ATTENTION INVESTORS: (2) QUAD-PLEX BUILDINGS FOR SALE, (8) APARTMENT UNITS + (4) STORAGE UNITS PROVIDING $97,000.00+ IN ANNUAL CASH FLOW, EUSTIS, FL 32726. Located at 422 & 426 E. Citrus Avenue in the historic district of Eustis and just (3) Blocks from downtown, this is a "turnkey" investment opportunity, 100% occupancy, annual tenants, providing a blended 6.64% CAP-RATE. These two separate quadplex buildings sit on .62 acres (115'x 232') with "NO HOA" and includes 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. Floor Plans & Seller Disclosures for each building & units are attached in the MLS, or available to be emailed. Detailed financials available to "Qualified Buyers" and includes full Unit Profiles, Upgrades/Improvements/Maintenance Info, Current & Past Income History, Expense Breakdown, Rental Comps Analysis for 1/1 & 2/1 rentals in the entire Eustis market. PLEASE DO NOT ENGAGE OR DISTURBANY OF THE TENANTS. NO SIGN at the property and all inquiries are to be directed "ONLY" to the Listing Broker. 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, ParcelID#11-19-26-0100-076-00403, Alt. Key#1243122. Call directly for more information.
Lease Term
12 months5,203 Sq Ft
0.62 Private Acres Lot Size
investment
$630 Monthly Tax
Built in 1925
MLS/Listing ID G5108356
8 Units
Awnings
Laminate
Hardwood
Ceramic Tile
Carpet
Slab
Unfurnished
Metal
Parking - Ground Level
Lighting
Window Treatments
Shingle
Range Hood
Range
Gas Water Heater
Electric Water Heater
Construction - Wood Siding
Construction - Wood Frame
Construction - Stucco
Cooling - Multi-split AC
Cooling - Central Air
Storage
Living Dining Room
Split Bedrooms
Walk-in Closets
Heating - Electric
Kitchen Family Room Combo
Eat-in Kitchen
Built-in Features
Lot - Oversized Lot
Lot - Level
Lot - Landscaped
Refrigerator
Lot - City Lot
Parking - Open
Parking - Guest
Parking - Assigned
Screened
Rear Porch
Patio
Front Porch
Enclosed
Covered
Wood Frames
Blinds
Aluminum Frames
Sidewalk
Crawlspace
Ceiling Fans
Solid Wood Cabinets
Thermostat
Lot - Sidewalk
Pets Allowed
TOTAL MONTHLY COST
$0
$0
$0