422 & 426 Citrus Avenue, Eustis, FL 32726
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  • MLS#: G5108356 ( Multi-Family )
  • Street Address: 422 & 426 Citrus Avenue
  • Viewed: 4
  • Price: $980,000
  • Price sqft: $169
  • Waterfront: No
  • Year Built: 1925
  • Bldg sqft: 5797
  • Bedrooms: 13
  • Total Baths: 8
  • Garage / Parking Spaces: 5
  • Days On Market: 30
  • 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
  • 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. 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.
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  • Possible terms: Cash, Conventional, FHA, VaLoan
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Details for 422 & 426 Citrus Avenue, EUSTIS, FL 32726
$980,000.00 ($169.05 / sqft )

422 & 426 Citrus Avenue More Like This

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 th

  1. Bedrooms: 13
  2. Baths: 8
  3. Approx. 5797 sqft
  1. MLSID: G5108356
  2. Provided by ROCK SPRINGS REALTY, LLC
  3. Contact Joel Bornstein
  4. mfrmls
  5. DMCA Notice