To schedule a showing of 422 & 426 E Citrus Avenue, Eustis, Florida, Call David Shippey at 863-521-4517 TODAY!
$980,000 | 13 beds | N/A full baths | N/A half baths | 5,203 sqft
Eustis, FL 32726
- 13Beds
- 8.00Total Baths
- 0 Full, 0 HalfBaths
- 5,203SqFt
- 1925Year Built
- 0.62Acres
- MLS# G5108356
- Income
- MultiFamily
- Active
- Approx Time on Market3 months, 20 days
- Area32726 - Eustis
- CountyLake
- Subdivision Eustis
Overview
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, providing a blended 6.64% 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-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. 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.
Agriculture / Farm
Association Fees / Info
Community Features: Sidewalks
Pets Allowed: BreedRestrictions, NumberLimit, SizeLimit, Yes
Bathroom Info
Total Baths: 8.00
Building Info
Window Features: AluminumFrames, Blinds, WoodFrames, WindowTreatments
Roof: Metal, Other, Shingle
Building Area Source: Estimated
Buyer Compensation
Exterior Features
Patio: RearPorch, Covered, Enclosed, FrontPorch, Patio, Screened
Exterior Features: Awnings, Lighting, Storage
Fees / Restrictions
Financial
Gross Income: 97,320
Expense Tenant: Electricity
Original Price: $980,000
Garage / Parking
Open Parking: Yes
Parking Features: Assigned, Guest, Open
Garage: Yes
Green / Env Info
Interior Features
Floors: Carpet, CeramicTile, Laminate, LuxuryVinyl, Wood
Levels: MultiSplit
Laundry Features: None
Interior Features: BuiltInFeatures, CeilingFans, EatInKitchen, KitchenFamilyRoomCombo, LivingDiningRoom, MainLevelPrimary, SplitBedrooms, UpperLevelPrimary, WalkInClosets, WoodCabinets, WindowTreatments
Appliances: ElectricWaterHeater, GasWaterHeater, Range, Refrigerator, RangeHood
Lot Info
Direction Remarks: From Hwy 441 in Eustis, head north on S. Bay Street (Hwy 19) for approximately 2 miles. Turn right onto Citrus Ave and follow down. Property will be down on the right.
Number of Lots: 2
Lot Size Units: Acres
Lot Size Acres: 0.62
Lot Sqft: 27,084
Est Lotsize: 60x234 & 55x232
Lot Desc: CityLot, Flat, Landscaped, Level, OversizedLot
Misc
Other
Other Structures: Storage
Special Conditions: None
Security Features: SmokeDetectors
Other Rooms Info
Basement: CrawlSpace
Property Info
Section: 11
Class Type: MultiFamily
Property Condition: NewConstruction
Construction Materials: Stucco, WoodSiding, WoodFrame
Foundation: Crawlspace, Slab
Human Modified: Yes
Sqft Info
Sqft: 5,203
Bulding Area Sqft: 5,797
Living Area Units: SquareFeet
Living Area Source: Estimated
Tax Info
Tax Year: 2,025
Tax Lot: 1
Tax Legal Description: EUSTIS BEG 79 FT E OF SW COR OF LOT 4 BLK 76 RUN N TO PT 44 FT S OF N LINE OF LOT 4 E 4 FT N 44 FT E 51 FT S TO S LINE LOT 4 W TO POB PB 1 PG 79 ORB 6319 PG 2114
Tax Block: 076
Tax Annual Amount: 7560
Tax Book Number: 1-79
Unit Info
Total Units: 8
Total Actual Rent: 8,110
Utilities / Hvac
Heating: Central, Electric
Water Source: Public
Sewer: PublicSewer
Cool System: CentralAir, Ductless, CeilingFans
Cooling: Yes
Heating: Yes
Utilities: CableAvailable, ElectricityConnected, NaturalGasConnected, HighSpeedInternetAvailable, MunicipalUtilities, SewerConnected, WaterConnected
Waterfront / Water
Directions
From Hwy 441 in Eustis, head north on S. Bay Street (Hwy 19) for approximately 2 miles. Turn right onto Citrus Ave and follow down. Property will be down on the right.This listing courtesy of Rock Springs Realty, Llc
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MLS IDX data last updated on 06-07-2026 2:00 AM EST.
If you have any questions on 422 & 426 E Citrus Avenue, Eustis, Florida, please call David Shippey at 863-521-4517.
MLS# G5108356 located at 422 & 426 E Citrus Avenue, Eustis, Florida is brought to you by David Shippey REALTOR®
422 & 426 E Citrus Avenue, Eustis, Florida has 13 Beds, 0 Full Bath, and 0 Half Bath.
The MLS Number for 422 & 426 E Citrus Avenue, Eustis, Florida is G5108356.
The price for 422 & 426 E Citrus Avenue, Eustis, Florida is $980,000.
The status of 422 & 426 E Citrus Avenue, Eustis, Florida is Active.
The subdivision of 422 & 426 E Citrus Avenue, Eustis, Florida is Eustis.
The home located at 422 & 426 E Citrus Avenue, Eustis, Florida was built in 2026.