426 E CITRUS AVENUE

Multi-family For Sale

$1,150,000

BTC: 12.15644820

ETH: 368.58974359

-$25K (2024/09/26)

228 days

For Sale

Multi-family

13 bds •

5,203 sqft

Est. Estimated sales range: $0 - $0

Overview

"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 directly for more information.

Location

Florida • EUSTIS • 32726 • Multi-family • For Sale

Facts and features

Type:

Residential Income

Parking:

Assigned / Ground Level / Guest / Open

Year Built:

1925

Lot:

0.62 Acres

Heating:

Central / Electric

Price/sqft:

$221

Cooling:

Central Air / Mini-Split Unit(s)

HOA:

No Data

Type:

Residential Income

Parking:

Assigned / Ground Level / Guest / Open

Year Built:

1925

Lot:

0.62 Acres

Heating:

Central / Electric

Price/sqft:

$221

Cooling:

Central Air / Mini-Split Unit(s)

HOA:

No Data

All facts and features

Flooring

• Carpet

• Ceramic Tile

• Laminate

• Luxury Vinyl

• Hardwood

Heating

• Central

• Electric

Cooling

• Central Air

• Mini-Split Unit(s)

Appliances

• Electric Water Heater

• Range

• Range Hood

• Refrigerator

Other 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

Bedrooms and bathrooms

• Bedrooms: 13
Parking

• Assigned

• Ground Level

• Guest

• Open

Property

• Levels: Multi/Split

• Exterior Features: Awning(s) / Lighting / Sidewalk / Storage

Lot

• Lot: 0.62 Acres

Other Property Information

• Parcel Number: 111926010007600403

• Zoning: SR
Type and style

• Property Type: Residential Income

• Property Sub Type: Multi Family
Utility

• BB/HS Internet Available

• Electricity Available

• Natural Gas Connected

• Public

• Sewer Connected

• Water Connected
Other financial information

• Annual tax amount: $7,255
Source details

• MLS ID: G5079488

Other facts

• Construction Materials: Stucco / Wood Frame / Wood Siding

• Foundation Details: Crawlspace / Slab

• Laundry Features: None

• Lot Features: City Lot / Landscaped / Level / Oversized Lot / Sidewalk

• Patio And Porch Features: Covered / Enclosed / Front Porch / Patio / Rear Porch / Screened

• Window Features: Aluminum Frames / Blinds / Window Treatments / Wood Frames

• Other Structures: Storage

• Garage Spaces: 5

• Garage: Yes

• Living Area: 5203

• Water Source: Public

• Lot Size Dimensions: 60 x 234 & 55 x 232

• Subdivision Name: EUSTIS

Contact Agent

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: ROCK SPRINGS REALTY, LLC

426 E CITRUS AVENUE

Overview

Location

Facts and features

Interior details

Property details

Construction details

Utilities / Green Energy Details

HOA and Financial Details

Other

Contact Agent

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