EUSTIS, FL 32726 422 & 426 E CITRUS AVENUE
$980,000
92 more
Presented By: ROCK SPRINGS REALTY, LLC with 877-333-2811. - 877-333-2811
Beds • 13
Baths • 8
SQFT • 5,203
Garage • 5
Home Details
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, providing a blended 6.64% 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-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. 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.
Presented By: ROCK SPRINGS REALTY, LLC with 877-333-2811. - 877-333-2811
Interior Features for 422 & 426 E CITRUS AVENUE
Bedrooms
Total Bedrooms13
Bathrooms
Total Baths8
Other Interior Features
LivingAreaSourceEstimated
Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringCarpet, Ceramic Tile, Laminate, Luxury Vinyl, Hardwood
Furnished Y/NUnfurnished
Heating Y/NYes
Interior AmenitiesBuilt-in Features, Ceiling Fan(s), Eating Space In Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments
Laundry FeaturesNone
Window FeaturesAluminum Frames, Blinds, Window Treatments, Wood Frames
General for 422 & 426 E CITRUS AVENUE
Additional Parcels Description11-19-26-0100-076-00403
Additional Parcels Y/NYes
Additional RoomsBonus Room, Family Room, Storage Rooms
AppliancesElectric Water Heater, Gas Water Heater, Range, Range Hood, Refrigerator
Attached Garage No
Building Area UnitsSquare Feet
Carport Y/NNo
CityEUSTIS
Construction MaterialsStucco, Wood Frame, Wood Siding
CoolingCentral Air, Mini-Split Unit(s)
CountyLake
DirectionsFrom 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.
Elementary SchoolEustis Elem
Flood Zone Codex
Flood Zone Code XY
Garage Spaces5
Garage Y/NYes
Gross Income97320
HeatingCentral, Electric
High SchoolEustis High School
Land Lease Y/NNo
Lease Considered Y/NYes
Legal DescriptionEUSTIS BEG 79 FT E OF SW COR OF LOT 4 BLK 76 RUN N TO PT 44 FT S OF N LINE OF LOT 4 E 4 FT N 44 FT E 51 FT S TO S LINE LOT 4 W TO POB PB 1 PG 79 ORB 6319 PG 2114
LevelsMulti/Split
Listing TermsCash, Conventional, FHA, VA Loan
Living Area UnitsSquare Feet
Lot Size Square Feet27084
Lot Size UnitsSquare Feet
MLS Area32726 - Eustis
Middle/Junior High SchoolEustis Middle
Minimum LeaseNo Minimum
New ConstructionNo
Number Of Units Total8
Occupancy TypeTenant
Ok to Lease12 Months
Other StructuresStorage
OwnershipFee Simple
Patio/Porch FeaturesCovered, Enclosed, Front Porch, Patio, Rear Porch, Screened
Pet Size LimitSmall (16-35 Lbs.)
Pets AllowedBreed Restrictions, Number Limit, Size Limit, Yes
PossessionClose Of Escrow
Property ConditionCompleted
Property SubtypeMulti Family (5+)
Property TypeResidential Income
RoofMetal, Other, Shingle
Security FeaturesSmoke Detector(s)
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameEUSTIS
Tax Annual Amount7560
Tax Lot1
Tax Year2025
Tenant PaysElectricity
Total Actual Rent8110
UtilitiesBB/HS Internet Available, Cable Available, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Water Connected
Water Access Y/NNo
Water View Y/NNo
Year Built1925
ZoningSR
Exterior for 422 & 426 E CITRUS AVENUE
Building Area Total5797
Covered Spaces5
Exterior AmenitiesAwning(s), Lighting, Sidewalk, Storage
Foundation DetailsCrawlspace, Slab
Lot Dimensions60 x 234 & 55 x 232
Lot FeaturesCity Lot, Landscaped, Level, Oversized Lot, Sidewalk
Lot Size Acres0.62
Lot Size Area27084
Number of Buildings3
Number of Lots2
Number of Separate Electric Meters10
Parking FeaturesAssigned, Ground Level, Guest, Open
Private PoolNo
Road Frontage TypeStreet Paved
Road ResponsibilityPublic Maintained Road
Road Surface TypePaved, Asphalt
SpaNo
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Steven Silcock
Broker Owner