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Property
Beds
4
Full Baths
None
1/2 Baths
None
Year Built
1925
Sq.Footage
2,304
ATTENTION INVESTORS: QUADPLEX APARTMENT BUILDING, PLUS (4) STORAGE RENTAL UNITS, SOLID 5.57% CAP RATE, EUSTIS, FL 32726. Located in the historic district of Eustis and just (3) Blocks from downtown. "Turnkey" investment opportunity, Generates $50,100.00 in Cash Flow and a Solid 5.57% CAP Rate with Upside, 100% occupancy 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 only.
Features & Amenities
Interior
-
Other Interior Features
Built-in Features, Walk-In Closet(s)
-
Total Bedrooms
4
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Ductless
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central, Electric
Exterior
-
Garage
Yes
-
Garage spaces
4
-
Construction Materials
Stucco, Frame
-
Other Exterior Features
Awning(s), Lighting, Storage
-
Parking
Assigned, Guest, Open
-
Patio and Porch Features
Patio, Rear Porch
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Landscaped, Level, Paved
-
Lot Size(acres)
0.32
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
Price
-
Sales Price
$575,000
-
Tax Amount
3680.0
-
Sq. Footage
2, 304
-
Price/SqFt
$249
HOA
-
Association
NO
School District
-
Elementary School
Eustis Elem
-
Middle School
Eustis Middle
-
High School
Eustis High School
Property Features
-
Foundation Details
Slab
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
4
-
Water Source
Public
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Location
County
Lake
Elementary School
Eustis Elem
Middle School
Eustis Middle
High School
Eustis High School
Listing Courtesy of Joel Bornstein , ROCK SPRINGS REALTY, LLC
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Business Coach | Executive Sales Associate | Realtor®
MichaelGraf
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