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426 E Citrus Avenue

Eustis, FL 32726
  • $1,175,100
  • STATUS: Active
  • ON SITE: 46 Days
  • MLS #: G5079488
UPDATED: 94 min ago
$1,175,100
  • 13
    BEDS
  • 0.62
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,203
    SQFT
  • $226
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1925
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

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: 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 Proformas. 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 directly for more information.

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© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-05-20T06:51:02.267.
www.momentumrealtors.com/homes/149151403
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426 E Citrus Avenue Eustis, FL 32726

  • Price: $1,175,100
  • Status: Active
  • On Site: 46 Days
  • Updated: 94 min ago
  • MLS #: G5079488
13
Beds
0
Baths
0
½ Baths
0.62
Acres
5,203
SQFT
$226
$/SQFT
1925
Built
Neighborhood:
Eustis
County:
Lake
Area:
Eustis
Elementary School:
Eustis Elem
Middle School:
Eustis Middle
High School:
Eustis High School
Property Description
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: 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 Proformas. 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 directly for more information.
Exterior Features

Attached Garage Yn No Carport Yn No Construction Materials StuccoWood FrameWood Siding Covered Spaces 5 Exterior Features Awning(s)LightingSidewalkStorage Foundation Details CrawlspaceSlab Garage Dimensions 20x48 Lot Features City LotLandscapedLevelOversized LotSidewalk Lot Size Dimensions 60 x 234 & 55 x 232 Open Parking YN Yes Other Structures Storage Parking Features AssignedGround LevelGuestOpen Patio And Porch Features CoveredEnclosedFront PorchPatioRear PorchScreened Pool Private Yn No Road Frontage Type Street Paved Road Surface Type PavedAsphalt Roof MetalOther Spa YN No Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Additional Rooms Bonus RoomFamily RoomStorage Rooms Appliances Electric Water HeaterRangeRange HoodRefrigerator Building Area Total 5797 Cooling Central AirMini-Split Unit(s) Cooling YN Yes Fireplace Yn No Flooring CarpetCeramic TileLaminateLuxury VinylHardwood Furnished Unfurnished Heating CentralElectric Heating YN Yes Interior Features Built-in FeaturesCeiling Fan(s)Eating Space In KitchenPrimary Bedroom Main FloorPrimaryBedroom UpstairsSolid Wood CabinetsSplit BedroomThermostatWalk-In Closet(s)Window Treatments Laundry Features None Levels Multi/Split Sewer Public Sewer Water Source Public Window Features Aluminum FramesBlindsWindow TreatmentsWood Frames

Property Features

Additional Lease Restrictions Lease Restrictions & Requirements Provided Upon Request. Annual Net Income 62635 Approval Process Lease Restrictions & Requirements Provided Upon Request. Association Approval Required Yn No Association Yn No Cdd Yn No Flood Zone Code x Garage Yn Yes Homestead Yn No Lease Considered YN Yes Lease Restrictions YN No Lease Term 12 Months Listing Terms CashConventional Minimum Lease No Minimum New Construction Yn No Number Of Pets 2 Ownership Fee Simple Pet Restrictions Pet Restrictions Provided Upon Request. Pet Size Small (16-35 Lbs.) Pets Allowed Breed RestrictionsNumber LimitSize LimitYes Planned Unit Development Yn No Property Condition Completed Property Sub Type Multi Family Realtor Info As-IsBrochure AvailableCurrently LeasedFloor Plan AvailableNo SignShort Term Rental AllowedSurvey Available Security Features Smoke Detector(s) Senior Community Yn No Special Listing Conditions None Tax Annual Amount 7255 Total Annual Fees 0 Total Monthly Fees 0 Utilities BB/HS Internet AvailableElectricity AvailableNatural Gas ConnectedPublicSewer ConnectedWater Connected Yrs Of Owner Prior To Leasing Re No Zoning SR


Listing information © 2024 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of ROCK SPRINGS REALTY, LLC: 877-333-2811.



© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-05-20T06:51:02.267.
 
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