$10,000
closing credit¹
426 E Citrus Ave Eustis, FL 32726
Property details
About 426 E Citrus Ave
"REDUCED PRICE" - 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) 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. NOTE: SELLER FINANCING AVAILABLE FOR A SMALL PERCENTAGE (25% +/-) OF THE PURCHASE PRICE FOR QUALIFIED BUYERS. Floor Plans & Seller Disclosures for each building & units are attached in the MLS, or available to be emailed upon request. Detailed financials are available to "Qualified Buyers" and includes full Unit Profiles, Upgrades/Improvements/Maintenance Info, Current & Past Income History, Expense Breakdown and Rental Comps Analysis for 1/1 & 2/1 rentals in the entire Eustis market which shows units could still be competitive with an additional 10%-15% rent increase on annual renewals. "EVERY BUYER" will be required to sign an NDA (non-disclose agreement) prior to receiving the actual financials. PLEASE DO NOT ENGAGE OR DISTURB ANY OF THE TENANTS. NO SIGN at the property and all inquiries are to be directed to the Listing Broker only. 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, Parcel ID#11-19-26-0100-076-00403, Alt. Key#1243122. Call for more information.
Highlights
Virtual tour
Summary
- MLS Number: G5080470
- MLS Name: MFRMLS
- Office Name: ROCK SPRINGS REALTY, LLC
- Office Phone: (877) 333-2811
- Listing Agent: Joel Bornstein
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Last updated on: 2/1/2025, 10:49:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,150,100
426 E Citrus Ave
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 10, 2019 | Home Sold | $180,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $185,567 | $3,657 |
| 2022 | $171,472 | $3,412 |
| 2021 | $150,146 | $3,412 |
| 2020 | $150,062 | $3,051 |
| 2019 | $112,651 | $2,439 |
| 2018 | $106,717 | $2,287 |
| 2017 | $97,015 | $2,080 |
History based on county public records data.
Nearby schools
3
Eustis Elementary School
Public District PK-5
0.2 mi
•714 E Citrus Ave
3
Eustis Heights Elementary School
Public District PK-5
1.0 mi
•310 W Taylor Ave
2
Triangle Elementary School
Public District PK-5
2.7 mi
•1707 Eudora Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $41,250. Most Eustis, FL residents have annual incomes between $35k-100k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Boxing
Pro Wrestling
Figure Skating
Where do the neighbors shop?
Burlington
Family Dollar
Big Lots
Where do the neighbors go to eat?
Popeyes
Cicis Pizza
Church's Chicken
What do the neighbors drive?
Dodge
Pontiac
Cadillac
What do the neighbors listen to?
Urban Contemporary
Jazz
Adult Standards
Frequently asked questions
About 426 E Citrus Ave
This home is located at 426 E Citrus Ave in Eustis, FL and zip code 32726. This 5,203 square foot home, which was built in 1925, sits on a 0.62 acre lot. Features: 13 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since April 3, 2024 and is currently priced at $1,150,100.
In January 2025 more than 9 listings in Eustis, FL were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 20 were sold below. The number of listings in Eustis, FL increased by 3.3% between December and January 2025. In January 2025, listings were on the market for 80 days. During the same period, the median list price in this real estate market was $365,041.