426 E Citrus Ave, Eustis, FL 32726
$1,150,100
Reduced By $24,900
last change 9/26/2024
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Home Description
"REDUCED PRICE" - 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, 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#1759641"and" 426 E. Citrus Ave, Parcel ID#11-19-26-0100-076-00403, Alt. Key#1243122. Call for more information.
- MLS #: G5080470
- Address: 426 E Citrus Ave
- Levels: Multi/Split
- City: Eustis
- Zip: 32726
- County: Lake
- Subdivision: Eustis
- Elementary School: Eustis Elem
- Middle School: Eustis Middle
- High School: Eustis High School
- Interior Features: Built-in Features,Ceiling Fans(s),Eat-in Kitchen,Primary Bedroom Main Floor,PrimaryBedroom Upstairs,Solid Wood Cabinets,Split Bedroom,Thermostat,Walk-In Closet(s),Window Treatments
- Appliances: Electric Water Heater,Range,Range Hood,Refrigerator
- Floor Covering: Carpet,Ceramic Tile,Laminate,Luxury Vinyl,Wood
- Additional Rooms: Bonus Room,Family Room,Storage Rooms
- Architectural Style: Historic
- Exterior Features: Awning(s),Lighting,Sidewalk,Storage
- Exterior Contruction: Stucco,Wood Frame,Wood Siding
- Foundation: Crawlspace,Slab
- Front Exposure: East
- Roof: Metal,Other
- Building Sqft: 5797
Available now at $1,150,100
Approximate Room Sizes / Descriptions
| Living Room | 15x18 | First | Wood |
| Kitchen | | First | Ceramic Tile |
| Primary Bedroom | | First | |
- Attached Garage: False
- Garage: True
- Garage Spaces: 5
- Garage Feature: Assigned,Ground Level,Guest,Open
- Carport: False
- Carport Spaces: 0
- Air Conditioning: Central Air,Mini-Split Unit(s)
- Heating: Central,Electric
- Utilities: BB/HS Internet Available,Electricity Available,Natural Gas Connected,Public,Sewer Connected,Water Connected
- Lot Sqft: 27084.00
- Lot Dim: 60x234 & 55x232
- Lot Acres: 0.6200
- Total Acre: 1/2 to less than 1
- Lot Num: 4
- Style: Single Family Residence
- Location: City Limits,Landscaped,Level,Oversized Lot,Paved,Sidewalk
- Pets Allowed: Breed Restrictions,Number Limit,Size Limit,Yes
- Pet Restrictions: Pet Restrictions Provided Upon Request.
- Pet Size: Small (16-35 Lbs.)
- Num Pets: 2
- : 877-333-2811
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Financial
- Approx Payment:$5,595*
- Taxes:$7,255
Area Stats
These statistics are updated daily from the My Florida Regional MLS. For further analysis or
to obtain statistics not shown below please call EasyStreet Realty at
(954) 439-6446 and speak with one of our real estate consultants.
Popular Homes
$605,666
$567,000
6
0.0%
33.3%
84
$476,376
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29
0.0%
41.4%
88
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$436,065
167
1.2%
49.7%
77
$343,325
$328,000
523
3.3%
53.5%
82
$389,487
$359,000
59
1.7%
57.6%
91
$744,720
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20
0.0%
65.0%
146
$381,632
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24
0.0%
66.7%
92
$571,450
$437,000
42
0.0%
52.4%
139
$598,930
$439,900
115
0.0%
53.9%
112
$784,491
$652,500
106
0.0%
53.8%
87
$361,777
$339,250
508
1.4%
54.5%
101
$515,047
$469,500
297
0.7%
49.8%
93
$345,424
$340,000
87
1.1%
43.7%
82
$503,595
$402,475
176
0.0%
47.7%
114
$487,953
$415,000
527
0.2%
49.0%
82
$498,707
$347,520
109
0.9%
45.9%
108
$567,300
$524,000
12
0.0%
41.7%
53
Listing Courtesy of ROCK SPRINGS REALTY, LLC.
For information or to schedule a viewing of this property (MLS# G5080470), call: 954 439 6446
426 E Citrus Ave, Eustis FL is a single family home of 5203 sqft and
is currently priced at $1,150,100
.
This single family home has 13 bedrooms.
A comparable home for sale at 105 S Grove St in Eustis is listed at $499,950.
In addition to single family homes, EasyStreet also makes it easy to find Homes, Condos, New Homes and Foreclosures
in Eustis, FL.
Crooked Lake Reserve, Fairoaks and Lake Joanna Estates are nearby neighborhoods.
MLS G5080470 has been posted on this site since 4/3/2024 (today).