9271 N Peachtree Way
Property Description
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. Both units are currently occupied by tenants on month-to-month leases, 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 and $1,150 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.
Broker Details
Armstrong Realty & Development 352-547-1070
MLS ID: telfjo2 State License Number: 3507170
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $290,000 |
| No. of Units: | 1 |
| Year Built: | 2008 |
| Lot Size: | 1,750.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $290,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-RACCFL-855259
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