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29812240
29812257

422 Citrus Ave, Eustis, FL 32726 For Sale

JB
FL 3211229
Rock Springs Realty
Listed by Rock Springs Realty
$489,000
153 days on market
Updated 11 days ago

422 E. Citrus Ave

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,205
Net Rentable (SqFt) 2,899
Units 4
Cap Rate 6.76%
NOI $33,049
Occupancy 100%
Price per SqFt $153
Broker Co-Op Yes
Class C
Year Built 1884
Year Renovated Various
Buildings 1
Stories 2
Acreage 12749.000
Zoning SR
Ownership Fee Simple

QUAD-PLEX APARTMENT BUILDING | 6.74% CAP | $47,220.00 Gross Revenue

Marketing description


ATTENTION LANDLORDS & INVESTORS: QUAD-PLEX APARTMENT BUILDING FOR SALE IN EUSTIS, FL 32726. Located in the historic district of Eustis and just (3) Blocks from downtown. Currently delivering a 6.74% CAP Rate with Additional Revenue Potential. $47,220.00 Gross Revenue. $33,049.00 Net Operating Income. This "TURNKEY" investment opportunity is 100% Occupied and All Tenants are on Annual Leases. No "HOA". City of Eustis water & sewer. Unit Profile: Living/Dining Rooms, Full Kitchen, Full Bathroom, Primary Bedroom, (2) Dedicated Parking Spaces. 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. PLEASE DO NOT ENGAGE OR DISTURB TENANTS. NO SIGN at the property and all inquiries are to be directed to the Listing Broker only. Joe Bornstein, Rock Springs Realty, 407-252-8092, joe@
rockspringsrealty.com. FULL FINANCIALS, PROPERTY PROFILE, RENT ROLLS, EXPENSES, FLOOR PLAN, SURVEY, ETC, AVAILABLE TO QUALIFIED BUYERS.

Listing Contacts

JB
FL 3211229
Rock Springs Realty
Listed by Rock Springs Realty

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$33,049.00
$2,754.08/mo

Valuation Metrics

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DSCR
6.76%
Cap Rate
6.76%
ROI

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