- SubdivisionEUSTIS
- CityEUSTIS
- CountyLake
- StateFL
- Zip Code32726
Sub-Type
Residential, Single Family Detached
Parking
Assigned, Ground Level, Guest, Open
Interior Features
Built-in Features, Ceiling Fans(s), Eat-in Kitchen, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments
Appliances
Electric Water Heater, Range, Range Hood, Refrigerator
Cooling
Central Air, Mini-Split Unit(s)
Exterior Features
Awning(s), Lighting, Sidewalk, Storage
Lot Description
City Limits, Landscaped, Level, Oversized Lot, Sidewalk, Paved
Amenities
- # of Garages5
Interior
- HeatingCentral, Electric
Exterior
- RoofMetal, Other
- FoundationCrawlspace, Slab
School Information
- ElementaryEustis Elem
- MiddleEustis Middle
- HighEustis High School
Additional Information
- Date ListedApril 3rd, 2024
- Days on Market27
- ZoningSR
Listing Details
- OfficeROCK SPRINGS REALTY, LLC
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