422 & 426 E CITRUS AVENUE
Eustis, FL 32726
$939,800
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 ...
+ Read More
Listing Courtesy of: ROCK SPRINGS REALTY, LLC
877-333-2811
| Listing Id: | G5117528 |
|---|---|
| List Price: | $939,800 |
| Property Type: | Residential Income |
| Property Sub Type: | Quadruplex |
| Status: | Active |
| Bedrooms Total: | 13 |
| Bathrooms Full: | 8 |
| Living Area: | 5,203 |
| Tax Annual Amount: | $7,560 |
| Lot Size Square Feet: | 27,084 |
| Lot Size Acres: | 0.62 |
| Waterfront?: | No |
| City: | Eustis |
| County Or Parish: | Lake |
| Subdivision Name: | Eustis |
| Postal Code: | 32726 |
| Year Built: | 1925 |
| Number Of Units Total: | 8 |
| Additional Parcels?: | Yes |
| Appliances: | Electric Water Heater, Gas Water Heater, Range, Range Hood, Refrigerator |
| Bathrooms Total Integer: | 8 |
| Building Area Source: | Estimated |
| Building Area Total: | 5797 |
| Building Area Units: | Square Feet |
| Foundation Details: | Crawlspace, Slab |
| Construction Materials: | Stucco, Frame, Wood Siding |
| Cooling: | Central Air, Mini-Split Unit(s) |
| Directions: | From Hwy 441 in Eustis, head north on S. Bay Street (Hwy 19) for approximately 2 miles. Turn right onto Citrus Ave and properties will be down on the right. |
| Elementary School: | Eustis Elem |
| Exterior Features: | Lighting, Sidewalk, Storage |
| Flooring: | Carpet, Ceramic Tile, Laminate, Luxury Vinyl, Wood |
| Furnished: | Unfurnished |
| Garage Spaces: | 5 |
| Garage?: | Yes |
| Gross Income: | $97,320 |
| Heating: | Central, Electric |
| High School: | Eustis High School |
| Interior Features: | Built-in Features, Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments |
| Laundry Features: | None |
| Lease Term: | Twelve Months |
| Levels: | Multi/Split |
| Listing Contract Date: | 2026-09-02 |
| Ownership: | Fee Simple |
| Living Area Source: | Estimated |
| Living Area Units: | Square Feet |
| Lot Features: | City Limits, Landscaped, Level, Oversized Lot, Sidewalk, Paved |
| Lot Size Acres: | 0.62 |
| Lot Size Dimensions: | 60x234 & 55x232 |
| Postal Code Plus4: | 4169 |
| Middle Or Junior School: | Eustis Middle |
| MLS Area Major: | 32726 - Eustis |
| MLS Area Major: | 32726 - Eustis |
| Other Structures: | Storage |
| Original List Price: | $939,800 |
| Parcel Number: | 11-19-26-01000760401 |
| 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 |
| Township: | 19S |
| Road Surface Type: | Asphalt |
| Roof: | Metal, Other, Shingle |
| Listing Terms: | Cash, Conventional, FHA, VA Loan |
| Tax Year: | 2025 |
| Security Features: | Smoke Detector(s) |
| Sewer: | Public Sewer |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Additional Parcels Description: | 11-19-26-010007600403 |
| Tenant Pays: | Electricity |
| Total Actual Rent: | $8,110 |
| Financial Data Source: | Owner |
| Utilities: | BB/HS Internet Available, Cable Available, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Water Connected |
| Water Source: | Public |
| Number Of Lots: | 2 |
| Property Condition: | Completed |
| Public Survey Range: | 26E |
| Public Survey Section: | 11 |
| Zoning: | SR |
| Possession: | Close Of Escrow |
| Window Features: | Aluminum Frames, Blinds, Window Treatments, Wood Frames |
| Additional Lease Restrictions: | Lease Restrictions & Requirements Provided Upon Request. |
| Additional Rooms: | Bonus Room, Family Room, Storage Rooms |
| Annual Net Income: | 65089.00 |
| Approval Process: | Lease Restrictions & Requirements Provided Upon Request. |
| Association Approval Required Yn: | No |
| Available For Lease Yn: | Yes |
| Building Area Total Srch Sq M: | 538.56 |
| Calculated List Price By Calcula: | 180.63 |
| Cddyn: | No |
| Dprurl: | https://www.workforce-resource.com/dpr/listing/MFRMLS/G5117528?w=Agent&skip_sso=true |
| Dprurl 2: | https://www.workforce-resource.com/dpr/listing/MFRMLS/G5117528?w=Customer |
| Dpryn: | Yes |
| Flood Zone Code: | x |
| Flood Zone Date: | 2012-12-18 |
| Flood Zone Panel: | 12069C0356E |
| Garage Dimensions: | 20x48 |
| Green Verification Count: | 0 |
| Homestead Yn: | No |
| Lease Restrictions Yn: | No |
| Listing Exclusion Yn: | No |
| Living Area Meters: | 483.37 |
| Lot Size Square Meters: | 2516 |
| Minimum Lease: | No Minimum |
| Number Of Pets: | 2 |
| Pet Restrictions: | Pet Restrictions Provided Upon Request. |
| Pet Size: | Small (16-35 Lbs.) |
| Planned Unit Development Yn: | No |
| Realtor Info: | As-Is, Currently Leased, Floor Plan Available, No Sign, Short Term Rental Allowed, Survey Available |
| Sdeo yn: | No |
| Terms Of Lease: | Gross Lease |
| Total Acreage: | 1/2 to less than 1 |
| Total Monthly Expenses: | 2686 |
| Total Num Buildings: | 3 |
| Unit Count: | 8 |
| Unit Number Yn: | No |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Yrs Of Owner Prior To Leasing Re: | 0 |
| Individually Metered: | Cable, Electric |
| Road Responsibility: | Public Maintained Road |
| Association 2 Yn: | 0 |
| Attribution Contact: | 877-333-2811 |
| Originating System Name : | Stellar MLS |
| Num Assigned Parking Spaces: | 8 |
| Number Of Separate Electric Meters: | 10 |
| Green Energy Generation Yn: | No |
Mortgage Calculator
Copyright 2026 My Florida Regional MLS DBA Stellar MLS. All rights reserved. Information deemed reliable but is not guaranteed. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of My Florida Regional MLS DBA Stellar MLS. Real estate listings held by brokerage firms other than the owner of this page include the name of the listing broker. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This site will be monitored for 'scraping' and any use of search facilities of data on the site other than by a consumer looking to purchase real estate is prohibited. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on October 08, 2026 06:25 PM - ET
Based on information submitted to the MLS GRID as of October 08, 2026 06:25 PM - ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some listings have been excluded from this website.
IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
Property Last Updated: October 08, 2026 06:25 PM - ET
