$980,000
422 & 426 E Citrus Avenue Eustis, FL 32726
For Sale MLS# G5108356
13 beds 8 baths 5,203 sq ft Multi-family
Details for 422 & 426 E Citrus Avenue
MLS# G5108356
Description for 422 & 426 E Citrus Avenue, Eustis, FL, 32726
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.
Listing Information
Property Type: Residential, Multi Family
Status: Active
Bedrooms: 13
Bathrooms: 8
Lot Size: 0.62 Acres
Square Feet: 5,203 sq ft
Year Built: 1925
Garage: Yes
Construction: Stucco,Wood Siding,Wood Frame
Construction Display: New Construction
Subdivision: Eustis
Foundation: Crawlspace,Slab
Number Of Units Total: 8
County: Lake
Construction Status: New Construction
School Information
Elementary: Eustis Elem
Middle: Eustis Middle
High: Eustis High School
Interior Features
Appliances: Range, Refrigerator, Range Hood, Electric Water Heater, Gas Water Heater
Flooring: Carpet,Ceramic Tile,Laminate,Luxury Vinyl,Wood
Basement: Crawl Space
Doors/Windows: Blinds, Window Treatments, Aluminum Frames, Wood Frames
Additional Interior Features: Split Bedrooms, Window Treatments, Walk-In Closet(s), Ceiling Fan(s), Eat-In Kitchen, Living/Dining Room, Built-in Features, Main Level Primary, Upper Level Primary, Kitchen/Family Room Combo, Wood Cabinets
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Cable Available,Electricity Connected,Natural Gas Connected,High Speed Internet Available,Municipal Utilities,Sewer Connected,Water Connected
Cooling: Ceiling Fan(s), Central Air, Ductless
Heating: Central, Electric
Exterior / Lot Features
Garage Spaces: 5
Parking Description: Guest, Open, Assigned
Roof: Shingle, Other, Metal
Lot Dimensions: 60x234 & 55x232
Additional Exterior/Lot Features: Awning(s), Storage, Lighting, Enclosed, Screened, Patio, Covered, Front Porch, Rear Porch, Flat, Level, Landscaped, City Lot, Oversized Lot
Out Buildings: Storage
Community Features
Community Features: Sidewalks
Security Features: Smoke Detector(s)
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 950
Unit 1 Baths Total: 1
Unit 1 Beds Total: 2
Unit 2 Units Total: 1
Unit 2 Actual Rent: 925
Unit 2 Baths Total: 1
Unit 2 Beds Total: 2
Unit 3 Units Total: 1
Unit 3 Actual Rent: 900
Unit 3 Baths Total: 1
Unit 3 Beds Total: 2
Unit 4 Units Total: 1
Unit 4 Actual Rent: 900
Unit 4 Baths Total: 1
Unit 4 Beds Total: 2
Unit 5 Units Total: 1
Unit 5 Actual Rent: 900
Unit 5 Baths Total: 1
Unit 5 Beds Total: 1
Unit 6 Units Total: 1
Unit 6 Actual Rent: 1200
Unit 6 Baths Total: 1
Unit 6 Beds Total: 2
Driving 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.
Financial Considerations
Terms: Cash,Conventional,FHA,VA Loan
Tenant Pays: Electricity
Gross Income: 97320
Tax/Property ID: 11-19-26-0100-076-00401
Tax Amount: 7560
Tax Year: 2025
A broker reciprocity listing courtesy: ROCK SPRINGS REALTY, LLC
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 422 & 426 E Citrus Avenue
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 422 & 426 E Citrus Avenue
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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