Lakefront Cottages

Multi-Family for Sale
Catylist Listing ID: 30744344
Number of Units: 9 Units
Building Size (RSF): 4,768 SF
Gross Land Area: 1.17 Acres
Sale Price: $1,674,000
Unit Price: $186,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Usable Size (USF): 1,568 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 5.81%
Last Updated: 10/9/2021

Overview / Comments

Income-producing cottages with scenic lake view! Available units include (8) 400 SF 1/1 cottages and (1) 1,568 SF 2/1 residence. New improvements include roofs, shared well, drain fields, and AC. Citrus County is beginning to have a tremendous economical and population surge and will only be affected more once the Suncoast Parkway extension is completed at the end of this year. With the influx of Northern residents taking homestead in the Community, this is an ideal time to take advantage of the staggering household inventory and provide visitors with a relaxing stay in one of Central Florida's hidden gems!

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Additional Details

Nearest MSA: Homosassa Springs
County: Citrus
Taxing Authority: Citrus County Tax Collector
Tax ID/APN: 19E18S240010 00170 0310
Zoning: CLRMH
Percent Occupied: 100%
Community Amenities: Outdoor Pool
Total Number of Buildings: 9
Property Condition: Good
Number of Stories: 1
Year Built: 1949
Year Renovated: 2008
Construction/Siding: Stucco
Parking Type: Surface
Parking Description: Unpaved, unassigned
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Evaporative Cooler, Window Unit
Zoning Description: Coastal Lake Residential-Mobile Home Allowed
Lot Frontage: 203'
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 872 9,834 24,833
Median Age: 53.33 50.51 54.31
Households: 412 4,369 11,335

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