Property Description
PRICE REDUCTION! This is a fantastic Investor Opportunity in Growing Citrus Springs and has recently been reduced in price to allow for a new roof and new HVAC should the new owner decide to replace those items! 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 also occupied by a newer tenant on a month-to-month lease as well. Current rents are $1,115 and $1,150 per month, 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.*
