Property Description
Under contract-accepting backup offers. ATTENTION LANDLORDS & INVESTORS: QUAD-PLEX APARTMENT BUILDING, PLUS (4) STORAGE RENTAL UNITS FOR SALE IN EUSTIS, FL 32726. Located in the historic district of Eustis and just (3) Blocks from downtown. Currently delivering a 6.16% CAP Rate with Additional Revenue Potential. This TURNKEY investment opportunity is 100% Occupied and All Tenants are on Annual Leases. No HOA. City of Eustis water & sewer. Unit Profile: Living/Dining Rooms, Full Kitchen, Full Bathroom, Primary Bedroom, Bonus/Bedroom#2, Rear Porch. (2) Dedicated Parking Spaces. All units were fully remodeled and updated in 2019. The property also includes a detached (4-unit) rental storage building with roll-up doors that generates $500.00 in monthly income. 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. PLEASE DO NOT ENGAGE OR DISTURB TENANTS. NO SIGN at the property and all inquiries are to be directed to the Listing Agent. ALSO, the Quad-Plex next door is also listed for sale (422 E. Citrus Ave.), see MLS#G5108332.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Mini-Split Unit(s)
Garage: 4
Heating: Central, Electric
Lot Size: 0.32 Acres
Roof Type: Membrane
Stories: 2.0
Taxes: $3,645
Year Built: 1925
Square Feet: 2,304
Amenities
Built-in Features
Ceiling Fans(s)
Living Room/Dining Room Combo
Primary Bedroom Main Floor
PrimaryBedroom Upstairs
Split Bedroom
Thermostat
Walk-In Closet(s)
Window Treatments
Outbuildings
Awning(s)
Lighting
Sidewalk
Storage
Feature Descriptions
Additional Rooms: Bonus Room, Family Room
Annual Net Income: 32040.00
Appliances: Electric Water Heater, Range, Range Hood, Refrigerator
Days on Site: 35
Directions: From Hwy 441 in Eustis, head north on S. Bay Street (Hwy 19) for approximately 2 miles. Turn right onto Citrus Ave and follow down. Property will be down on the right.
Exterior: Stucco, Frame
Flood Zone Code: x
Flooring: Laminate, Luxury Vinyl, Wood
Foundation: Crawlspace, Slab
Garage Dimensions: 20x48
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional, FHA, VA Loan
Lot: City Limits, Landscaped, Level, Oversized Lot, Sidewalk, Paved
Lot Dimensions: 0.32
Number of Pets: 2
Other Structures: Storage
Ownership: Fee Simple
Parking: Assigned, Ground Level, Guest, Open
Parking Notes: Assigned, Ground Level, Guest, Open
Patio/Porch: Patio, Rear Porch
Pets Allowed: Breed Restrictions, Number Limit, Size Limit, Yes
Pets Restrictions: Pet Restrictions Provided Upon Request.
Pets Size: Small (16-35 Lbs.)
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Security: Smoke Detector(s)
Sewer: Public Sewer
Showing Instructions: Call Listing Agent, Do Not Contact Tenants, Listing Agent Must Accompany, ShowingTime
Special Sale Provisions: None
Units: 4
Utilities: BB/HS Internet Available, Electricity Available, Public, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Windows: Aluminum Frames, Blinds, Window Treatments
Zoning: SR
Local Schools
High School: Eustis High School
Middle School: Eustis Middle
Elementary School: Eustis Elem
Listed By / Shown By
Listed By
Agency Name: ROCK SPRINGS REALTY, LLC
Agency Contact: 877-333-2811
Shown By
Agency Title: Watson Realty Corp., REALTORS ®
Agency Phone: (866) 243-8193
Estimate Your Payment
Estimated Payment
$ 2,809.52 per month $2,362.85 Principal & Interest $303.75 Property Tax $142.92 Homeowner's InsuranceChange Payment Information
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426 E Citrus Avenue | MLS# G5107267
This multi-family property located at 426 E Citrus Avenue, Eustis, FL 32726 is currently listed for sale with an asking price of $490,000. Search Eustis real estate on www.watsonrealtycorp.com today.