422 E Citrus AvenueEustis, FL 32726

Description

"NEW PRICE"- ATTENTION LANDLORDS & INVESTORS: QUAD-PLEX APARTMENT BUILDING FOR SALE IN EUSTIS, FL 32726. Located in the historic district of Eustis and just (3) Blocks from downtown. Currently delivering a 7.03% CAP Rate with Additional Revenue Potential. $47,220.00 Gross Revenue. $33,049.00 Net Operating Income. This "TURNKEY" investment opportunity is 100% Occupied and All Tenants are on Annual Leases. No "HOA". City of Eustis water & sewer. Unit Profile: Living/Dining Rooms, Full Kitchen, Full Bathroom, Primary Bedroom, Bonus/Bedroom#2, Rear Porch. (2) Dedicated Parking Spaces per unit. All units are in good operating condition! 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. PLEASE DO NOT ENGAGE OR DISTURB TENANTS. NO SIGN at the property and all inquiries are to be directed to the Listing Agent only. FULL FINANCIALS, PROPERTY PROFILE, RENT ROLLS, EXPENSES, FLOOR PLAN, SURVEY, ETC., ARE AVAILABLE TO QUALIFIED BUYERS.

Property Information

Property type

Residential Income

Sub-type

Quadruplex

Year built

1884

Living area

2,841 Sq Ft

Lot size

0.29 acres

Lot dimensions

55x234

Ownership

Fee Simple

Zoning

SR

Days on market

224

MLS^® Listing#

G5108016

Property Features

Interior

Built-in Features · Eat-in Kitchen · Walk-In Closet(s)

Exterior

Lighting

Appliances

Electric Water Heater · Range · Range Hood · Refrigerator

Heating

Central · Electric

Flooring

Carpet · Ceramic Tile · Laminate · Wood

Basement

Crawl Space

Parking

Guest

Laundry

None

Patio

Front Porch · Patio · Rear Porch · Screened

Lot features

Level · Near Public Transit · Paved

Construction

Frame

Roof

Metal · Shingle

Windows

Window Coverings · Window Treatments

Community

Sidewalks · Street Lights

Utilities

Cable Available · Electricity Connected · Phone Available · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Eustis Elem

Middle

Eustis Middle

High

Eustis High School

Financial Details

HOA

None

Annual taxes

$3,915Tax year 2025

Parcel number

11-19-26-0100-076-00401

Directions

Driving Directions: From Hwy 441 in Eustis, head north on S. Bay Street (Hwy 19) for approximately 2 miles. Turn right onto Citrus Ave and follow down. Property will be down on the right.