426 E Citrus AVENUE

426 E Citrus AVENUE Eustis, Florida 32726 United States

ATTENTION INVESTORS: (2) QUADPLEX BUILDINGS FOR SALE, (8) APARTMENT UNITS + (4) STORAGE UNITS KICKING OFF $95,000.00 IN ANNUAL CASH FLOW, EUSTIS, FL 32726. Located at 422 amp; 426 E. Citrus Avenue in the historic district of Eustis and just (3) Block from downtown, this is a turnkey investment opportunity, 100% occupancy, annual tenants, providing a solid 8% CAP-RATE ROI. These two separate quadplexes sits on .62 acres (115'x 232') with NO HOA and offer a combined heated 5,203 s/f and total size of 5,797 s/f. Both building are on City of Eustis water amp; 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 amp; walking distance to Downtown Eustis amp; Bay Street, Lake Eustis lakefront, lots of restaurants, shops, city parks amp; just 5-minutes to the Lake County Mall, Target, Walmart, etc. and a variety of other conveniences for the tenants and their guests. NOTE: Floor Plans amp; Seller Disclosures for each building amp; units are attached in the MLS, or available to be emailed upon request. A detailed Proforma for each Building is available to Qualified Buyers and includes full Unit Profiles, Upgrades/Improvements/Maintenance Info, Current amp; Past Income History, Expense Breakdown and Rental Comps Analysis for 1/1 amp; 2/1 rentals in the entire Eustis market which shows units could still be competitive with an additional 10%-15% rent increase on annual renewals. EVERY BUYER will be required to sign an NDA (non-disclose agreement) prior to receiving the Proformas. PLEASE DO NOTENGAGE OR DISTURB ANY OF THE TENANTS. NO SIGN at the property and all inquiries are to be directed to the Listing Broker only. For reference, the purchase price includes the following properties: 422 E. Citrus Ave, Parcel ID#11-19-20-0100-076-00401, Alt Key#1759641and 426 E. Citrus Ave, Parcel ID#11-19-26-0100-076-00403, Alt. Key#1243122. Call for more information.

Source : MFRMLS DBA Stellar MLS

Listing Courtesy of ROCK SPRINGS REALTY, LLC

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