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422 E Citrus Ave - 422 E. Citrus Ave, Eustis FL 32726 4 Unit Apartment Building Offered at $665,420 CAD at a 6.74% Cap Rate Eustis, FL 32726
Executive Summary
ATTENTION LANDLORDS & INVESTORS: QUAD-PLEX APARTMENT BUILDING FOR SALE IN EUSTIS, FL 32726. Located in the historic district of Eustis and just (3) Blocks from downtown. Currently delivering a 6.74% CAP Rate with Additional Revenue Potential. $47,220.00 Gross Revenue. $33,049.00 Net Operating Income. 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 per unit. All units are in good operating condition! 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 only. FULL FINANCIALS, PROPERTY PROFILE, RENT ROLLS, EXPENSES, FLOOR PLAN, SURVEY, ETC., ARE AVAILABLE TO QUALIFIED BUYERS.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$64,125
|
$20.01
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$64,125
|
$20.01
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$19,244
|
$6.00
|
| Net Operating Income |
$44,881
|
$14.00
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $64,125 |
| Annual Per SF | $20.01 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $64,125 |
| Annual Per SF | $20.01 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $19,244 |
| Annual Per SF | $6.00 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $44,881 |
| Annual Per SF | $14.00 |
Property Facts
| Price | $665,420 CAD | Property Type | Multifamily |
| Price Per Unit | $166,355 CAD | Building Size | 3,205 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 6.74% | No. Stories | 2 |
| No. Units | 4 | Year Built | 1884 |
| Zoning | SR - Zoned for Multi-family | ||
| Price | $665,420 CAD |
| Price Per Unit | $166,355 CAD |
| Sale Type | Investment |
| Cap Rate | 6.74% |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 3,205 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1884 |
| Zoning | SR - Zoned for Multi-family |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,222 CAD | 485 |
| 1+1 | 2 | $1,270 CAD | 584 |
| 2+1 | 3 | $1,630 CAD | 1,128 |
| 1+1 | 4 | $1,222 CAD | 702 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 11-19-26-0100-076-00401 | Improvements Assessment | $234,115 CAD (2026) |
| Land Assessment | $44,707 CAD (2026) | Total Assessment | $278,822 CAD (2026) |
Property Taxes
Parcel Number
11-19-26-0100-076-00401
Land Assessment
$44,707 CAD (2026)
Improvements Assessment
$234,115 CAD (2026)
Total Assessment
$278,822 CAD (2026)
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Presented by
Rock Springs Realty, LLC
422 E Citrus Ave - 422 E. Citrus Ave, Eustis FL 32726
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