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426 E CITRUS AVENUE
EUSTIS FL 32726 US

$1,175,100

Active Listing ID G5080470
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13 bed
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8.00 Bath (8 Full Bath)
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Lot: 0.62 Acres
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Single Family Residence

$1,175,100

Active Listing ID G5080470
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426 E CITRUS AVENUE 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 NOTENGAGE 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 for more information.

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Property Features

  • Facts
  • Lot Size: 0.62 Acres
  • Property Type: Residential
  • Property Sub-type: Single Family Residence
  • Features
  • Full Bathrooms: 8
  • Exterior Finish: Awning(s), Lighting, Sidewalk, Storage
  • Floor Covering: Carpet, Laminate, Tile, Tile - Ceramic, Vinyl, Wood
  • Roof Type: Metal
  • Heating Fuels: Central Furnace

School Information

  • School
  • Eustis Elem(Elementary)
  • Eustis Middle(MiddleSchool)
  • Eustis High School(HighSchool)

Property

  • propertytype: Residential
  • propertysubtype: Single Family Residence
  • listprice: 1175100
  • unparsedaddress: 426 E CITRUS AVENUE
  • postalcity: EUSTIS
  • stateorprovince: FL
  • country: US
  • postalcode: 32726
  • bathroomsfull: 8
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.62
  • lotsizeunits: Acres
  • lotsizearea: 0.62
  • livingarea: 5203
  • livingareaunits: Square Feet
  • latitude: 28.8515618
  • longitude: -81.6805573
  • listagentfullname: Joel Bornstein
  • listagentemail: joe@rockspringsrealty.net
  • listagentkey: 3yd-MFRMLSFL-260502009
  • listagentmlsid: 260502009
  • listagentpreferredphone: 8773332811
  • listagentofficephone: 8773332811
  • listofficekey: 3yd-MFRMLSFL-260502668
  • listofficemlsid: 260502668
  • disclaimer: Copyright © 2024 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MFRMLSFL
  • yearbuilt: 1925
  • listingcontractdate: 2024-04-03
  • listagenturl: http://www.rockspringsrealty.net
  • countyorparish: Lake
  • parcelnumber: 11-19-26-0100-076-00403
  • elementaryschool: Eustis Elem
  • highschool: Eustis High School
  • appliances: Range, Refrigerator
  • constructionmaterials: Frame, Stucco, Wood Siding
  • flooring: Carpet, Laminate, Tile, Tile - Ceramic, Vinyl, Wood
  • heating: Central Furnace
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Assigned, Garage, Guest, Open
  • roof: Metal
  • waterfrontyn: False
  • interiorfeatures: 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
  • exteriorfeatures: Awning(s), Lighting, Sidewalk, Storage
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
  • otherstructures: Storage
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -81.680557, 28.851562
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Listing Changed: 5/10/2024 7:49:33 PM GMT
Source Updated Date: 5/15/2024 6:59:28 AM GMT

Courtesy of: Joel Bornstein, ROCK SPRINGS REALTY, LLC, joe@rockspringsrealty.net

Copyright © 2024 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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