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Listing provided courtesy of ROCK SPRINGS REALTY, LLCas Distributed by MLSGrid- MLS# MFRG5108356MLS Provider

422 & 426 E CITRUS AVENUEEUSTIS, FL 32726

Multi-Family · 13 Beds · 5,203 Sq. ft. | 0.62 Acres
$980,000 Active

422 & 426 E CITRUS AVENUE Overview

Time on Site:
111 days
Visits:
0

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.

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422 & 426 E CITRUS AVENUE Facts & Features

  • Type Multi-Family
  • Sq. ft. 5,203
  • Price/Sq.ft. $188
  • Lot 0.62 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • Elementary School: Eustis Elem
  • Middle Or Junior School: Eustis Middle
  • High School: Eustis High School

Income/Expenses

  • Gross Income: 97320

Building Information

  • New Construction: No
  • Year Built: 1925

Location/Region

  • Country: US
  • County Or Parish: Lake
  • MLS Area Major: 32726 - Eustis
  • Subdivision Name: EUSTIS
  • Township: 19S

Rent/Lease Information

  • Lease Term: Twelve Months
  • Tenant Pays: Electricity

Tax Information

  • Tax Annual Amount: 7560
  • Tax Year: 2025

General Information

  • Furnished: Unfurnished
  • Listing Terms: Cash,Conventional,FHA,VA Loan
  • Ownership: Fee Simple
  • Parcel Number: 11-19-26-0100-076-00401
  • Pets Allowed: Breed Restrictions,Number Limit,Size Limit,Yes
  • Property Condition: Completed
  • Property Sub Type: Multi-Family 5+
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None
  • Zoning: SR

Interior

Parking Information

  • Garage Spaces: 5
  • Garage: Yes

Beds/Baths

  • Bathrooms Total: 8
  • Bedrooms Total: 13

Building Interior

  • Building Area Source: Estimated
  • Building Area Total: 5797
  • Building Area Units: Square Feet

General Information

  • Appliances: Electric Water Heater,Gas Water Heater,Range,Range Hood,Refrigerator
  • Cooling: Central Air,Mini-Split Unit(s)
  • Fireplace: No
  • Flooring: Carpet,Ceramic Tile,Laminate,Luxury Vinyl,Wood
  • Foundation Details: Crawlspace,Slab
  • Heating: Central,Electric
  • 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
  • Levels: Multi/Split
  • Living Area: 5203
  • Living Area Source: Estimated
  • Living Area Units: Square Feet
  • Security Features: Smoke Detector(s)
  • Spa: No
  • Window Features: Aluminum Frames,Blinds,Window Treatments,Wood Frames

Exterior

Parking Information

  • Parking Features: Assigned,Ground Level,Guest,Open

Lot Information

  • Additional Parcels Description: 11-19-26-0100-076-00403
  • Additional Parcels: Yes
  • Lot Features: City Limits,Landscaped,Level,Oversized Lot,Sidewalk,Paved
  • Lot Size Acres: 0.62
  • Lot Size Dimensions: 60x234 & 55x232
  • Lot Size Square Feet: 27084
  • Number Of Lots: 2
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Asphalt
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: No
  • Construction Materials: Stucco,Frame,Wood Siding
  • Patio And Porch Features: Covered,Enclosed,Front Porch,Patio,Rear Porch,Screened
  • Roof: Metal,Other,Shingle

General Information

  • Carport: No
  • Exterior Features: Awning(s),Lighting,Sidewalk,Storage
  • Number Of Units Total: 8
  • Other Structures: Storage
  • Pool Private: No
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available,Cable Available,Electricity Connected,Natural Gas Connected,Public,Sewer Connected,Water Connected

422 & 426 E CITRUS AVENUE Neighborhood

Community

32726 (EUSTIS) Demographics

39
Median Age
1,683
Population Density (per sq. mile)
27%
College Educated
$50,439
Estimated Median Income
5,908
Estimated Total Home Owners
3,193
Estimated Total Renters
65% / 35%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

422 & 426 E CITRUS AVENUE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

422 & 426 E CITRUS AVENUE Market Data

Based on the last 30 days in this zip code

$374,880
Average List Price
$199
Average Price per Square Foot
31
Properties Sold
108
Average Days on Market
179
Properties for Sale
Calculations provided by Reliance Network

422 & 426 E CITRUS AVENUE History

Date Event Value Agent
2/17/2026Source: My Florida Regional MLS Added to Database
February 17, 2026