Eustis Investment Opportunity: Quad-Plex
422 and 426 Citrus Ave, Eustis, FL 32726
Call to check price and availability
Two quad-plex buildings with storage units, generating $97,000+ annual cashflow.
Type:Multifamily
Property size:
5,797 SFLot size:
0.62 AcresPrice / SF:
$169/SF- Added:
- Mar 13, 2026
- Days on Market:
- 63
- Last Refresh:
- Mar 19 at 11:19 pm
Property Features for 422 and 426 Citrus Ave
General Information
- Standard status
- Active
- Size
- 5,797 SF
- Lot size
- 0.62 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1925
Listing agent Joel Bornstein License #FL 3211229
Listing office Rock Springs Realty (877) 333-2811
Listing date Mar 13, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Rock Springs Realty
HighLights
- Turnkey investment opportunity boasting $97,000+ annual cash flow and a 6.64% CAP rate.
- Two quadplex buildings (8 apartment units) with 100% occupancy and annual tenants.
- Includes 4 additional storage units for extra rental income.
- All apartment units fully remodeled and updated in 2018 and 2019.
- Located in the historic district of Eustis, just 3 blocks from downtown, with convenient access to amenities.
- No HOA, with ample parking (2 spaces per unit) on a .62‑acre lot.
Overview
This offering features two quad-plex buildings located at 422 & 426 E. Citrus Avenue in the historic district of Eustis, Florida, just three blocks from downtown. This turnkey investment opportunity includes eight apartment units and four storage units, providing over $97,000 in annual cash flow. The property is currently 100% occupied with annual tenants, providing a blended 6.64% CAP rate. The two separate quadplex buildings are situated on 0.62 acres (115'x 232') with no HOA. The combined heated area is 5,203 square feet, with a total size of 5,797 square feet. Both buildings are connected to City of Eustis water and sewer services. Building 422 features three 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, all fully remodeled in 2018. Building 426 consists of four 2-bedroom, 1-bath units, all remodeled in 2019. Building 426 also includes a detached structure with four rental storage units, each with roll-up doors, generating additional income. Each unit has two dedicated parking spaces. The property is within walking distance of Downtown Eustis, Bay Street, Lake Eustis lakefront, restaurants, shops, and city parks, and is approximately 5 minutes from the Lake County Mall, Target, Walmart, and other conveniences. The purchase price includes the properties at 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).
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Eustis
- County
- Lake
- State
- Florida
- Longitude
- -81.6807305
- Latitude
- 28.8515251
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Two quad-plex buildings with storage units, generating $97,000+ annual cashflow.
Where is this quadplex located?
The property is located at 422 and 426 Citrus Ave Eustis, FL.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Turnkey investment opportunity boasting $97,000+ annual cash flow and a 6.64% CAP rate.; Two quadplex buildings (8 apartment units) with 100% occupancy and annual tenants.; Includes 4 additional storage units for extra rental income.
