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Crystal River,FL 34428
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,480 sqft
Price per Sqft $194
Subdivision Downtown Crystal River District
MLS Listing ID A4655392
Bedrooms 8
Year Built 1973
Annual Tax Amount $9,396
Lot Size 0.520 Acres
Property Sub-Type Multi Family
Property Description
***All Marketing PRE-Helene***Rare opportunity to acquire a solid 6-unit concrete block multifamily property located in the heart of downtown Crystal River, just steps from Kings Bay, Hunter Springs Park, and the restaurants and shops of Citrus Avenue. This prime location offers walkability, charm, and consistent long-term rental demand in one of Florida's fastest-growing coastal communities. Currently Zoned Hotel/Motel, can be converted back to Residential. Though the property did flood during Hurricane Helene, it has been professionally mitigated and is ready to be reimagined! Large spacious units each with their own private patio, shaded by gorgeous Oak trees, permanent fire pit, BBQ, communal laundry, assigned parking. The existing configuration includes 2 spacious two-bedroom/one-bath units and 4 one-bedroom/one-bath units, plus a shared laundry room. Units feature ceramic tile flooring throughout and were professionally mitigated after Hurricane Helene, offering peace of mind and durability for investors. The property spans three lots, providing future flexibility, outdoor common space, or the opportunity to add a third building of similar size (subject to approval). With CG/UC-1 zoning, this site offers long-term stability now with potential for future redevelopment. Ideally located just over an hour from Tampa/St. Pete via the new Suncoast Parkway extension, and centrally positioned near Ocala, Gainesville, The Villages, and Orlando, Crystal River continues to experience steady population and economic growth fueled by eco-tourism, retirement migration, and small-town charm. Whether you're building your rental portfolio or seeking a high-demand, low-supply downtown multifamily property, this 6-unit asset checks all the boxes. ***All Marketing PRE-Helene***
Location
State FL
County Citrus
Community Downtown Crystal River District
Area 34428 - Crystal River
Zoning CG / UC-1
Interior
Heating Central
Cooling Central Air
Flooring Ceramic Tile
Laundry Common Area,Laundry Room
Exterior
Exterior Feature Outdoor Grill
Utilities Available Water Connected
View Y/N Yes
Roof Type Shingle
Building
Lot Description Corner Lot,Historic District,City Limits,Oversized Lot,Paved
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
Special Listing Condition None