Property Description

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.

Included Appliances

Electric Water HeaterGas Water HeaterRangeRange HoodRefrigerator

Property Details

Interior

Additional Rooms

Bonus RoomFamily RoomStorage Rooms

Appliances

Electric Water HeaterGas Water HeaterRangeRange HoodRefrigerator

Building Area Total

5797

Cooling

Central AirMini-Split Unit(s)

Flooring

CarpetCeramic TileLaminateLuxury VinylHardwood

Furnished

Unfurnished

Heating

CentralElectric

Interior Features

Built-in FeaturesCeiling Fan(s)Eating Space In KitchenKitchen/Family Room ComboLiving Room/Dining Room ComboPrimary Bedroom Main FloorPrimaryBedroom UpstairsSolid Wood CabinetsSplit BedroomThermostatWalk-In Closet(s)Window Treatments

Living Area

5203

Security Features

Smoke Detector(s)

Window Features

Aluminum FramesBlindsWindow TreatmentsWood Frames

Construction

Building Area Source

Estimated

Building Area Units

Square Feet

Construction Materials

StuccoWood FrameWood Siding

Foundation Details

CrawlspaceSlab

Levels

Multi/Split

Living Area Source

Estimated

Living Area Units

Square Feet

Number Of Units Total

8

Property Condition

Completed

Roof

MetalOtherShingle

Year Built

1925

Site & Exterior

Covered Spaces

5

Exterior Features

Awning(s)LightingSidewalkStorage

Flood Zone Code

x

Garage Dimensions

20x48

Garage Spaces

5

I D X Participation

Yes

Lot Features

City LotLandscapedLevelOversized LotSidewalk

Lot Size Acres

0.62

Lot Size Area

27084

Lot Size Dimensions

60 x 234 & 55 x 232

Lot Size Square Feet

27084

Lot Size Units

Square Feet

Number Of Lots

2

Number Of Separate Electric Meters

10

Open Parking

Yes

Other Structures

Storage

Parking Features

AssignedGround LevelGuestOpen

Patio And Porch Features

CoveredEnclosedFront PorchPatioRear PorchScreened

Public Survey Range

26E

Public Survey Section

11

Road Frontage Type

Street Paved

Road Responsibility

Public Maintained Road

Road Surface Type

PavedAsphalt

Sewer

Public Sewer

Total Acreage

1/2 to less than 1

Utilities

BB/HS Internet AvailableCable AvailableElectricity ConnectedNatural Gas ConnectedPublicSewer ConnectedWater Connected

Water Source

Public

Zoning

SR

Financials

Additional Parcels

Yes

Additional Parcels Description

11-19-26-0100-076-00403

Calculated List Price By Calculated Sq Ft

188.35

Contract Status Change Date

2026-02-17

Current Price

980000

Existing Lease Type

Gross

Feed Types

BBO

Lease Considered

Yes

Lease Term

12 Months

Minimum Lease

No Minimum

Owner Name

422 ECLLC AND 426 ECLLC

Ownership

Fee Simple

Parcel Number

111926010007600401

Public Survey Township

19S

Tax Annual Amount

7560

Tax Block

076

Tax Book Number

1-79

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 Lot

Yes

Tax Year

2025

Total Actual Rent

8110

Neighborhood & Lifestyle

Community & Association

Additional Lease Restrictions

Lease Restrictions & Requirements Provided Upon Request.

M L S Area Major

32726 - Eustis

Number Of Pets

2

Pet Restrictions

Pet Restrictions Provided Upon Request.

Pet Size

Small (16-35 Lbs.)

Pets Allowed

Breed RestrictionsNumber LimitSize LimitYes

Subdivision Name

EUSTIS

Schools

Ratings

Elementary

Eustis Elem

Middle

Eustis Middle

High

Eustis High School

Listing provided courtesy of STELLAR via IDX. Updated: Mar 26, 2026, 1:53pm.

422 & 426 E CITRUS AVENUE

422 & 426 E CITRUS AVENUE

Property Description

Property Details

Interior

Construction

Site & Exterior

Financials

Neighborhood & Lifestyle

Community & Association

Schools

Joel Bornstein

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422 & 426 E CITRUS AVENUE

422 & 426 E CITRUS AVENUE

Property Description

Property Details

Interior

Construction

Site & Exterior

Financials

Neighborhood & Lifestyle

Community & Association

Schools

Joel Bornstein