JinoThomas
SQUARE FEET3,880
MLS#OM730607
STATUSActive
PROPERTY TYPECommercial - Multiple
SUBDIVISIONLEISURE ACRES
Property Description
5010, 5040, 5080 & 5120 S Barker Point in rapidly growing Citrus County, FL presents a compelling multifamily investment opportunity.? Offered at $650,000, this attractive 4-unit portfolio (five property parcels total including the well site) delivers a strong 9.78% cap rate with 100% occupancy and NOI of $63,555.? Situated on approximately 2.29 acres, the property consists of four adjacent, renovated 3-bedroom, 2-bath homes totaling 3,880 square feet.? Each residence features a durable steel roof, fenced half-acre-plus parcels, and recent updates that support tenant appeal and operational ease.? Located in an X flood zone, this income-producing asset offers investors both stability and upside through a well-maintained, fully leased portfolio.? The property is conveniently positioned just 10-15 minutes from shopping, medical offices, parks, and the Suncoast Parkway, enhancing accessibility for tenants and supporting long-term occupancy.? This is an ideal opportunity to acquire a truly turnkey residential income property with immediate cash flow in the desirable Lecanto submarket.?
Property Features
Property Type: Commercial - Multiple
Cooling: Central Air, Mini-Split Unit(s), Wall/Window Unit(s)
Lot Size: 2.29 Acres
Stories: 1.0
Taxes: $4,775
Year Built: 1982
Feature Descriptions
Days on Site: 43
Directions: From CR 491 (Lecanto Highway) turn onto S. Leisure Acres Blvd., then turn right onto W. Whippoorwill St., then turn left onto S. Bluebird Terr., then turn right onto W. Woodthrush St., then turn right onto S. Barker Pt.
Exterior: Metal Siding, Frame
Flood Zone Code: X
Foundation: Pillar/Post/Pier
Home Warranty Y/N: No
Listing Terms: Cash, Commercial Financing
Lot: Oversized Lot
Lot Dimensions: 2.29
Other Structures: Other, Storage
Ownership: Fee Simple
Parking: Over 30 Spaces
Parking Notes: Over 30 Spaces
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Sale Includes: Building(s) and Land, Furniture/Fixtures, Leases
Sewer: Septic Tank
Showing Instructions: Appointment Only, Listing Agent Must Accompany, Other, See Remarks
Special Sale Provisions: None
Units: 4
Vegetation: Wooded
Water: Well
Water Access Y/N: No
Zoning: RURMH
Listed By / Shown By
Listed By
Agency Name: KELLER WILLIAMS REALTY - ELITE PARTNERS II
Agency Contact: 352-419-0200
Shown By
Agent Name: Jino Thomas
Agent Phone: Cell: (954) 304-5755
Agency Title: Realty 100
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5010, 5040, 5080, & 5120 S Barker Point | MLS# OM730607
This commercial property located at 5010, 5040, 5080, & 5120 S Barker Point, Lecanto, FL 34461 is currently listed for sale with an asking price of $650,000. Search Lecanto real estate on jthomas.realty100.com today.