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426 E Citrus AVENUE, Eustis, FL 32726
$1,150,000 Asking Price
$---/mo Est. Payment Get Prequalified »
13
beds
8
baths
5,203
sqft
Built in
1925
"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 for more information.
Features & Amenities
Interior
- General:
- Built-in Features, Ceiling Fan(s), Eating Space In Kitchen, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments
- Rooms:
- Bonus Room, Family Room, Storage Rooms
- Appliances:
- Electric Water Heater, Range, Range Hood, Refrigerator
- Laundry:
- None
- Flooring:
- Carpet, Ceramic Tile, Laminate, Luxury Vinyl, Hardwood
- A/C:
- true, Central Air, Mini-Split Unit(s)
- Heating:
- true, Central, Electric
Exterior
- General:
- Awning(s), Lighting, Sidewalk, Storage, Storage
- Style:
- Historical
- Parking:
- Assigned, Ground Level, Guest, Open
Construction
- Roofing:
- Metal, Other
- Windows:
- Aluminum Frames, Blinds, Window Treatments, Wood Frames
- General:
- Stucco, Wood Frame, Wood Siding, Multi/Split, Crawlspace, Slab
Location
- Road/Access:
- Street Paved
- Originating MLS:
- Stellar MLS
- County:
- Lake
Lot
- Zoning:
- SR, 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, 111926010007600403
Utilities
- Utilities:
- BB/HS Internet Available, Electricity Available, Natural Gas Connected, Public, Sewer Connected, Water Connected
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- Stellar MLS
This listing courtesy of:
ROCK SPRINGS REALTY, LLC, Joel Bornstein
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Eustis, FL
Housing
- Number of Units
- 16,345
- Median Home Value
- $196,213
- Median Rent
- $731
31.38% of housing units are renter occupied.
8.71% are vacant.
Commute
- Car
-
72.94%
- Public Transportation
-
0.39%
- Walk to Work
-
0.34%
- Work from Home
-
25.47%
- Other
-
0.39%
The median travel time to work is 23 minutes.
People
- Population
- 36,848
- Median Age
- 43.60
- Median Household Size
- 2.67
Education
- High School
-
35.28%
- Associate’s Degree
-
9.31%
- Bachelor’s Degree
-
14.13%
- Graduate Degree
-
6.88%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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