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Angie Gooden

agoodenrealtor@gmail.com +1(843) 576-9551

$ 939,800

Est. payment | -/mo

13 Beds

8 Baths

5,203 SqFt

Save

$ 939,800

Est. payment | -/mo

Save

13 Beds

8 Baths

5,203 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 5,203 sqft

Price per Sqft $180

Subdivision Eustis

MLS Listing ID G5117528

Bedrooms 13

Construction Status Completed

HOA Y/N No

Year Built 1925

Annual Tax Amount $7,560

Lot Size 0.620 Acres

Acres 0.62

Lot Dimensions 60x234 & 55x232

Property Sub-Type Quadruplex

Source Stellar MLS

Property Description

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, and provides a blended 6.925% 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-BathUnits. 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.

Location

State FL

County Lake

Community Eustis

Area 32726 - Eustis

Zoning SR

Rooms

Other Rooms Bonus Room, Family Room, Storage Rooms

Interior

Interior Features Built-in Features, Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments

Heating Central, Electric

Cooling Central Air, Mini-Split Unit(s)

Flooring Carpet, Ceramic Tile, Laminate, Luxury Vinyl, Wood

Furnishings Unfurnished

Fireplace false

Appliance Electric Water Heater, Gas Water Heater, Range, Range Hood, Refrigerator

Laundry None

Exterior

Exterior Feature Lighting, Sidewalk, Storage

Parking Features Assigned, Ground Level, Guest, Open

Garage Spaces 5.0

Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Water Connected

View Y/N No

Water Access No

Roof Type Metal,Other,Shingle

Porch Covered, Enclosed, Front Porch, Patio, Rear Porch, Screened

Attached Garage false

Garage true

Private Pool No

Building

Lot Description City Limits, Landscaped, Level, Oversized Lot, Sidewalk, Paved

Entry Level Multi/Split

Foundation Crawlspace, Slab

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Water Public

Structure Type Stucco,Frame,Wood Siding

New Construction false

Construction Status Completed

Schools

Elementary Schools Eustis Elem

Middle Schools Eustis Middle

High Schools Eustis High School

Others

Pets Allowed Breed Restrictions, Number Limit, Size Limit, Yes

Senior Community No

Pet Size Small (16-35 Lbs.)

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Num of Pet 2

Special Listing Condition None

Listed by Joel Bornstein ROCK SPRINGS REALTY, LLC

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Angie was absolutely amazing throughout our home-buying journey. From day one, she took the time to explain every step of the process and made sure both Jeffrey and I understood what was happening and what our options were. As first-time buyers, that guidance meant so much to us. Her communication was excellent and she was always available to answer questions, kept us informed, and made sure nothing fell through the cracks. Angie was also a fantastic negotiator. She successfully negotiated seller-paid closing costs and helped ensure that the repairs we requested were addressed, saving us both money and stress. What stood out most was how confident she made us feel throughout the entire process. She never pressured us and always took the time to help us make informed decisions that were right for our family. We truly felt like she was advocating for us every step of the way. We couldn’t have asked for a better Realtor and are so grateful for everything Angie did to help us get into our new home. We highly recommend her to anyone looking for a knowledgeable, responsive, and caring real estate professional!

Chelsea Williams

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Angie Gooden

Agent

+1(843) 576-9551 | agoodenrealtor@gmail.com

422 & 426 E CITRUS AVE Eustis, FL 32726

Angie Gooden

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

422 & 426 E CITRUS AVE

MY BLOGS

Learn More About LPT Realty