5010, 5040, 5080, & 5120 S BARKER POINT, Lecanto, Florida, 34461

Listed by KELLER WILLIAMS REALTY - ELITE PARTNERS II, Louis Newman, 352-870-4622, l.newman@kw.com
$650,000
3,880 Sqft
2.29 Acres
0 ba
#OM730607
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

  • Water Access : 0
  • Sewer : Septic Tank
  • Road Surface Type : Dirt
  • Property Condition : Completed
  • Zoning : RURMH
  • Cooling : Central Air, Mini-Split Unit(s), Wall/Window Unit(s)
  • Construction Materials : Metal Siding, Frame
PROPERTY DETAILS
ID: OM730607
Status: Active
Price: $650,000
Acres: 2.29 Acres
Price Per Acre: $283,843
Type: Other
Address: 5010, 5040, 5080, & 5120 S BARKER POINT
City, State: Lecanto, Florida
County: Citrus
Zip Code: 34461
Lat/Long: 28.789594, -82.490413
Presented By: Louis Newman
Phone: 352-870-4622
Email: Click to Contact
Agent
Louis Newman