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426 E Citrus Ave 4 Unit Apartment Building $490,000 ($122,500/Unit) 6.54% Cap Rate Eustis, FL 32726
Executive Summary
ATTENTION LANDLORDS & INVESTORS: QUAD-PLEX APARTMENT BUILDING, PLUS (4) STORAGE RENTAL UNITS FOR SALE IN EUSTIS, FL 32726. Located in the historic district of Eustis and just (3) Blocks from downtown. Currently delivering a 6.16% CAP Rate with Additional Revenue Potential. 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, Bonus/Bedroom#2, Rear Porch. (2) Dedicated Parking Spaces. All units were fully remodeled and updated in 2019. The property also includes a detached (4-unit) rental storage building with roll-up doors that generates $500.00 in monthly income. 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 Agent. ALSO, the Quad-Plex next door is also listed for sale (422 E. Citrus Ave.)
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $490,000 | Building Class | C |
| Price Per Unit | $122,500 | Lot Size | 0.62 AC |
| Sale Type | Investment | Building Size | 2,592 SF |
| Cap Rate | 6.54% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Parking Ratio | 12.35/1,000 SF |
| Apartment Style | Single-Family Home | ||
| Zoning | SR - Multi Family, 5 Units or less (0800) | ||
| Price | $490,000 |
| Price Per Unit | $122,500 |
| Sale Type | Investment |
| Cap Rate | 6.54% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 2,592 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1925 |
| Parking Ratio | 12.35/1,000 SF |
| Zoning | SR - Multi Family, 5 Units or less (0800) |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Tub/Shower
- Carpet
- Family Room
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Total Assessment | $396,470 (2026) | |
| Land Assessment | $69,632 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $326,838 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$69,632 (2026)
Improvements Assessment
$326,838 (2026)
Total Assessment
$396,470 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
426 E Citrus Ave