Address
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Address: 426 E CITRUS AVENUE
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City: EUSTIS
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State/county: FL
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Zip/Postal Code: 32726
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Area: EUSTIS
Description
ATTENTION LANDLORDS & INVESTORS: QUAD-PLEX APARTMENT BUILDING, PLUS (4) STORAGE RENTAL UNITS FOR SALE IN EUSTIS, FL 32726. Located in the historic district of Eustis and just (3) Blocks from downtown. Currently delivering a 6.16% CAP Rate with Additional Revenue Potential. $50,100.00 Gross Revenue. $32,040.00 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. All units were fully remodeled and updated in 2019. The property also includes a detached (4-unit) rental storage building with roll-up doors that generates $500.00 in monthly income. 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.
Details
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Property ID G5107283
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Price $525,000.00
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Property Size 2592 sqft
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Land Area 0.32 sqft
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Bedrooms 4
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Bathrooms 4
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Garages 4
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Garage Size x x
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Year Built 1925
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Type Single Family Residence, Residential
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Property Status Active, For Sale
Additional details
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Listing Terms Cash,Conventional,FHA,VA Loan
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Roof Membrane
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Utilities BB/HS Internet Available,Electricity Available,Public,Sewer Connected,Water Connected
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Sewer Public Sewer
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Cooling Mini-Split Unit(s)
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Heating Central,Electric
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Flooring Laminate,Luxury Vinyl,Wood
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County Lake
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Property Type Residential
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Parking Assigned,Ground Level,Guest,Open
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Elementary School Eustis Elem
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Middle School Eustis Middle
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High School Eustis High School
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Architectural Style Historic
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