1 of 99

Want to see this home?

426 E Citrus Avenue

Eustis, FL 32726

13 beds
8 baths
5,203 sqft
~1/2 acre lot
$221 per sqft
1925 build
– on site

"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.

Listing courtesy of STELLAR_MLS / ROCK SPRINGS REALTY, LLC

Last checked: Checking… • Last updated Oct 19, 2024 •

MLS# G5080470 —

This home is listed in more than one place. See it here.

The Building

Year Built:

1925
New Construction:

false
Architectural Style:

Historical
Construction Materials:

Stucco
Levels:

Multi/Split
Roof:

Metal
Foundation Details:

Crawlspace
Window Features:

Aluminum Frames
Patio And Porch Features:

Covered
Security Features:

Smoke Detector(s)
Building Area Total:

5797
Building Area Units:

Square Feet
Building Area Source:

Estimated

Interior

Interior Features:

Built-in Features
Furnished:

Unfurnished
Flooring:

Carpet
Additional Rooms:

Bonus Room
Fireplace:

false

Room Dimensions

Living Area:

5203
Living Area Units:

Square Feet
Living Area Source:

Estimated

Location

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.
Latitude:

28.851561
Longitude:

-81.680557
Coordinates:

-81.680557, 28.851561

The Property

Parcel Number:

111926010007600403
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Condition:

Completed
Lot Features:

City Lot
Lot Size Acres:

0.62
Lot Size Area:

27084
Lot Size SqFt:

27084
Lot Size Dimensions:

60 x 234 & 55 x 232
Lot Size Units:

Square Feet
Total Acres:

1/2 to less than 1
Zoning:

SR
Direction Faces:

East
View:

false
Exterior Features:

Awning(s)
Vegetation:

Mature Landscaping
Water Source:

Public
Road Responsibility:

Public Maintained Road
Road Surface Type:

Paved
Road Frontage Type:

Street Paved
Flood Zone Code:

x
Flood Zone Panel:

12069C0356E
Additional Parcels:

true
Additional Parcels Description:

11-19-26-0100-076-00401
Homestead:

false
Lease Restrictions:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Lot:

4
Tax Block:

076
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
Tax Book Number:

1-79
Tax Annual Amount:

7255

Beds

Bedrooms Total:

13

Baths

Total Baths:

8
Total Baths:

8
Full Baths:

8

The Listing

Virtual Tour URL Unbranded:

https://vimeo.com/923455452/46186054c3?share=copy
Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

BB/HS Internet Available
Sewer:

Public Sewer

Appliances

Appliances:

Electric Water Heater
Laundry Features:

None

Schools

Elementary School:

Eustis Elem
Middle Or Junior School:

Eustis Middle
High School:

Eustis High School

The Community

Subdivision Name:

EUSTIS
Senior Community:

false
Water View:

false
Water Access:

false
Waterfront:

false
Spa:

false
Pool Private:

false
Pets Allowed:

Breed Restrictions
Pet Restrictions:

Pet Restrictions Provided Upon Request.
# of Pets:

2
Association:

false
Ownership:

Fee Simple
Association Approval Required:

false

Parking

Garage:

true
Attached Garage:

false
Garage Spaces:

5
Garage Dimensions:

20x48
Carport:

false
Covered Spaces:

5
Open Parking:

true
Parking Features:

Assigned

Extra Units

Other Structures:

Storage

Monthly cost estimate

Asking price

$1,150,000

Expense	Monthly cost
Mortgage	$6,157
Taxes	$604
Insurance	$316
Utilities	$408 See report
Total	$7,485/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Max Internet Speed

Xfinity

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
9/26/24 Sep 26, 2024	Price Changed	STELLAR_MLS	$1,150,000	-2.0%
7/19/24 Jul 19, 2024	Price Changed	STELLAR_MLS	$1,173,000	-0.1%
5/21/24 May 21, 2024	Price Changed	STELLAR_MLS	$1,174,000	-0.1%

Want a closer look?

Go see 426 E Citrus Avenue

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Eustis, FL

Similar sold homes

This house located in Eustis, FL 32726 is currently for sale for $1,150,000. 426 E Citrus Avenue is a 5,203 square foot house with 13 beds and 8 baths that has been on Estately for 233 days. This house is in the attendance area of Eustis Middle School, Eustis High School, and Eustis Elementary School.

Listing Courtesy of: STELLAR_MLS and ROCK SPRINGS REALTY, LLC.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.