Additional Information
Additional Lease Restrictions
Lease Restrictions & Requirements Provided Upon Request.
Additional Parcels Description
11-19-26-0100-076-00401
Additional Parcels YN
true
Additional Rooms
Bonus Room, Family Room, Storage Rooms
Appliances
Electric Water Heater, Range, Range Hood, Refrigerator
Approval Process
Lease Restrictions & Requirements Provided Upon Request.
Architectural Style
Historic
Building Area Source
Estimated
Building Area Total Srch SqM
538.56
Building Area Units
Square Feet
Calculated List Price By Calculated SqFt
221.03
Construction Materials
Stucco, Wood Frame, Wood Siding
Cooling
Central Air, Mini-Split Unit(s)
Cumulative Days On Market
292
Disclosures
Lead Paint, Seller Property Disclosure
Elementary School
Eustis Elem
Exterior Features
Awning(s), Lighting, Sidewalk, Storage
Flood Zone Date
2012-12-18
Flood Zone Panel
12069C0356E
Flooring
Carpet, Ceramic Tile, Laminate, Luxury Vinyl, Wood
Foundation Details
Crawlspace, Slab
High School
Eustis High School
Interior Features
Built-in Features, Ceiling Fans(s), Eat-in Kitchen, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments
Internet Address Display YN
true
Internet Automated Valuation Display YN
false
Internet Consumer Comment YN
false
Internet Entire Listing Display YN
true
Living Area Source
Estimated
Living Area Units
Square Feet
Lot Features
City Limits, Landscaped, Level, Oversized Lot, Sidewalk, Paved
Lot Size Dimensions
60x234 & 55x232
Lot Size Square Feet
27084
Lot Size Square Meters
2516
Middle Or Junior School
Eustis Middle
Modification Timestamp
2025-01-20T12:38:07.460Z
Month To Month Or Weekly YN
1
Parcel Number
11-19-26-0100-076-00403
Patio And Porch Features
Covered, Enclosed, Front Porch, Patio, Rear Porch, Screened
Pet Restrictions
Pet Restrictions Provided Upon Request.
Pet Size
Small (16-35 Lbs.)
Pets Allowed
Breed Restrictions, Number Limit, Size Limit, Yes
Previous List Price
1150100
Price Change Timestamp
2025-01-20T12:37:30.000Z
Property Condition
Completed
Public Remarks
"REDUCED PRICE" - ATTENTION INVESTORS: (2) QUADPLEX BUILDINGS FOR SALE, (8) APARTMENT UNITS + (4) STORAGE UNITS KICKING OFF $95, 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) Block from downtown, this is a "turnkey" investment opportunity, 100% occupancy, annual tenants, providing a solid 8% CAP-RATE ROI. These two separate quadplexes sits on .62 acres (115'x 232') with "NO HOA" and offer 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. NOTE: SELLER FINANCING AVAILABLE FOR A SMALL PERCENTAGE (25% +/-) OF THE PURCHASE PRICE FOR QUALIFIED BUYERS. Floor Plans & Seller Disclosures for each building & units are attached in the MLS, or available to be emailed upon request. Detailed financials are available to "Qualified Buyers" and includes full Unit Profiles, Upgrades/Improvements/Maintenance Info, Current & Past Income History, Expense Breakdown and Rental Comps Analysis for 1/1 & 2/1 rentals in the entire Eustis market which shows units could still be competitive with an additional 10%-15% rent increase on annual renewals. "EVERY BUYER" will be required to sign an NDA (non-disclose agreement) prior to receiving the actual financials. PLEASE DO NOT ENGAGE OR DISTURB ANY OF THE TENANTS. NO SIGN at the property and all inquiries are to be directed to the Listing Broker only. 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, Parcel ID#11-19-26-0100-076-00403, Alt. Key#1243122. Call for more information.
RATIO Current Price By Calculated SqFt
221.03
Realtor Info
As-Is, Brochure Available, Currently Leased, Floor Plan Available, No Sign, Short Term Rental Allowed, Survey Available
Road Responsibility
Public Maintained Road
Security Features
Smoke Detector(s)
Showing Requirements
Appointment Only, Call Listing Agent, See Remarks
Status Change Timestamp
2024-04-03T20:48:31.000Z
Tax Legal Description
EUSTIS E 61.36 FT OF LOT 4 BLK 76 PB 1 PG 79 ORB 5291 PG 2443 "AND" 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 5011 PG 2109
Total Acreage
1/2 to less than 1
Universal Property Id
US-12069-N-111926010007600403-R-N
Unparsed Address
426 E CITRUS AVE
Utilities
BB/HS Internet Available, Electricity Available, Natural Gas Connected, Public, Sewer Connected, Water Connected
Vegetation
Mature Landscaping, Oak Trees, Trees/Landscaped
Window Features
Aluminum Frames, Blinds, Window Treatments, Wood Frames
