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.*
62 days
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56
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6
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Zillow last checked:
Listing updated:
Listed by:
John Telford407-492-9954,
Keller Williams Cornerstone RE
Source: Realtors Association of Citrus County,MLS#: 855261Originating MLS: Realtors Association of Citrus County
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 2
Bathrooms: 2
Heating
Central, Electric
Cooling
Central Air, Electric
Appliances
Included: Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Refrigerator
Features
Flooring: Luxury Vinyl Plank
Interior area
Total structure area: 1,798
Total interior livable area: 1,750 sqft
Property
Parking
Parking features: Concrete, Driveway, Private
Has uncovered spaces: Yes
Features
Levels: One
Stories: 1
Exterior features: Concrete Driveway
Pool features: None
Lot
Size: 10,018 Square Feet
Features: Cleared, Flat, Rectangular
Details
Parcel number: 1222028
Zoning: PDR
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: One Story,Duplex
Property subtype: Duplex, Multi Family, Multi Family
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Source: Realtors Association of Citrus County. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.