426 E Citrus Avenue Eustis Florida | Home for Sale
To schedule a showing of 426 E Citrus Avenue, Eustis, Florida, Call David Shippey at 863-521-4517 TODAY!
Eustis, FL 32726
- 13Beds
- 8.00Total Baths
- 8 Full, 0 HalfBaths
- 5,203SqFt
- 1925Year Built
- 0.62Acres
- MLS# G5080470
- Residential
- SingleFamilyResidence
- Active
- Approx Time on Market5 months, 17 days
- Area32726 - Eustis
- CountyLake
- Subdivision Eustis
Overview
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.
Agriculture / Farm
Grazing Permits Blm: ,No,
Grazing Permits Forest Service: ,No,
Grazing Permits Private: ,No,
Horse: No
Association Fees / Info
Community Features: Sidewalks
Pets Allowed: BreedRestrictions, NumberLimit, SizeLimit, Yes
Senior Community: No
Association: ,No,
Bathroom Info
Total Baths: 8.00
Fullbaths: 8
Building Info
Window Features: AluminumFrames, Blinds, WoodFrames, WindowTreatments
Roof: Metal, Other
Building Area Source: Estimated
Buyer Compensation
Exterior Features
Style: HistoricAntique
Patio: RearPorch, Covered, Enclosed, FrontPorch, Patio, Screened
Pool Private: No
Exterior Features: Awnings, Lighting, Storage
Fees / Restrictions
Financial
Original Price: $1,175,000
Disclosures: DisclosureonFile,LeadBasedPaintDisclosure,SellerDi
Garage / Parking
Open Parking: Yes
Parking Features: Assigned, Guest, Open
Attached Garage: No
Garage: Yes
Carport: No
Green / Env Info
Irrigation Water Rights: ,No,
Interior Features
Fireplace: No
Floors: Carpet, CeramicTile, Laminate, LuxuryVinyl, Wood
Levels: MultiSplit
Spa: No
Laundry Features: None
Interior Features: BuiltinFeatures, CeilingFans, EatinKitchen, MainLevelPrimary, SplitBedrooms, WalkInClosets, WoodCabinets, WindowTreatments
Appliances: ElectricWaterHeater, Range, Refrigerator, RangeHood
Lot Info
Direction Remarks: From Hwy 441 in Eustis, head north on S. Bay Street (19) for approximately 2 miles. Turn right onto Citrus Ave and follow down. Property will be down on the right.
Number of Lots: 2
Lot Size Units: Acres
Lot Size Acres: 0.62
Lot Sqft: 27,084
Est Lotsize: 60x234 & 55x232
Vegetation: Oak, PartiallyWooded
Lot Desc: CityLot, Flat, Level, OversizedLot, Landscaped
Misc
Other
Other Structures: Storage
Special Conditions: None
Security Features: SmokeDetectors
Other Rooms Info
Basement: CrawlSpace
Basement: No
Property Info
Habitable Residence: ,No,
Section: 11
Class Type: SingleFamilyResidence
Property Sub Type: SingleFamilyResidence
Property Condition: NewConstruction
Property Attached: No
New Construction: No
Construction Materials: Stucco, WoodSiding, WoodFrame
Mobile Home Remains: ,No,
Foundation: Crawlspace, Slab
Home Warranty: ,No,
Human Modified: Yes
Room Info
Total Rooms: 3
Sqft Info
Sqft: 5,203
Bulding Area Sqft: 5,797
Living Area Units: SquareFeet
Living Area Source: Estimated
Tax Info
Tax Year: 2,023
Tax Lot: 4
Tax 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
Tax Block: 076
Tax Annual Amount: 7255
Tax Book Number: 1-79
Unit Info
Rent Controlled: No
Utilities / Hvac
Electric On Property: ,No,
Heating: Central, Electric
Water Source: Public
Sewer: PublicSewer
Cool System: CentralAir, Ductless, CeilingFans
Cooling: Yes
Heating: Yes
Utilities: ElectricityAvailable, NaturalGasConnected, HighSpeedInternetAvailable, MunicipalUtilities, SewerConnected, WaterConnected
Waterfront / Water
Waterfront: No
View: No
Directions
From Hwy 441 in Eustis, head north on S. Bay Street (19) for approximately 2 miles. Turn right onto Citrus Ave and follow down. Property will be down on the right.This listing courtesy of Rock Springs Realty, Llc
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identify prospective properties consumer may be interested in purchasing. Any information relating
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MLS IDX data last updated on 09-20-2024 7:49 PM EST.
If you have any questions on 426 E Citrus Avenue, Eustis, Florida, please call David Shippey at 863-521-4517.
MLS# G5080470 located at 426 E Citrus Avenue, Eustis, Florida is brought to you by David Shippey REALTOR®
426 E Citrus Avenue, Eustis, Florida has 13 Beds, 8 Full Bath, and 0 Half Bath.
The MLS Number for 426 E Citrus Avenue, Eustis, Florida is G5080470.
The price for 426 E Citrus Avenue, Eustis, Florida is $1,173,000.
The status of 426 E Citrus Avenue, Eustis, Florida is Active.
The subdivision of 426 E Citrus Avenue, Eustis, Florida is Eustis.
The home located at 426 E Citrus Avenue, Eustis, Florida was built in 2024.
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