422 E Citrus Ave - Multi-Family FOR SALE


Eustis, FL 32726
$490,000 USD
877-333-2811
422 E Citrus Ave, Eustis, FL for Sale
$490,000 USD
Multi-Family - FOR SALE
1/58
null | 6.74% Cap Rate

422 E Citrus Ave
Eustis, FL 32726


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$490,000 USD

PRICE/SF

$153 USD /SF

# OF UNITS

4

PRICE/UNIT

$122,500

CAP RATE

6.74%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

422 E. Citrus Ave, Eustis FL 32726

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1884

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

SR

APN/PARCEL ID

11-19-26-0100-076-00401

ASK ABOUT THIS PROPERTY

Joe BornsteinRock Springs Realty, LLCMore Info
877-333-2811

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Joe BornsteinRock Springs Realty, LLCMore Info
877-333-2811

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.