Active

$873,000

Features:
  • 8 Bedrooms
  • 6 Bathrooms
  • 4480 sq ft
Overview
  • ID: MFRA4655392
  • Bedrooms: 8
  • Bathrooms: 6
  • Size: 4480 sq ft
Property Details
Remarks
***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***
Financial Considerations
Price:
$873,000
HOA Fee:
N/A
Tax Amount:
$9396
Price per SqFt:
$194.87
Tax Legal Description:
SYLVAN GLEN ADD PB 1 PG 26 ALL OF LTS 76 & 77 & W 150 FT OF THAT PT OF LT 93 LYING E OF NW 1ST AVE (F/K/A FRONT ST) & N OF NW 5TH ST IN SYLVAN GLENN ADD DESC IN OR BK 1001 PG 488 OR BK 2308 PG 1656 SYLVAN GLEN ADD PB 1 PG 26 ALL OF LTS 76 & 77 & W 150 FT OF THAT PT OF LT 93 LYING E OF NW 1ST AVE (F/K/A FRONT ST) & N OF NW 5TH ST IN SYLVAN GLENN ADD DESC IN OR BK 1001 PG 488 OR BK 2308 PG 1656
Exterior Features
Lot Size:
22750
Lot Features:
Corner Lot, Historic District, City Limits, Oversized Lot, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
8
Bathrooms:
6
Heating:
Central
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
Ceramic Tile
Levels:
N/A
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1973
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Outdoor Grill
Additional Features 2:
N/A
Map
  • Address
    75 NW 5TH ST
Contact a Professional
Why Choose Us?
  • Communication and Transparency
  • Skilled Negotiation
  • Robust Professional Network
  • After-Sale Support
Featured Properties

Related Properties

avt
Daniel Dourado
$ 1,700,000
avt
Daniel Dourado
$ 1,299,000
avt
Daniel Dourado
$ 825,000
avt
Daniel Dourado
$ 2,300,000
img
  • Featured
  • Active
Multi Family

1203 E DR MARTIN LUTHER KING JR BLVD

  • 0
  • 415 m²
avt
Daniel Dourado
$ 635,000
avt
Daniel Dourado
$ 4,999,000
avt
Daniel Dourado
$ 2,190,000
avt
Daniel Dourado
$ 2,500,000
avt
Daniel Dourado
$ 3,750,000
avt
Daniel Dourado
$ 4,500,000
avt
Daniel Dourado
$ 1,411,000
avt
Daniel Dourado
$ 850,000