Eustis Quad-Plex with Storage
426 E CITRUS Ave Eustis, FL 32726
For Sale
$490,000
Turnkey investment opportunity: quad-plex plus four storage units.
Days on Market96
Property Features for 426 E CITRUS Ave
General Information
Standard status
Active
Property subtype
Investment
Building Details
Year Built
1925
Listing Agency:
Rock Springs Realty, LLC
(407) 252-8092
Listed By:
Joel Bornstein · License #3211229
(407) 252-8092
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 23 at 7:52AM
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, LLC
Investment Insights
Based on property information with market context.
This is a quad-plex apartment building with an additional four storage rental units, located in the historic district of Eustis, Florida, just three blocks from downtown. The property is currently delivering a 6.16% CAP Rate with additional revenue potential. This turnkey investment opportunity is 100% occupied, and all tenants are on annual leases. There is no HOA. The property utilizes City of Eustis water and sewer services. Each unit includes living and dining rooms, a full kitchen, a full bathroom, a primary bedroom, a bonus room or second bedroom, and a rear porch, along with two dedicated parking spaces. All units were fully remodeled and updated in 2019. The property also includes a detached four-unit rental storage building with roll-up doors, generating $500.00 in monthly income. The property is located within close proximity and walking distance to Downtown Eustis and Bay Street, Lake Eustis lakefront, lots of restaurants, shops, city parks and just 5-minutes to the Lake County Mall, Target, Walmart, etc. and a variety of other conveniences for the tenants and their guests. The property has a walk score of 80, indicating it is very walkable, and a bike score of 49, indicating it is somewhat bikeable.
Key Highlights
- Turnkey quad‑plex apartment building with additional (4) storage rental units, 100% occupied with annual leases.
- Located in the historic district of Eustis, just (3) blocks from downtown and within walking distance to amenities.
- Currently delivering a 6.16% CAP Rate with additional revenue potential from storage units.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Turnkey investment opportunity: quad-plex plus four storage units.
Where is this quadplex located?
The property is located at 426 E CITRUS Ave Eustis, FL.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Turnkey quad‑plex apartment building with additional (4) storage rental units, 100% occupied with annual leases.; Located in the historic district of Eustis, just (3) blocks from downtown and within walking distance to amenities.; Currently delivering a 6.16% CAP Rate with additional revenue potential from storage units.
