Active

$490,000

Features:
  • 5 Bedrooms
  • 4 Bathrooms
  • 2841 sq ft
Overview
  • ID: MFRG5108016
  • Bedrooms: 5
  • Bathrooms: 4
  • Size: 2841 sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$490,000
HOA Fee:
N/A
Tax Amount:
$3915
Price per SqFt:
$172.47
Tax Legal Description:
EUSTIS BEG 79 FT E OF SW COR OF LOT 4 BLK 76, RUN N TO PT 44 FT S OF N LINE OF LOT 4, E 4 FT, N 44 FT, E 51 FT, S TO S LINE LOT 4, W TO POB PB 1 PG 79 ORB 858 PGS 1609-1614
Exterior Features
Lot Size:
12749
Lot Features:
City Limits, Level, Near Public Transit, Sidewalk, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Guest, Reserved
Roof:
Metal, Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
5
Bathrooms:
4
Heating:
Central, Electric
Cooling:
Mini-Split Unit(s)
Appliances:
Electric Water Heater, Range, Range Hood, Refrigerator
Furnished:
Yes
Floor:
Carpet, Ceramic Tile, Laminate, Wood
Levels:
Two
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1884
Construction Type:
Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Lighting, Sidewalk
Additional Features 2:
Lease Restrictions & Requirements Provided Upon Request.
Map
  • Address
    422 E CITRUS AVE
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