Waterfront
Address
426 E Citrus AVENUE, EUSTIS, FL
Price
$ 1,175,100
Property Attributes
- MLS#G5080470
- TypeSingle Family
- CountyLAKE
- CityEUSTIS
- AreaEustis
- NeighborhoodEustis
- Zip32726
- StyleHistorical
- Year Built1925
- Taxes$ 7255
- Price$ 1,175,100
- Bedrooms13
- Full Bathrooms8
- Half Bathrooms0
- Sqr Footage5203
- Lot Size0.62 Acres
Data Source:
Stellar MLS
Property Description
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. A detailed Proforma for each Building is 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.
| Elementary School | Middle School | High School |
|---|---|---|
| Eustis Elem | Eustis Middle | Eustis High School |
| Price History | |
|---|---|
| 4/3/2024 | Listed $1,175,000 |
General Features
| Interior Features | 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 |
|---|---|
| Sewer | Public Sewer |
| Heating | Central,Electric |
| Cooling | Central Air,Mini-Split Unit(s) |
| Utilities | BB/HS Internet Available,Electricity Available,Natural Gas Connected,Public,Sewer Connected,Water Connected |
| Roof | Metal,Other |
| Appliances | Electric Water Heater,Range,Range Hood,Refrigerator |
| Exterior Features | Awning(s),Lighting,Sidewalk,Storage |
| Zoning | SR |
| Garage Spaces | 5 |
| Patio/Porch Features | Covered,Enclosed,Front Porch,Patio,Rear Porch,Screened |
| Architectural Style | Historical |
| Security Features | Smoke Detector(s) |
| Construction Materials | Stucco,Wood Frame,Wood Siding |
| Pets Allowed | Breed Restrictions,Number Limit,Size Limit,Yes |
| Year Built | 1925 |
| Levels | Multi/Split |
| Property SubType | Single Family Residence |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| County | Lake |
| New Construction | No |
| Property Type | Residential |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Subdivision Name | EUSTIS |
| Facing Direction | East |
| Garage Y/N | Yes |
| Other Structures | Storage |
| Total Rooms | 3 |
| Status | Active |
| 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. |
| High School | Eustis High School |
| City | EUSTIS |
| Buyer Agent Compensation | 2.5% |
| Senior Community Y/N | No |
| MLS Area | 32726 - Eustis |
| Lot Size Square Feet | 27084 |
| Private Pool | No |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | Citrus |
| Listing Terms | Cash,Conventional |
| Elementary School | Eustis Elem |
| Tax Annual Amount | 7255 |
| Middle/Junior High School | Eustis Middle |
| Property Condition | Completed |
| Public Remarks | 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 h |
| Lease Considered Y/N | Yes |
| Days on Market | 28 |
| Standard Status | Active |
| Tax Lot | 4 |
| 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 P |
| Pet Size Limit | Small (16-35 Lbs.) |
| Minimum Lease | No Minimum |
| Additional Rooms | Bonus Room,Family Room,Storage Rooms |
Interior Features
| Flooring | Carpet,Ceramic Tile,Laminate,Luxury Vinyl,Hardwood |
|---|---|
| Furnished Y/N | Unfurnished |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Window Features | Aluminum Frames,Blinds,Window Treatments,Wood Frames |
| Fireplace Y/N | No |
| Full Baths | 8 |
| Street Suffix | AVENUE |
| Laundry Features | None |
| Total Bedrooms | 13 |
| LivingAreaSource | Estimated |
| Total Baths | 8 |
| Living Area Units | Square Feet |
Exterior Features
| Parking Features | Assigned,Ground Level,Guest,Open |
|---|---|
| Lot Features | City Lot,Landscaped,Level,Oversized Lot,Sidewalk |
| Water Source | Public |
| Lot Size Area | 27084 |
| Foundation Details | Crawlspace,Slab |
| Spa | No |
| Building Area Total | 5797 |
| Lot Dimensions | 60 x 234 & 55 x 232 |
| Lot Size Acres | 0.62 |
| Road Surface Type | Paved,Asphalt |
| Lot Size Units | Square Feet |
| Covered Spaces | 5 |
| Road Frontage Type | Street Paved |
| Open Parking Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 32726
Price
Taxes
Visits
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 2, 2024 2:44 PM UTC
