This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/95
426 E Citrus Avenue, Eustis, FL 32726
$1,174,000
426 E Citrus Avenue, Eustis, FL 32726View this property at 426 E Citrus Avenue, Eustis, FL 32726
426 E Citrus AvenueEustisFL32726
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/95
Property Description
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: 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 Proformas. 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 directly for more information.
Full Property Details
Full Property Details for 426 E Citrus Ave
General
- Price: $1,174,000
- Taxes: $7,255 (2023)
- Status: Active
- Type: Multi-Family
- MLS ID: G5079488
- Updated: 5/21/2024
- Added to Site: 61 day(s) ago
Rental Information
- Lease/Rent Term: 12 Months
- Min. Lease: No Minimum
Interior
- Interior Features: Built-in Features, Ceiling Fan(s), Eating Space In Kitchen, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments
- Appliances: Electric Water Heater, Range, Range Hood, Refrigerator
- Furnishings: Unfurnished
- Flooring: Carpet, Ceramic Tile, Laminate, Luxury Vinyl, Hardwood
Rooms
Bathrooms
- Total Bathrooms: 8
Bedrooms
- Total Bedrooms: 13
Additional Information
- Security/Safety: Smoke Detector(s)
Exterior
- Exterior Features: Awning(s), Lighting, Sidewalk, Storage
- Deck/Patio: Covered, Enclosed, Front Porch, Patio, Rear Porch, Screened
- Porch/Patio/Deck: Covered, Enclosed, Front Porch, Patio, Rear Porch, Scre
Parking
- Garage: Yes
- Garage Spaces: 5
- Covered Spaces: 5
- Parking Features: Assigned, Ground Level, Guest, Open
Location
- Area: 32726 - Eustis
- County: Lake
- Development Name: 32726 - Eustis
- Subdivision: EUSTIS
- Driving Directions: From Hwy 441 in Eustis, head north on S. Bay Street (19) for approximately 2 miles. Turn right onto Citrus Ave and follow down. Property will be down on the right.
School Information
- Elementary School: Eustis Elem
- Middle School: Eustis Middle
- High School: Eustis High School
Community
- Community Name: 32726 - Eustis
- Number of Pets: 2
- Pet Restrictions: Pet Restrictions Provided Upon Request.
Heating & Cooling
- Cooling Type: Central Air, Mini-Split Unit(s)
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: BB/HS Internet Available, Electricity Available, Natural Gas Connected, Public, Sewer Connected, Water Connected
Structural Information
- # Buildings: 3
- Exterior Const.: Stucco, Wood Frame, Wood Siding
- Roof: Metal, Other
- Windows: Aluminum Frames, Blinds, Window Treatments, Wood Frames
- Stories/Levels: Multi/Split
- Square Feet: 5,203
- Sq. Ft. Source: Estimated
- Year Built: 1925
Additional Structures
- Other Structures: Storage
Lot Features
- Lot Size (Acres): 0.62
- Lot Size (Sq. Ft.): 27,084
- Lot Size: 27084
- Lot Dimensions: 60 x 234 & 55 x 232
- Frontage: Street Paved
- Street/Road Desc.: Paved, Asphalt
Financial Considerations
- Tax Amount: $7,255
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Special Conditions: None
- 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
- Flood Zone Info: x
- Disclosures/Reports: Lead Paint, Seller Property Disclosure
- APN: 111926010007600403
- Property ID: 111926010007600403
- Block/Lot/Section: 76
Listed by Rock Springs Realty, Llc
Get Pre-Approved Today
Schools
Schools serving 426 E Citrus Ave
School District:Lake County School District
Rating | Name | Grades | Distance |
---|---|---|---|
714 E Citrus Ave, Eustis, FL 32726 | PK-5 | 0.2 mi | |
18725 Bates Ave, Eustis, FL 32736 | 6-8 | 2.2 mi | |
1300 Washington Ave, Eustis, FL 32726 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 426 E Citrus Ave
Date
Details
Price
Change
Source
5/21/2024
Price Reduced
$1,174,000
-0.09%
MLS
5/01/2024
Price Increased
$1,175,100
0.01%
MLS
4/03/2024
Listed
$1,175,000
552.78%
MLS
6/06/2019
Sold
$180,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 426 E Citrus Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,658
20%
$185,567
24%
2021
$3,051
-11%
$150,146
-12%
2022
$3,413
12%
$171,472
14%
2021
$3,051
25%
$150,062
33%
2019
$2,440
7%
$112,651
6%
2018
$2,288
10%
$106,717
10%
2017
$2,081
-1%
$97,015
—
2016
$2,108
-1%
$97,015
2%
2015
$2,127
1%
$95,549
1%
2014
$2,111
5%
$94,215
2%
2013
$2,001
—
$92,482
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 426 E Citrus Ave
426 E Citrus Avenue, Eustis, FL 32726 (MLS# G5079488) is a Multi-Family property with 8 units containing 13 bedrooms and 0 full bathrooms. 426 E Citrus Avenue is currently listed for $1,174,000 and was received on April 03, 2024. Want to learn more about 426 E Citrus Avenue? Do you have questions about finding other Multi-Family real estate for sale in Eustis? You can browse all Eustis real estate or contact a Coldwell Banker agent to request more information.