422 E Citrus Ave, Eustis, Florida 32726

$490,000

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.

Details

Property ID G5108016
Price $490,000
Property Size 3205 Sqft
Land Area 0.29 Acres
Bedrooms 5
Bathrooms 4
Year Built 1884
Property Type Quadruplex, Residential Income
Property Status Active

Additional details

Listing Terms Cash, Conventional, FHA, VA Loan
Roof Metal, Shingle
Utilities BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Sewer Public Sewer
Cooling Mini-Split Unit(s)
Heating Central, Electric
Flooring Carpet, Ceramic Tile, Laminate, Wood
County Lake
Property Type Residential Income
Parking Guest, Reserved
Elementary School Eustis Elem
Middle School Eustis Middle
High School Eustis High School
Community Features Sidewalks, Street Lights

Address

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Address: 422 E CITRUS AVENUE
City: Eustis
State/county: FL
Zip/Postal Code: 32726
Country: US

Features

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