Real Estate Companies Venice, FL

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, and provides a blended 6.925% CAP-RATE. These two separate quadplex buildings sit on .62 acres (115'x 232') with "NO HOA" and includes 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-BathUnits. 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.

Property Details

Property Features
MLS ID:	MFRG5117528	Year Built:	1925
Appliances:	Electric Water Heater, Gas Water Heater, Range, Range Hood, Refrigerator	Construction Materials:	Stucco, Frame, Wood Siding
Cooling:	Central Air, Mini-Split Unit(s)	Country:	US
County Or Parish:	Lake	Exterior Features:	Lighting, Sidewalk, Storage
Financial Data Source:	Owner	Flooring:	Carpet, Ceramic Tile, Laminate, Luxury Vinyl, Wood
Foundation Details:	Crawlspace, Slab	Furnished:	Unfurnished
Heating:	Central, Electric	Laundry Features:	None
Lease Term:	Twelve Months	Levels:	Multi/Split
Listing Agreement:	Exclusive Right To Sell	Listing Terms:	Cash, Conventional, FHA, VA Loan
Lot Features:	City Limits, Landscaped, Level, Oversized Lot, Sidewalk, Paved	Occupant Type:	Tenant
Other Structures:	Storage	Parking Features:	Assigned, Ground Level, Guest, Open
Patio And Porch Features:	Covered, Enclosed, Front Porch, Patio, Rear Porch, Screened	Pets Allowed:	Breed Restrictions, Number Limit, Size Limit, Yes
Possession:	Close Of Escrow	Property Condition:	Completed
Property Sub Type:	Quadruplex	Property Type:	Residential Income
Road Responsibility:	Public Maintained Road	Road Surface Type:	Asphalt
Roof:	Metal, Other, Shingle	Security Features:	Smoke Detector(s)
Sewer:	Public Sewer	Showing Requirements:	Appointment Only, ShowingTime
Special Listing Conditions:	None	Standard Status:	Active
State Or Province:	FL	Tenant Pays:	Electricity
Utilities:	BB/HS Internet Available, Cable Available, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Water Connected	Water Source:	Public
Window Features:	Aluminum Frames, Blinds, Window Treatments, Wood Frames

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