Property
Beds
4
Full Baths
None
1/2 Baths
None
Year Built
2008
Sq.Footage
1,750
Investor Opportunity in Growing Citrus Springs! Fully leased and producing income from day one, this well-maintained duplex offers the combination investors are looking for: stable tenancy, low maintenance, and upside potential. Built in 2008 and showing exceptionally well for its age, the property features two 2-bedroom, 2-bathroom units, each offering approximately 875 square feet of living space. Both units are currently occupied by long-term tenants on month-to-month leases, providing immediate cash flow while preserving flexibility for future rent adjustments. Current rents are $1,115 per month per unit, with market rents in the area supporting approximately $1,200 to $1,250 per month or greater, creating an attractive value-add opportunity without the need for major renovations. Separate electric and water meters allow tenants to pay all utilities, helping keep operating expenses low and predictable. Situated on a quiet multi-family-zoned street in Citrus Springs, this property benefits from strong rental demand driven by continued population growth and housing shortages throughout Citrus County. The county's population has grown significantly in recent years as buyers and renters seek more affordable alternatives to Florida's larger metro areas. Continued migration from higher-cost states, expanding healthcare and service-sector employment, and convenient access to Tampa, Orlando, Ocala, and Gainesville continue to support both rental demand and long-term appreciation. Whether you're adding to an existing portfolio, completing a 1031 exchange, or looking for a smart house-hacking opportunity, this turnkey duplex checks all the boxes. Investors will appreciate the immediate cash flow, separately metered utilities, and rent growth potential, while owner-occupants can live in one unit and offset a substantial portion of their housing expenses with rental income from the other. For investors looking to scale more efficiently, the seller is also offering the neighboring duplex for sale (9271 N Peachtree Way). Featuring the same floor plan and a similar rental profile, this presents a rare opportunity to acquire two side-by-side income-producing assets, allowing for greater economies of scale, simplified management, and expanded cash flow potential. One unit of 9271 N Peachtree is vacant and available for showing anytime. The floor plan of that duplex is identical to this one, so you can book a showing of that unit if you want to get an idea of the floor plan. Opportunities to acquire clean, fully occupied duplexes with upside potential in growing Citrus County are becoming increasingly difficult to find. *NOTE: Interior photos displayed in this listing are from the next-door duplex (9271 N Peachtree Way also for sale from the same owner). The floor plan is identical and that unit can be shown anytime via ShowingTime.*
Features & Amenities
Interior
-
Other Interior Features
Open Floorplan, Walk-In Closet(s)
-
Total Bedrooms
4
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central, Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block, Stucco
-
Other Exterior Features
Private Entrance
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.23
-
Lot Size(square feet)
10,000
-
Property Type
Residential Income
-
Property Sub Type
Duplex
Price
-
Sales Price
$290,000
-
Tax Amount
$2,955.84
-
Sq. Footage
1,750
-
Price/SqFt
$165
HOA
-
Association
No
School District
-
Elementary School
Citrus Springs Elementar
-
Middle School
Citrus Springs Middle School
-
High School
Lecanto High School
Property Features
-
New Construction
NO
-
Foundation Details
Slab
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Septic Tank
-
Tax Lot
3
-
Water Source
Public
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Location
County
Citrus
Elementary School
Citrus Springs Elementar
Middle School
Citrus Springs Middle School
High School
Lecanto High School
Listing Courtesy of John Telford, KELLER WILLIAMS CORNERSTONE RE
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