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$1,175,100

41 Days Online

426 E Citrus Avenue
Eustis, FL 32726

For Sale|Single Family Home|Active
13

Beds
8

Full Baths
0

Partial Baths
5,203

SqFt
$226

/SqFt
1925

Built
Subdivision:
Eustis
County:
Lake

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426 E Citrus Avenue426 E Citrus Avenue426 E Citrus Avenue426 E Citrus Avenue
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Monthly Payment (Est.)

$5,361

Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

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.

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Listing Snapshot
Price 
$1,175,100
Days Online 
41 Days
Bedrooms 
13
Inside Area (SqFt) 
5,203 sqft
Total Baths 
8
Full Baths 
8
Partial Baths 
N/A
Lot Size 
0.62 Acres
Year Built 
1925
MLS® Number 
G5080470
Status 
Active
Property Tax 
$7,255
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Estimated
Friends & Family
Recent Activity
4 days ago Listing updated with changes from the MLS®
2 weeks ago Price changed to $1,175,100
a month ago Listing first seen online
General Features
Style 
Historic
Construction 
StuccoWood Siding
Parking 
AssignedGround LevelGuestOpen
Sewer 
Public Sewer
Number of Stories 
Multi/Split
Acreage 
0.62
Water 
Public
Security 
Smoke Detector(s)
Property Sub Type 
Single Family Residence
Garage Spaces 
5
Attached Garage 
No
Utilities 
Electricity AvailableNatural Gas ConnectedSewer ConnectedWater Connected
Foundation 
Slab
Zoning 
SR
Direction Faces 
East
Minimum Lease 
No Minimum
Ownership 
Fee Simple
Parcel Number 
11-19-26-0100-076-00403
Interior Features
Cooling 
Central AirMini- Split Unit(s)
Heating 
CentralElectric
Appliances 
Electric Water HeaterRangeRange HoodRefrigerator
Flooring 
CarpetCeramic TileLaminateLuxury VinylWood
Furnished? 
Unfurnished
Interior 
Built-in FeaturesCeiling Fans(s)Eat-in KitchenPrimary Bedroom Main FloorPrimaryBedroom UpstairsSolid Wood CabinetsSplit BedroomThermostatWalk-In Closet(s)Window Treatments
Laundry Features 
None
Window Features 
Aluminum FramesBlindsWindow TreatmentsWood Frames
Fireplace 
No
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Exterior Features
Roof 
MetalOther
Spa 
No
Waterfront Property 
No
Exterior 
Awning(s)LightingSidewalkStorage
Lot 
City LimitsLandscapedLevelOversized LotSidewalkPaved
Patio And Porch 
CoveredEnclosedFront PorchPatioRear PorchScreened
Other Structures 
Storage
Community Features
Pets 
Breed RestrictionsNumber LimitSize LimitYes
Township 
19S
Senior Community 
No
MLS Area 
32726 – Eustis
Security Features 
Smoke Detector(s)
Schools
School District

Unknown
Elementary School

Eustis Elem
Middle School

Eustis Middle
High School

Eustis High School
Listing courtesy of ROCK SPRINGS REALTY, LLC 877-333-2811

Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2024, Stellar MLS.

Data last updated at: 2024-05-14 07:25 PM EDT

Neighborhood & Commute
Source: Walkscore
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