Lake County Homes with Quadruplex Property Style

Lake County Homes with Quadruplex Property Style

Welcome to Lake County, Florida, a hidden gem nestled in the heart of the Sunshine State. Known for its stunning lakes, charming small towns, and picturesque landscapes, Lake County offers a serene escape from the hustle and bustle of city life while still providing easy access to urban amenities. With its rich history and vibrant community spirit, this county is perfect for those seeking a tranquil lifestyle infused with outdoor adventures.

One of the most appealing aspects of Lake County is its diverse real estate market, including the increasingly popular quadruplex property style. Quadruplex homes are a fantastic investment opportunity, allowing homeowners to enjoy multiple rental incomes while living in one unit. These properties typically feature four separate living units, each with its own entrance, kitchen, and bathroom, offering both privacy and convenience.

Imagine the possibilities! Whether you're looking to invest in rental properties or seeking a multi-generational living arrangement, quadruplex homes in Lake County provide the flexibility and potential for significant returns. With the area's growing population and demand for rental housing, now is the perfect time to explore the benefits of owning a quadruplex in this charming locale.

Surrounded by beautiful lakes, parks, and recreational areas, Lake County is ideal for outdoor enthusiasts. Residents can enjoy fishing, boating, hiking, and biking, all while basking in the warm Florida sunshine. With its friendly communities, excellent schools, and abundance of amenities, Lake County is not just a place to live; it’s a place to thrive. Discover your dream quadruplex property today and embrace the vibrant lifestyle that Lake County has to offer!

Newest Lake County Homes with Quadruplex Property Style

422 & 426 E Citrus Avenue, Eustis
$939,800
13 Beds ⋅ 8 Baths ⋅ Eustis SubDv. ⋅ 32726 Zip Code
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, and provides a blended 6.925% 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-BathUnits. 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.

422 & 426 E Citrus Avenue, Eustis

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