426 E Citrus Ave - Apartments FOR SALE


Eustis, FL 32726
$490,000 USD
877-333-2811
426 E Citrus Ave, Eustis, FL for Sale
$490,000 USD
Apartments - FOR SALE
1/44
null | 6.54% Cap Rate

426 E Citrus Ave
Eustis, FL 32726


OVERVIEW

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. 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. ALSO, the Quad-Plex next door is also listed for sale (422 E. Citrus Ave.)

FOR SALE DETAILS

PRICE

$490,000 USD

PRICE/SF

$189 USD /SF

# OF UNITS

4

PRICE/UNIT

$122,500

CAP RATE

6.54%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

SR

APN/PARCEL ID

11-19-26-0100-076-00401,11-19-26-0100-076-00403

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.