This listing was posted on ListedBuy.
$1,175,000
426 E CITRUS AVE, EUSTIS, FL 32726 Multi Family For Sale MLS# G5079488
Price:
$1,175,000
BR/BA:
10+ BR, 8 BA
Location:
426 E CITRUS AVE, Apopka, FL
Description:
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 & 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 & 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) Saleal 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. NOTE: Floor Plans & Seller Disclosures for each building & 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 & Past Income History, Expense Breakdown and Saleal Comps Analysis for 1/1 & 2/1 saleals in the entire Eustis market which shows units could still be competitive with an additional 10%-15% sale increase on annual renewals. "EVERY BUYER" will be required to sign an NDA (non-disclose agreement) prior to receiving the Proformas. PLEASE DO NOT ENGAGE OR DISTURB ANY OF THE TENANTS... Still available at ListedBuy!
Property Type:
Multi-Family Residences for Sale
Sq feet:
5,203 sq. ft.
Amenities:
Parking, Storage
For sale by:
By Owner
Posted:
April 10 on ListedBuy
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More About this Listing: 426 E CITRUS AVE, EUSTIS, FL 32726 Multi Family For Sale MLS# G5079488
426 E CITRUS AVE, EUSTIS, FL 32726 Multi Family For Sale MLS# G5079488 is a 10+ BR Eight Bath Multi-Family Real Estate for Sale at 426 E Citrus Ave in Apopka FL. Find other listings like 426 E CITRUS AVE, EUSTIS, FL 32726 Multi Family For Sale MLS# G5079488 and listings near 426 E Citrus Ave by searching Oodle Classifieds for 10+ BR Eight Bath Multi-Family Real Estate for Sale in Apopka FL.
426 E CITRUS AVE, EUSTIS, FL 32726 Multi Family For Sale MLS# G5079488 is a 10+ BR Eight Bath Multi-Family Real Estate for Sale at 426 E Citrus Ave in Apopka FL. Find other listings like 426 E CITRUS AVE, EUSTIS, FL 32726 Multi Family For Sale MLS# G5079488 and listings near 426 E Citrus Ave by searching Oodle Classifieds for 10+ BR Eight Bath Multi-Family Real Estate for Sale in Apopka FL.