UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,750 sqft
Price per Sqft $188
Subdivision Citrus Spgs Unit 01
MLS Listing ID OM725802
Bedrooms 4
HOA Y/N No
Year Built 2008
Annual Tax Amount $2,955
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions 80x125
Property Sub-Type Duplex
Source Stellar MLS
Property Description
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.*
Location
State FL
County Citrus
Community Citrus Spgs Unit 01
Area 34434 - Dunnellon/Citrus Springs
Zoning PDR
Interior
Interior Features Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Thermostat, Walk-In Closet(s)
Heating Central, Electric
Cooling Central Air
Fireplace false
Laundry Electric Dryer Hookup, Inside, Laundry Closet, Washer Hookup
Exterior
Exterior Feature Private Entrance
Utilities Available BB/HS Internet Available, Cable Connected, Electricity Connected, Water - Multiple Meters, Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Septic Tank
Water Public
Structure Type Block,Stucco
New Construction false
Schools
Elementary Schools Citrus Springs Elementar
Middle Schools Citrus Springs Middle School
High Schools Lecanto High School
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/OM725802
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