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(386) 960-0076
Stork Real Estate
422 & 426 E Citrus Avenue, Eustis, FL 32726
- $939,800
- 13
- BD
- 8
- BA
- 5,203
- SqFt
- List Price
- $939,800
- MLS#
- G5117528
- Type
- Multifamily
- Bedrooms
- 13
- Bathrooms
- 8
- Living Area
- 5,203
- Lot Size
- 27,084
- Subdivision
- Eustis
- Year Built
- 1925
Property 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, 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.
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Additional Information
- Community Features
- No Deed Restriction
- Annual Gross
- 97320
- Style
- Quadruplex
- Interior
- 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
- 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
- Appliances
- Electric Water Heater, Gas Water Heater, Range, Range Hood, Refrigerator
- Exterior Construction
- Stucco, Frame, Wood Siding
- Exterior
- Lighting, Sidewalk, Storage
- Roof
- Metal, Other, Shingle
- High School
- Eustis High School
- Middle School
- Eustis Middle
- Elementary School
- Eustis Elem
- Extra Rooms
- Bonus Room, Family Room, Storage Rooms
- Located Near
- City Limits, Landscaped, Level, Oversized Lot, Sidewalk, Paved
- Utilities
- BB/HS Internet Available, Cable Available, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Water Connected
- Garage
- Assigned, Ground Level, Guest, Open
- Floor
- Carpet, Ceramic Tile, Laminate, Luxury Vinyl, Wood
- Heating
- Central, Electric
- Cooling
- Central Air, Mini-Split Unit(s)
- Pool Type
- No Pool
Listing courtesy of ROCK SPRINGS REALTY, LLC.
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