426 E Citrus AvenueEustis, FL 32726

Description

"NEW PRICE"- ATTENTION LANDLORDS & INVESTORS: QUAD-PLEX APARTMENT BUILDING, PLUS (4) STORAGE RENTAL UNITS FOR SALE IN EUSTIS, FL 32726. Located in the historic district of Eustis and just (3) Blocks from downtown. Currently delivering a 6.82% CAP Rate with Additional Revenue Potential. 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. All units were fully remodeled and updated in 2019. The property also includes a detached (4-unit) rental storage building with roll-up doors that generates $500.00 in monthly income. 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. ALSO, the Quad-Plex next door is also listed for sale (422 E. Citrus Ave.), see MLS#G5108332.

Property Information

Property type

Residential Income

Sub-type

Quadruplex

Year built

1925

Living area

2,304 Sq Ft

Lot size

0.32 acres

Lot dimensions

60x234

Garage spaces

4

Ownership

Fee Simple

Zoning

SR

Days on market

246

MLS^® Listing#

G5107267

Property Features

Interior

Built-in Features · Walk-In Closet(s)

Exterior

Awning(s) · Lighting · Storage

Appliances

Electric Water Heater · Range · Range Hood · Refrigerator

Heating

Central · Electric

Flooring

Laminate · Wood

Basement

Crawl Space

Parking

Assigned · Guest · Open

Laundry

None

Patio

Patio · Rear Porch

Lot features

Landscaped · Level · Paved

Construction

Stucco · Frame

Foundation

Slab

Roof

Membrane

Windows

Window Coverings · Aluminum Frames · Blinds · Window Treatments

Security

Smoke Detector(s)

Other structures

Storage

Utilities

Electricity 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

$3,645Tax year 2025

Parcel number

11-19-26-0100-076-00403

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.