422 & 426 E Citrus AvenueEustis, FL 32726

Description

ATTENTION INVESTORS: (2) QUAD-PLEX BUILDINGS FOR SALE, (8) APARTMENT UNITS + (4) STORAGE UNITS PROVIDING $97,000.00+ IN ANNUAL CASH FLOW, EUSTIS, FL 32726. Located at 422 & 426 E. Citrus Avenue in the historic district of Eustis and just (3) Blocks from downtown. This is a "turnkey" investment opportunity, 100% occupancy, annual tenants, and provides a blended 6.925% CAP-RATE. These two separate quadplex buildings sit on .62 acres (115'x 232') with "NO HOA" and includes 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-BathUnits. 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. Floor Plans & Seller Disclosures for each building & units are attached in the MLS, or available to be emailed. Detailed financials available to "Qualified Buyers" and includes full Unit Profiles, Upgrades/Improvements/Maintenance Info, Current & Past Income History, Expense Breakdown, Rental Comps Analysis for 1/1 & 2/1 rentals in the entire Eustis market. PLEASE DO NOT ENGAGE OR DISTURBANY OF THE TENANTS. NO SIGN at the property and all inquiries are to be directed "ONLY" to the Listing Broker. 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, ParcelID#11-19-26-0100-076-00403, Alt. Key#1243122. Call directly for more information.

Property Information

Property type

Residential Income

Sub-type

Quadruplex

Year built

1925

Living area

5,203 Sq Ft

Lot size

0.62 acres

Lot dimensions

60x234 & 55x232

Garage spaces

5

Ownership

Fee Simple

Zoning

SR

Days on market

20

MLS^® Listing#

G5117528

Property Features

Interior

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

Exterior

Lighting · Storage

Appliances

Electric Water Heater · Gas Water Heater · Range · Range Hood · Refrigerator

Cooling

Central Air

Heating

Central · Electric

Flooring

Carpet · Ceramic Tile · Laminate · Wood

Basement

Crawl Space

Parking

Assigned · Guest · Open

Laundry

None

Patio

Covered · Enclosed · Front Porch · Patio · Rear Porch · Screened

Lot features

Landscaped · Level · Paved

Construction

Stucco · Frame · Wood Siding

Foundation

Slab

Roof

Metal · Other · Shingle

Windows

Window Coverings · Aluminum Frames · Blinds · Window Treatments · Wood Frames

Security

Smoke Detector(s)

Other structures

Storage

Utilities

Natural Gas Available · Cable Available · Electricity Connected · Natural Gas Connected · 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

$7,560Tax year 2025

Parcel number

11-19-26-01000760401

Directions

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