422 Citrus Avenue, EUSTIS, FL 32726
  • MLS#: G5108356 ( Residential Income )
  • Street Address: 422 Citrus Avenue
  • Viewed: 2
  • Price: $980,000
  • Price sqft: $169
  • Waterfront: No
  • Year Built: 1925
  • Bldg sqft: 5797
  • Bedrooms: 13
  • Total Baths: 8
  • Garage / Parking Spaces: 5
  • Additional Information
  • Geolocation: 28.8516 / -81.6808
  • County: LAKE
  • City: EUSTIS
  • Zipcode: 32726
  • Subdivision: Eustis
  • Elementary School: Eustis Elem
  • Middle School: Eustis
  • High School: Eustis
  • Provided by: ROCK SPRINGS REALTY, LLC
  • Contact: Joel Bornstein
  • 877-333-2811
  • mfrmls
  • DMCA Notice
  • Description
    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 roi. These two separate quadplexes sits 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.
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Features
Appliances
  1. Electric Water Heater
  2. Gas Water Heater
  3. Range
  4. Range Hood
  5. Refrigerator
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
  2. Mini-Split Unit(s)
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Awning(s)
  2. Lighting
  3. Sidewalk
  4. Storage
Flooring
  1. Carpet
  2. Ceramic Tile
  3. Laminate
  4. Luxury Vinyl
  5. Wood
Furnished
  1. Unfurnished
Garage Spaces
  1. 5.00
Heating
  1. Central
  2. Electric
High School
  1. Eustis High School
Insurance Expense
  1. 0.00
Interior Features
  1. Built-in Features
  2. Ceiling Fans(s)
  3. Eat-in Kitchen
  4. Kitchen/Family Room Combo
  5. Living Room/Dining Room Combo
  6. Primary Bedroom Main Floor
  7. PrimaryBedroom Upstairs
  8. Solid Wood Cabinets
  9. Split Bedroom
  10. Thermostat
  11. Walk-In Closet(s)
  12. Window Treatments
Legal Description
  1. EUSTIS 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
Levels
  1. Multi/Split
Living Area
  1. 5203.00
Lot Features
  1. City Limits
  2. Landscaped
  3. Level
  4. Oversized Lot
  5. Sidewalk
  6. Paved
Middle School
  1. Eustis Middle
Area Major
  1. 32726 - Eustis
Net Operating Income
  1. 0.00
Occupant Type
  1. Tenant
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Other Structures
  1. Storage
Parcel Number
  1. 11-19-26-0100-076-00401
Parking Features
  1. Assigned
  2. Ground Level
  3. Guest
  4. Open
Pets Allowed
  1. Breed Restrictions
  2. Number Limit
  3. Size Limit
  4. Yes
Possession
  1. Close Of Escrow
Property Condition
  1. Completed
Property Type
  1. Residential Income
Roof
  1. Metal
  2. Other
  3. Shingle
School Elementary
  1. Eustis Elem
Sewer
  1. Public Sewer
Tax Year
  1. 2025
Tenant Pays
  1. Electricity
Township
  1. 19S
Utilities
  1. BB/HS Internet Available
  2. Cable Available
  3. Electricity Connected
  4. Natural Gas Connected
  5. Public
  6. Sewer Connected
  7. Water Connected
Water Source
  1. Public
Year Built
  1. 1925
Zoning Code
  1. SR
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