About This Home
This 13-bedroom, 8-bathroom multi-family at 422 & 426 E CITRUS Avenue in Eustis, FL is listed for $939,800 ($181 per sqft). Built in 1925, the home offers 5,203 sqft of living space on a 0.62 acres lot.
Key Features
- Built in 1925
- 0.62 acre lot
- 2 stories
Property Details
Amenities
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, and provides a blended 6.925% 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-BathUnits. 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#11-19-20-01, Alt Key#1759641 "and" 426 E. Citrus Ave, ParcelID#11-19-26-03, Alt. Key#1243122. Call directly for more information.
Monthly Cost Estimate
$5,026/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
422 & 426 E CITRUS Avenue
Eustis, FL 32726
EUSTIS
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Outdoor Features
Parking
Heating
Cooling
Appliances
Questions & Answers
This 13-bedroom, 8-bathroom multi-family at 422 & 426 E CITRUS Avenue is listed at $939,800 ($181/sqft). The estimated monthly payment is $5,026 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1925, 0.62 acre lot, 2 stories. Interior Features: Built-in Features, Ceiling Fans(s), Eat-in Kitchen. Exterior Features: Lighting, Sidewalk, Storage.
This property is listed by Joel Bornstein and can be reached at 4072528092.