7 months on rocket

426 E Citrus Ave, Eustis, FL, 32726

$1,150,000

Home List Price

$10,000*

Closing Credit

13 Bedrooms
8 Full Baths
5,203 SqFt
$221/SqFt
House

Location

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426 E Citrus Ave, Eustis$1,150,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAssigned, Ground Level, Guest, Open
Garage5 spaces
Year Built1925
HeatingCentral, Electric
CoolingCentral Air, Zoned
MLS #G5080470
Lot Size0.62 Acres
StatusActive

About 426 E Citrus Ave

"REDUCED PRICE" - ATTENTION INVESTORS: (2) QUADPLEX BUILDINGS FOR SALE, (8) APARTMENT UNITS + (4) STORAGE UNITS KICKING OFF $95,000.00 IN ANNUAL CASH FLOW, EUSTIS, FL 32726. Located at 422 & 426 E. Citrus Avenue in the historic district of Eustis and just (3) Block from downtown, this is a "turnkey" investment opportunity, 100% occupancy, annual tenants, providing a solid 8% CAP-RATE ROI. These two separate quadplexes sits on .62 acres (115'x 232') with "NO HOA" and offer 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. NOTE: SELLER FINANCING AVAILABLE FOR A SMALL PERCENTAGE (25% +/-) OF THE PURCHASE PRICE FOR QUALIFIED BUYERS. Floor Plans & Seller Disclosures for each building & units are attached in the MLS, or available to be emailed upon request. Detailed financials are available to "Qualified Buyers" and includes full Unit Profiles, Upgrades/Improvements/Maintenance Info, Current & Past Income History, Expense Breakdown and Rental Comps Analysis for 1/1 & 2/1 rentals in the entire Eustis market which shows units could still be competitive with an additional 10%-15% rent increase on annual renewals. "EVERY BUYER" will be required to sign an NDA (non-disclose agreement) prior to receiving the actual financials. PLEASE DO NOT ENGAGE OR DISTURB ANY OF THE TENANTS. NO SIGN at the property and all inquiries are to be directed to the Listing Broker only. 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, Parcel ID#11-19-26-0100-076-00403, Alt. Key#1243122. Call for more information.

Property Details

Property Features

Property Information:

  • Architectural Style: Historic
  • Year Built: 1925
  • Living Area: 5,203 SqFt

Listing Office:

  • Office Name: ROCK SPRINGS REALTY, LLC
  • Office Phone: (877) 333-2811
  • Listing Agent: Joel Bornstein

Interior Features

Interior Information:

  • Appliances: Electric Water Heater, Range, Range Hood, Refrigerator
  • Flooring Type: Carpet, Ceramic Tile, Laminate, Luxury Vinyl, Wood
  • Interior: Built-in Features, Ceiling Fans(s), Eat-in Kitchen, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments

Bedroom and Bathroom Information:

  • Full Bathrooms: 8
  • Total Bedroom Count: 13

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Awning(s), Lighting, Sidewalk, Storage

Parking Information:

  • Garage Space: 5 spaces
  • Attached Garage: No
  • Parking: Assigned, Ground Level, Guest, Open

Virtual/3D Tour

  • Virtual Tour: 426 E Citrus Ave
Virtual Tour

Lot Features

Lot Information:

  • Lot: City Lot, Landscaped, Level, Oversized Lot, Sidewalk, Paved
  • Lot Size: 0.62 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Zoned

Other

Directions Information:

  • Directions: From Hwy 441 in Eustis, head north on S. Bay Street (19) for approximately 2 miles. Turn right onto Citrus Ave and follow down. Property will be down on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,150,000
  • Price Per SqFt: $221/SqFt

Tax Information:

  • Annual Amount: $3,203
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Eustis, FL.

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Eustis, FL

City

Med. Sold Price

$341.3K

Med. Price/SqFt

$208

Avg. Days On Market

40

# of Sold Homes

29

426 E Citrus Ave vs Eustis

232 DAYS ON ROCKET

+192 Days

$1,150,000

+$808.6K More

$221/SqFt

+$12 More

KEY TAKEAWAY

This property is $808.6K more than the Median Sold Price and $12/SqFt more than other homes in Eustis, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #G5080470

Listing Office:

  • Office Name: ROCK SPRINGS REALTY, LLC
  • Office Phone: (877) 333-2811
  • Listing Agent: Joel Bornstein

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

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.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 10:49:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 10, 2019Home Sold
$180,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,203$150,062
2019$2,440$112,651
2018$2,287$106,717
2017$2,081$97,015

History based on county public records data.

Payment Calculator

$5,807

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,514

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-468239
3
/10

  • Eustis Elementary School

  • 714 E Citrus Ave

  • 0.16 miles

  • Public District Grades PK-5

school-card-donut-468240
3
/10

  • Eustis Heights Elementary School

  • 310 W Taylor Ave

  • 0.98 miles

  • Public District Grades PK-5

school-card-donut-468241
2
/10

  • Triangle Elementary School

  • 1707 Eudora Rd

  • 2.72 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,250. The most common annual income of people living in Eustis, FL is between $35k-100k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 426 E Citrus Ave

What is the listing price of this property?

The listing price of 426 E Citrus Ave property is $1,150,000.

What type of property is this?

The property 426 E Citrus Ave is a house located in Eustis, Florida, 32726.

Is this property for sale now?

Active Listing: 426 E Citrus Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,203 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 10, 2019 for $180,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 426 E Citrus Ave has 13 bedrooms and 8 bathrooms.

What is the square footage of this property?

The property 426 E Citrus Ave is 5,203 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 426 E Citrus Ave is 1925.

Rocket Homes›Florida›Lake County›Eustis›32726›426 E Citrus Ave

This home is located at 426 E Citrus Ave in Eustis, FL and zip code 32726. This 5,203 square foot home, which was built in 1925, sits on a 0.62 acre lot. Features: 13 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since April 03, 2024 and is currently priced at $1,150,000.

Over 7 listings were sold over their listed price in October 2024 in Eustis, FL. In the same period over 18 listings were sold below the listed price and 4 listings were sold for the listed price. The number of listings in Eustis, FL decreased by 10.8% between September 2024 and October 2024. In October 2024, listings were on the market for 40 days. During the same period, the median list price in this real estate market was $341,333.

From Rocket Homes Real Estate and based on county public records data.

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