Well-maintained duplexQuiet multi-family-zoned street
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, the property features two 2-bedroom, 2-bathroom units, each offering approximately 875 square feet of living space. One unit is currently occupied by a long-term tenant on a month-to-month lease, providing immediate cash flow while preserving flexibility for future rent adjustments. The other unit is vacant to allow for easy showings while the property is for sale 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 (9261 N Peachtree Way) for sale. 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. Opportunities to acquire clean, fully occupied duplexes with upside potential in growing Citrus County are becoming increasingly difficult to find.
59 days
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91
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9
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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#: 855259Originating 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
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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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