Commercial property in Eustis, Florida 4 bedrooms, 214.05 sq.m. № 1835348

Property description

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.