422 E Citrus Avenue, Eustis, FL 32726

$490,000
5
BD
4
BA
2,841
SqFt

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List Price
$490,000
Status
Active
Days on Market
160
MLS#
G5108016
Property Style
Quadruplex
Year Built
1884
Bedrooms
5
Bathrooms
4
Living Area
2,841
Lot Size
12,749
Acres
0.29
Total Acreage
1/4 to less than 1/2
Legal Subdivision Name
Eustis
MLS Area Major
Eustis

Property Description

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.

Additional Information

Taxes
$3915
Minimum Lease
No Minimum
Annual Gross Income
47220
Location
City Limits, Level, Near Public Transit, Sidewalk, Paved
Community Features
Sidewalks, Street Lights, No Deed Restriction
Property Description
Two Story
Zoning
SR
Interior Layout
Built-in Features, Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments
Interior Features
Built-in Features, Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments
Floor
Carpet, Ceramic Tile, Laminate, Wood
Appliances
Electric Water Heater, Range, Range Hood, Refrigerator
Utilities
BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Heating
Central, Electric
Air Conditioning
Mini-Split Unit(s)
Exterior Construction
Frame
Exterior Features
Lighting, Sidewalk
Roof
Metal, Shingle
Foundation
Crawlspace
Pool
No Pool
Garage Features
Guest, Reserved
Elementary School
Eustis Elem
Middle School
Eustis Middle
High School
Eustis High School
Pets
Allowed
Max Pet Weight
35
Pet Size
Small (16-35 Lbs.)
Flood Zone Code
X
Parcel ID
11-19-26-0100-076-00401
Legal Description
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 858 PGS 1609-1614

Listing courtesy of ROCK SPRINGS REALTY, LLC. 877-333-2811

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