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422 & 426 E CITRUS AVENUE

For Sale
$980,000

BTC: 15.31250000

ETH: 544.44444444

106 days
13 bds
5,203 sqft

Overview

ATTENTION INVESTORS: (2) QUAD-PLEX BUILDINGS FOR SALE, (8) APARTMENT UNITS + (4) STORAGE UNITS PROVIDING $97,000.00+ IN ANNUAL CASH FLOW, EUSTIS, FL 32726. Located at 422 & 426 E. Citrus Avenue in the historic district of Eustis and just (3) Blocks from downtown, this is a "turnkey" investment opportunity, 100% occupancy, annual tenants, providing a blended 6.64% CAP-RATE. These two separate quadplex buildings sit on .62 acres (115'x 232') with "NO HOA" and includes 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. Floor Plans & Seller Disclosures for each building & units are attached in the MLS, or available to be emailed. Detailed financials available to "Qualified Buyers" and includes full Unit Profiles, Upgrades/Improvements/Maintenance Info, Current & Past Income History, Expense Breakdown, Rental Comps Analysis for 1/1 & 2/1 rentals in the entire Eustis market. PLEASE DO NOT ENGAGE OR DISTURBANY OF THE TENANTS. NO SIGN at the property and all inquiries are to be directed "ONLY" to the Listing Broker. 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, ParcelID#11-19-26-0100-076-00403, Alt. Key#1243122. Call directly for more information.

Location

Florida • EUSTIS • 32726 • For Sale

Details

Type:
Residential Income
Parking:
Assigned / Ground Level / Guest / Open
Year Built:
1925
Lot:
0.62 Acres
Heating:
Central / Electric
Price/sqft:
$188
Cooling:
Central Air / Mini-Split Unit(s)
HOA:
No Data

Highlights

Annual tax
$7,560
2025
Garage
5 car garage
Pets
Breed Restrictions, Number Limit
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

    • Gas Water Heater

    • Range

    • Range Hood

    • Refrigerator

    Other interior features

    • Built-in Features

    • Ceiling Fan(s)

    • Eating Space In Kitchen

    • Kitchen/Family Room Combo

    • Living Room/Dining Room Combo

    • 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: 111926010007600401

    • Zoning: SR

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Multi Family (5+)

  • Utility

    • BB/HS Internet Available

    • Cable Available

    • Electricity Connected

    • Natural Gas Connected

    • Public

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $7,560

  • Source details

    • MLS ID: G5108356

    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

Private inquiry
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Market around this address

Live counts in the same area.
View all
This zip
32726
166
median $319K
Active
Same city
EUSTIS
288
median $377K
Active
Similar price
$686K – $1.3M
32
median $891K
Active

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 ©2026-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