422 & 426 E CITRUS AVENUE
Eustis, FL, 32726 $ 980,000
Bedrooms-- Baths-- Sq 5,203 Monthly Estimate*
$ 6,034
for $980,000. This 5,203 square foot building was built in 1925 on a lot size of 0.62.
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 quad-plex buildings sits on .62 acres (115'x 232') with "NO HOA" and feature 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.
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FeaturesGeneralSewer Public Sewer
Heating Central Electric
Cooling Central Air Mini-Split Unit(s)
Utilities BB/HS Internet Capable Electricity Available Natural Gas Available Phone Available Public Water Connected
Possession Close Of Escrow
Roof Metal Other Shingle
Appliances Refrigerator
Zoning SR
Security Features Smoke Detector(s)
Construction Materials Stucco Wood Frame Wood Siding
Year Built 1925
Electric Separate Meters
Levels Multi/Split
Tax Year 2025
Ownership Corporation
Additional Parcels Description 11-19-26-0100-076-00403
County Lake
New Construction false
Property Type Commercial Sale
Subdivision Name EUSTIS
Facing Direction East
Other Structures Outbuilding Storage
Status Active
Directions From Hwy 441 in Eustis head north on S. Bay Street (Hwy 19) for approximately 2 miles. Turn right onto Citrus Ave and follow down. Property will be down on the right.
City EUSTIS
Number Of Units Total 8
MLS Area 32726 - Eustis
Lot Size Units Square Feet
Lot Size Square Feet 27084
Listing Terms Cash Conventional FHA VA Loan
Tax Annual Amount 7560
Property Condition Completed
Additional Parcels Y/N true
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 1
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 6319 PG 2114
Water Access Y/N false
Water View Y/N false
Flood Zone Code x
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InteriorFlooring Carpet Ceramic Tile Laminate Luxury Vinyl
Air Conditioning Y/N true
Heating Y/N true
Window Features Aluminum Frames Blinds Window Treatments Wood Frames
Total Baths 0
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ExteriorVegetation Mature Landscaping Trees/Landscaped
Parking Features 13 to 18 Spaces Ground Level
Lot Features City Lot Landscaped Oversized Lot Sidewalk
Water Source Public
Lot Size Area 27084
Foundation Details Crawlspace Slab
Number of Buildings 3
Building Area Total 5797
Lot Dimensions 60 x 234 & 55 x 232
Lot Size Acres 0.62
Road Surface Type Paved Asphalt
Waterfront Y/N false
Number of Separate Water Meters 2
Number of Separate Gas Meters 1
Number of Separate Electric Meters 10
Road Frontage Type Street Paved City Street
Number of Lots 2
Road Responsibility Public Maintained Road
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* Excluded FeaturesList ByRock Springs Realty, LlcBroker
joe@rockspringsrealty.netEmail
Affordability Calculator
- Monthly Principal & Interest
- $6,034
- Monthly Property Taxes
- $630
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Eustis, FL
Average List Price $1,086,286
Percent of Sale Price 11%
About Eustis, FL 19,630 Population
22% Since 2002
$ 39,027 Median Income
42.57 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/18/2026 | $980,000 | | Listed Price |