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422 Citrus Avenue
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PRICED AT ONLY: $490,000

Address: 422 Citrus Avenue, EUSTIS, FL 32726

Description

Attention landlords & investors: quad plex apartment building for sale in eustis, fl 32726. Located in the historic district of eustis and just (3) blocks from downtown. Currently delivering a 6. 74% cap rate with additional revenue potential. $47,220. 00 gross revenue. $33,049. 00 net operating income. 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 per unit. All units are in good operating condition! 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 only. Full financials, property profile, rent rolls, expenses, floor plan, survey, etc. , are available to qualified buyers.

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  • MLS#: G5108016 ( Residential Income )
  • Street Address: 422 Citrus Avenue
  • Viewed: 31
  • Price: $490,000
  • Price sqft: $153
  • Waterfront: No
  • Year Built: 1884
  • Bldg sqft: 3205
  • Bedrooms: 5
  • Total Baths: 4
  • Days On Market: 13

Description

Attention landlords & investors: quad plex apartment building for sale in eustis, fl 32726. Located in the historic district of eustis and just (3) blocks from downtown. Currently delivering a 6. 74% cap rate with additional revenue potential. $47,220. 00 gross revenue. $33,049. 00 net operating income. 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 per unit. All units are in good operating condition! 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 only. Full financials, property profile, rent rolls, expenses, floor plan, survey, etc. , are available to qualified buyers.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Lighting, Sidewalk
  • Flooring: Carpet, Ceramic Tile, Laminate, Wood
  • Living Area: 2841.00
  • Roof: Metal, Shingle
Land Information
  • Lot Features: City Limits, Level, Near Public Transit, Sidewalk, Paved
School Information
  • High School: Eustis High School
  • Middle School: Eustis Middle
  • School Elementary: Eustis Elem
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: Guest, Reserved
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Mini-Split Unit(s)
  • Heating: Central, Electric
  • Pets Allowed: Breed Restrictions, Number Limit, Size Limit, Yes
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2025
Rental Information
  • Tenant Pays: Electricity
Other Features
  • Appliances: Electric Water Heater, Range, Range Hood, Refrigerator
  • Country: US
  • Furnished: Unfurnished
  • Interior Features: Built-in Features, Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments
  • Legal Description: 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 POB PB 1 PG 79 ORB 858 PGS 1609-1614
  • Levels: Two
  • Area Major: 32726 - Eustis
  • Occupant Type: Tenant
  • Parcel Number: 11-19-26-0100-076-00401
  • Possession: Close Of Escrow
  • Views: 31
  • Zoning Code: SR
Nearby Subdivisions
Eustis   Eustis Bishops Sub   Eustis Century Oak Estates   Eustis Clifford Park   Mrs S D Shorts Sub  
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