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426 Citrus Avenue, EUSTIS, FL 32726
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426 Citrus Avenue
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Priced at Only: $1,150,100
For more Information Call: (352) 279-4408
Address: 426 Citrus Avenue, EUSTIS, FL 32726
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  • MLS#: G5079488 ( Residential Income )
  • Street Address: 426 Citrus Avenue
  • Viewed: 25
  • Price: $1,150,100
  • Price sqft: $198
  • Waterfront: No
  • Year Built: 1925
  • Bldg sqft: 5797
  • Bedrooms: 13
  • Total Baths: 8
  • Garage / Parking Spaces: 5
  • Days On Market: 262
  • Additional Information
  • Geolocation: 28.8516 / -81.6806
  • 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
    "reduced price" 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: seller financing available for a small percentage (25% +/ ) of the purchase price for qualified buyers. 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 actual financials. 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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  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-
  •   Monthly -
Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Awning(s), Lighting, Sidewalk, Storage
  • Flooring: Carpet, Ceramic Tile, Laminate, Luxury Vinyl, Wood
  • Living Area: 5203.00
  • Other Structures: Storage
  • Roof: Metal, Other
Property Information
  • Property Condition: Completed
Land Information
  • Lot Features: City Limits, Landscaped, Level, Oversized Lot, Sidewalk, Paved
School Information
  • High School: Eustis High School
  • Middle School: Eustis Middle
  • School Elementary: Eustis Elem
Garage and Parking
  • Garage Spaces: 5.00
  • Open Parking Spaces: 0.00
  • Parking Features: Assigned, Ground Level, Guest, Open
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air, Mini-Split Unit(s)
  • Heating: Central, Electric
  • Pets Allowed: Breed Restrictions, Number Limit, Size Limit, Yes
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available, Electricity Available, Natural Gas Connected, Public, Sewer Connected, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2023
Rental Information
  • Tenant Pays: Electricity
Other Features
  • Appliances: Electric Water Heater, Range, Range Hood, Refrigerator
  • Country: US
  • Furnished: Unfurnished
  • Interior Features: Built-in Features, Ceiling Fans(s), Eat-in Kitchen, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments
  • Legal Description: EUSTIS E 61.36 FT OF LOT 4 BLK 76 PB 1 PG 79 ORB 5291 PG 2443 "AND" 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 5011 PG 2109
  • Levels: Multi/Split
  • Area Major: 32726 - Eustis
  • Occupant Type: Tenant
  • Parcel Number: 11-19-26-0100-076-00403
  • Possession: Close of Escrow
  • Views: 25
  • Zoning Code: SR
Nearby Subdivisions
Eustis   Eustis Dorothy Estates Sub   Eustis Sales Add   Northshore  
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