422 & 426 E CITRUS AVENUE, Eustis, Florida, 32726
$939,000
5,203 Sqft
0.62 Acres
13 bd
8 ba
#G5117528
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 FEATURES
- Additional Rooms : Bonus Room,Family Room,Storage Rooms
- Utilities : BB/HS Internet Available, Cable Available, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Water Connected
- Water Access : 0
- Sewer : Public Sewer
- Parking Features : Lighting, Sidewalk, Storage
- Garage On Property : Yes.
- Garage Spaces: 5
- Exterior Features : Lighting, Sidewalk, Storage
- Lot Features : City Limits, Landscaped, Level, Oversized Lot, Sidewalk, Paved
- Patio And Porch Features : Covered, Enclosed, Front Porch, Patio, Rear Porch, Screened
- Road Surface Type : Asphalt
- Roof : Metal, Other, Shingle
- Zoning : SR
- Heating : Central, Electric
- Cooling : Central Air, Mini-Split Unit(s)
- Construction Materials : Stucco, Frame, Wood Siding
- Interior Features : Built-in Features, Ceiling Fans(s), Eat-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 Features : None
- Appliances : Electric Water Heater, Gas Water Heater, Range, Range Hood, Refrigerator
- Window Features : Aluminum Frames, Blinds, Window Treatments, Wood Frames
- Flooring : Carpet, Ceramic Tile, Laminate, Luxury Vinyl, Wood
PROPERTY DETAILS
ID: G5117528
Status: Active
Price: $939,000
Acres: 0.62 Acres
Price Per Acre: $1,514,516
Type: Other
Address: 422 & 426 E CITRUS AVENUE
City, State: Eustis, Florida
County: Lake
Zip Code: 32726
Lat/Long: 28.851475, -81.680673
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