426 E Citrus AvenueEustis, FL 32726MLS Number G5079488

  • Price: $1,174,000
  • Est. Mortgage of $/month
  • 55 Days on Market
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$/month over payments
Federal 30-year interest rate: 6.94% last updated on May 23, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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  • 13Bedrooms
  • 0.62Acreage
  • 8Bathrooms
  • 1925Year Built
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.
Listing Courtesy of ROCK SPRINGS REALTY,LLC

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Location Information

  • Road Frontage DescriptionAsphalt

School Information

  • Elementary SchoolEustis Elem
  • High SchoolEustis High School
  • Junior HighEustis Middle

Basic Information

  • Occupant Type Tenant
  • Property SubTypeMulti-Family
  • Special Listing Conditions None
  • Total Actual Rent $7,935
  • Virtual TourView Tour

Property

  • MFR Building Area Total Srch Sq M538
  • ZoningSR

Utilities

  • Cooling Central Air, Mini-Split Unit(s)
  • Heating Central, Electric
  • Laundry Features None
  • Sewer Public Sewer
  • Utilities
    • BB/HS Internet Available
    • Electricity Available
    • Natural Gas Connected
    • Public
    • Sewer Connected
    • Water Connected
  • Water Source Public

Water Body

  • MFR Water Access YN No
  • Water ViewNo

Basic Information

  • Lease Term Twelve Months
  • List Price$1,174,000
  • MLS NumberG5079488
  • Mls Status Active
  • StatusACT

Rooms

  • Bedrooms13
  • MFR Additional Rooms Bonus Room, Family Room, Storage Rooms

Building

  • Bathroom8
  • Construction Materials Stucco, Wood Frame, Wood Siding
  • Foundation Details Crawlspace, Slab
  • GarageYes
  • Garage Spaces5
  • Levels Multi/Split
  • Patio And Porch Features
    • Covered
    • Enclosed
    • Front Porch
    • Patio
    • Rear Porch
    • Screened
  • RoofMetal, Other
  • Units8
  • Window Features Aluminum Frames, Blinds, Window Treatments, Wood Frames
  • Year Built1925

Amenities

  • Appliances IncludedElectric Water Heater, Range, Range Hood, Refrigerator
  • MFR Number Of Pets 2
  • MFR Pet Restrictions Pet Restrictions Provided Upon Request.
  • MFR Pet Size Small (16-35 Lbs.)
  • Other AmenitiesLakefront
  • PetsBreed Restrictions, Number Limit, Size Limit, Yes
  • Security Features Smoke Detector(s)

Other

  • Building Area Source Estimated
  • Date Listed04/03/2024
  • Gross Income $95,220
  • MFR Additional Lease Restrictions Lease Restrictions & Requirements Provided Upon Request.
  • MFR Annual Net Income $62,635
  • MFR Flood Zone Code x
  • MFR Flood Zone Date 2012-12-18
  • MFR Minimum Lease No Minimum
  • MFR Planned Unit Development YN No
  • Tenant Pays ["Electricity"]
  • View Count20

Tax Information

  • MFR Total Monthly Expenses $2,716
  • Tax Year 2023
  • Taxes$7,255

Parking

  • Num Assigned Parking Spaces8
  • Parking Features Assigned, Ground Level, Guest, Open

Location

  • Address426 E Citrus Avenue
  • AreaEustis
  • CountyLake
  • Exterior Features Awning(s), Lighting, Sidewalk, Storage
  • StateFL
  • SubdivisionEustis
  • TownEustis
  • Township 19S
  • Zip32726

Interior

  • Flooring Carpet, Ceramic Tile, Laminate, Luxury Vinyl, Wood
  • Furnished Unfurnished

Property Information

  • Acreage0.62
  • Additional Parcels YN Yes
  • Building Area Total 5,797
  • Lot Description
    • City Limits
    • Landscaped
    • Level
    • Oversized Lot
    • Paved
    • Sidewalk
  • Lot Size Dimensions 60x234 & 55x232
  • Lot Size Square Feet 27,084
  • MFR Garage Dimensions 20x48
  • MFR Living Area Meters 483
  • MFR Lot Size Square Meters 2,516
  • MFR Total Acreage 1/2 to less than 1
  • Number Of Lots 2
  • Other Structures Storage
  • Property Condition Completed
  • Square Feet5,203
Fusilier Realty Group
Fusilier Realty Group
Office: 407-281-8455
10016 Wellness Way
Orlando, FL 32832

Based on information submitted to StellarMLS as of May 27, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or StellarMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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