Overview
- Multi-Family 5+, Residential Income
- 13
- 8
- 5
- 5797 Sqft
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, providing a blended 6.64% 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-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 & 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.
Address
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Address: 422 & 426 E CITRUS AVENUE
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City: Eustis
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State/county: FL
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Zip/Postal Code: 32726
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Country: US
Details
Updated on July 7, 2026 at 10:22 pm-
Property ID HZG5108356
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Price $980,000
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Property Size 5797 Sqft
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Land Area 0.62 Acres
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Bedrooms 13
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Bathrooms 8
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Garages 5
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Year Built 1925
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Property Type Multi-Family 5+, Residential Income
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Property Status Withdrawn
Additional details
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Listing Terms Cash, Conventional, FHA, VA Loan
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Roof Metal, Other, Shingle
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Utilities BB/HS Internet Available, Cable Available, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Water Connected
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Sewer Public Sewer
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Cooling Central Air, Mini-Split Unit(s)
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Heating Central, Electric
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Flooring Carpet, Ceramic Tile, Laminate, Luxury Vinyl, Wood
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County Lake
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Property Type Residential Income
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Parking Assigned, Ground Level, Guest, Open
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Elementary School Eustis Elem
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Middle School Eustis Middle
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High School Eustis High School
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