Company

Real Estate

Tools

Contact

[email protected]
1-407-992-8955
175 E. Main Street,
Suite 104 Apopka,
FL 32703

426 E CITRUS AVENUE

EUSTIS, FL 32726

Beds

Baths

Square Ft.

5,203

Active

Residential

Virtual Tour

$1,173,000

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,… Read More 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: SELLER FINANCING AVAILABLE FOR A SMALL PERCENTAGE (25% +/-) OF THE PURCHASE PRICE FOR QUALIFIED BUYERS. 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 actual financials. PLEASE DO NOT ENGAGE 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#1759641and 426 E. Citrus Ave, Parcel ID#11-19-26-0100-076-00403, Alt. Key#1243122. Call for more information. Read Less

Courtesy of ROCK SPRINGS REALTY, LLC 877-333-2811

Listing Snapshot

Days Online

170

Last Updated

Sep 20, 2024

Property Type

Single Family Residence

Beds

Full Baths

Square Ft.

5,203

Lot Size

0.62 Acres

Year Built

1925

MLS Number

G5080470

30 Days Snapshot Of 32726

+8%

(avg) sold price

-6%

homes sold

+6%

(avg) days on market

Snapshot

Area Map

Additional Details

Building

Living Area Meters: 483.37, Room Count: 3, Architectural Style: "Historic", Building Area Total: 5797, Building Area Units: Square Feet, Construction Materials: "Stucco", "Wood Frame", "Wood Siding", Direction Faces: East, Levels: "Multi/Split", Living Area: 5203, Year Built: 1925

Garage

Garage Dimensions: 20x48, Garage Spaces: 5

Lot

Lot Size Square Meters: 2516, Total Acreage: 1/2 to less than 1, Features: "City Limits", "Landscaped", "Level", "Oversized Lot", "Sidewalk", "Paved", 0.62 acres, 27084 square feet, Dimensions: 60x234 & 55x232, Number Of Lots: 2

Pets Policy

Number Of Pets: 2, Pet Restrictions: Pet Restrictions Provided Upon Request., Pet Size: Small (16-35 Lbs.), Pets Allowed: "Breed Restrictions", "Number Limit", "Size Limit", "Yes"

Property Access

Road Surface: "Asphalt", Road Responsibility: "Public Maintained Road"

Appliances & Equipment

Appliances: "Electric Water Heater", "Range", "Range Hood", "Refrigerator"

Cooling

Cooling: "Central Air", "Mini-Split Unit(s)"

Disclosures

Disclosures: "Lead Paint", "Seller Property Disclosure"

Exterior Features

Exterior Features: "Awning(s)", "Lighting", "Sidewalk", "Storage"

Floors

Flooring: "Carpet", "Ceramic Tile", "Laminate", "Luxury Vinyl", "Wood"

Foundation

Foundation Details: "Crawlspace", "Slab"

Heating

Heating: "Central", "Electric"

Interior Features

Furnished: Unfurnished, Interior Features: "Built-in Features", "Ceiling Fans(s)", "Eat-in Kitchen", "Primary Downstairs", "PrimaryBedroom Upstairs", "Solid Wood Cabinets", "Split Bedroom", "Thermostat", "Walk-In Closet(s)", "Window Treatments"

Laundry

Laundry Features: "None"

Parking

Parking Features: "Assigned", "Ground Level", "Guest", "Open"

Property

Other Structures: "Storage", Patio and Porch Features: "Covered", "Enclosed", "Front Porch", "Patio", "Rear Porch", "Screened", Property Condition: "Completed", Vegetation: "Mature Landscaping", "Oak Trees", "Trees/Landscaped", Zoning: SR

Roof

Roof: "Metal", "Other"

Sewer

Sewer: "Public Sewer"

Utilities

Utilities: "BB/HS Internet Available", "Electricity Available", "Natural Gas Connected", "Public", "Sewer Connected", "Water Connected", Water Source: "Public"

Windows

Window Features: "Aluminum Frames", "Blinds", "Window Treatments", "Wood Frames"

Find The Perfect Home

'VIP' Listing Search

Whenever a listing hits the market that matches your criteria you will be immediately notified.

Join The List

Mortgage Calculator

Selling price

Down payment

Term (years)

Interest rate (%)

Monthly Payment

IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the MLS GRID as of Sep 20, 2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
This content last updated on Sep 20, 2024. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

'VIP' Property Search

Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.

Preferred neighborhoods *

- First Name *
- Last Name *
Email *
Phone

I agree to receive a marketing communication via voice call, AI voice call, text message or similar automated means from Arrowsmith Realty, Inc.. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Reply STOP to unsubscribe. Privacy Policy *

426 E CITRUS AVENUE

'VIP' Listing Search

Schools In The Area

Similar Listings

'VIP' Property Search

1. Neighborhoods

2. Home Type

3. Send

The next step.

About

Quick Links

Contact Info