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 quad plex buildings sits on. 62 acres (115'x 232') with "no hoa" and feature 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.
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 quad plex buildings sits on. 62 acres (115'x 232') with "no hoa" and feature 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.
Lot Features: City Limits, Landscaped, Oversized Lot, Sidewalk, Paved
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Parking Features: Parking Spaces - 13 to 18, Ground Level
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Cooling: Central Air, Mini-Split Unit(s)
Electric: Separate Meters
Heating: Central, Electric
Road Frontage Type: City Street
Sewer: Public Sewer
Utilities: BB/HS Internet Capable, Electricity Available, Natural Gas Available, Phone Available, Public, Water Connected
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 65089.00
Other Expense: 0.00
Tax Year: 2025
Other Features
Appliances: Refrigerator
Country: US
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 6319 PG 2114
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