Property 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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Mini-Split Unit(s)
Heating: Central, Electric
Lot Size: 0.29 Acres
Roof Type: Metal, Shingle
Stories: 2.0
Taxes: $3,915
Year Built: 1884
Square Feet: 2,841
Amenities
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
Lighting
Sidewalk
Feature Descriptions
Additional Rooms: Attic, Family Room
Annual Net Income: 33049.00
Appliances: Electric Water Heater, Range, Range Hood, Refrigerator
Community Features: Sidewalks, Street Lights
Days on Site: 20
Directions: Driving 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: Frame
Flood Zone Code: X
Flooring: Carpet, Ceramic Tile, Laminate, Wood
Foundation: Crawlspace
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional, FHA, VA Loan
Lot: City Limits, Level, Near Public Transit, Sidewalk, Paved
Lot Dimensions: 0.29
Number of Pets: 2
Ownership: Fee Simple
Parking: Guest, Reserved
Parking Notes: Guest, Reserved
Patio/Porch: Front Porch, Patio, Rear Porch, Screened
Pets Allowed: Breed Restrictions, Number Limit, Size Limit, Yes
Pets Restrictions: Pet Restrictions Provided Upon Request.
Pets Size: Small (16-35 Lbs.)
Pets Weight (Max): 35
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: Appointment Only, Call Listing Agent, Do Not Contact Tenants, See Remarks
Special Sale Provisions: None
Units: 4
Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Windows: 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
Agent Name: Jamie Deihl
Agent Phone: (719) 468-9744
Agency Title: Watson Realty Corp., REALTORS ®
Estimate Your Payment
Estimated Payment
$ 2,832.02 per month $2,362.85 Principal & Interest $326.25 Property Tax $142.92 Homeowner's InsuranceChange Payment Information
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422 E Citrus Avenue | MLS# G5108016
This multi-family property located at 422 E Citrus Avenue, Eustis, FL 32726 is currently listed for sale with an asking price of $490,000. Search Eustis real estate on jamiedeihl.watsonrealtycorp.com today.