426 E CITRUS AVENUE EUSTIS FL 32726 MLS #G5080470 | Gary Kusher | Florida Real Estate

426 E CITRUS AVENUE
EUSTIS, FL, 32726
$1,173,000
13 Beds
8 Baths
5,203 SqFt
0.62 Acres
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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.

Property Details

Price:
$1,173,000
MLS #:
G5080470
Status:
Active
Beds:
13
Baths:
8
Address:
426 E CITRUS AVENUE
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
EUSTIS
City:
EUSTIS
Listed Date:
Apr 3, 2024
State:
FL
Finished Sq Ft:
5,203
ZIP:
32726
Lot Size:
27,084 sqft / 0.62 acres (approx)
Year Built:
1925
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I have been selling real estate for over 23 years from New York to Florida. My main service areas include Celebration, Marco Island, Miami, Naples, Orlando, Sarasota, Tampa, Windermere. We can help you buy or sell real estate anywhere in the State of Florida. Looking for Golf Course Homes For Sale, Luxury Estates, Beachfront Condos, Gated Communities, Fine Homes and Estates, we cover it all.

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Schools

Elementary School:
Eustis Elem
Middle School:
Eustis Middle
High School:
Eustis High School

Interior

Appliances
Electric Water Heater, Range, Range Hood, Refrigerator
Bathrooms
8 Full Bathrooms
Cooling
Central Air, Mini- Split Unit(s)
Flooring
Carpet, Ceramic Tile, Laminate, Luxury Vinyl, Hardwood
Heating
Central, Electric
Laundry Features
None

Exterior

Architectural Style
Historical
Construction Materials
Stucco, Wood Frame, Wood Siding
Exterior Features
Awning(s), Lighting, Sidewalk, Storage
Other Structures
Storage
Parking Features
Assigned, Ground Level, Guest, Open
Roof
Metal, Other

Financial

Buyer Agent Compensation
2.5%%
Tax Year
2023
Taxes
$7,255

Map

Community

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426 E CITRUS AVENUE
EUSTIS, FL