$329,000

00-00 Pennsylvania Ave Crystal River, FL 34429

Estimated payment $1,930/month

Total Views 798
-- Bed
-- Bath
3,059 Sq Ft
$108 Price per Sq Ft

Highlights

  • Hot Property
  • RV Access or Parking
  • No HOA
  • Built in 1958 | Newly Remodeled
  • Corner Lot
  • Cooling System Mounted To A Wall/Window

About This Home

CASH COW! Four-Plex w/bonus attached bay-loading warehouse is an investor's "no-brainer"! Zoned GNC & owned for 24 years by seller soon turning 85. He's reluctant to sell but must, due to his age. Built structurally like a cold-war era bunker, this jewel of a money-maker is virtually indestructable! Fully rented w/long-time loyal renters in place. Keep status quo or easily convert this to an Air B&B/Vacation rental for up to four-times the current income! Seller upgraded electric after purchase to 450 amp service w/ 3 separate meters. Also upgraded septic, well & plumbing. Installed cable/internet & Central HVAC, all for the first time. Each of four residential units rent fully-furnished w/all utilities incl.: Electric, water, high speed broadband wi-fi internet, trash & lawn maintenance. BUT WAIT-THERE'S MORE! Attached Bay-loading Warehouse w/ Carport has been utilized for seller's storage use only & never been rented: Rent this as 5th (storage) unit & increase your profit-margin! Three (3) steel sheds; Plenty of parking for tenants on 3 sides of building. Minutes to Kings Bay, Downtown Crystal River, Three Sisters Springs, shopping, restaurants, new shooting range. Only 5 minutes to/from newest Suncoast Pkwy Interchange at Hwy. 486 for commute to Tampa, Clearwater beaches & south. Never flooded and 0 wind damage in 24 yrs. PROSPECTUS PKG. available. CONFIDENTIAL. Cash or Conventional only

Listing Agent

Andrea Migliaccio

Tropic Shores Realty License #3247323 Listed on: 12/02/2025

Tropic Shores Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,459

Year Built

  • Built in 1958 | Newly Remodeled

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 150x100
  • Property fronts a county road
  • Landscaped
  • Corner Lot
  • Rectangular Lot

Home Design

  • Quadruplex
  • Block Foundation
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 3,059 Sq Ft Home
  • 1-Story Property
  • Single Hung Windows
  • Casement Windows
  • French Doors
  • Fire and Smoke Detector
  • Stacked Washer and Dryer

Kitchen

  • Electric Oven
  • Electric Range

Flooring

  • Carpet
  • Terrazzo
  • Travertine
  • Vinyl

Parking

  • Gravel Driveway
  • RV Access or Parking

Outdoor Features

  • Shed

Schools

  • Crystal River Primary Elementary School
  • Crystal River Middle School
  • Crystal River High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Multiple Heating Units
  • Heat Pump System
  • Well
  • Septic Tank
  • Shared Septic
  • High Speed Internet

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Citrus Acres Subdivision

Building Details

  • Insurance Expense $1,900
  • Utility Expense $5,200
  • Operating Expense $10,556
  • Gross Income $52,800
  • Net Operating Income $42,244

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,459

Year Built

Built in 1958 | Newly Remodeled

Lot Details

0

Listing Details

  • Architectural Style: Ranch, One Story, Fourplex
  • CapRate: 0.13
  • Directions: Directions provided at time of appointment in order to maintain tenants' current level of privacy.
  • Unit Levels: One
  • Lot Size Acres: 0.34
  • Lot Size: 150x100
  • New Construction: No
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Prop. Type: Residential Income
  • Road Frontage Type: County Road
  • Building Stories: 1
  • Subdivision Name: Citrus Acres
  • Year Built: 1958
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dryer, Washer/Dryer Stacked, Electric Oven, Electric Range, Refrigerator, Washer
  • Door Features: French Doors
  • Flooring: Carpet, Terrazzo, Tile, Travertine, Vinyl
  • Interior Amenities: French Door(s)/Atrium Door(s), First Floor Entry
  • Living Area: 3059.0
  • Window Features: Casement Window(s), Single Hung

Exterior Features

  • Construction Type: Stucco
  • Exterior Features: Landscaping, Gravel Driveway
  • Foundation Details: Block, Slab
  • Lot Features: Corner Lot, Rectangular
  • Other Structures: Shed(s)
  • Pool Features: None
  • Property Condition: New Construction
  • Roof: Asphalt, Shingle
  • Waterfront: No

Garage/Parking

  • Parking Features: Driveway, Gravel, RV Access/Parking

Utilities

  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric, Heat Pump, Multiple Heating Units
  • Heating Yn: Yes
  • Laundry Features: Stacked
  • Security: Smoke Detector(s)
  • Sewer: Shared Septic, Septic Tank
  • Utilities: High Speed Internet Available
  • Annual Utilities Expense: 5200.0
  • Water Source: Well

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Schools

  • Elementary School: Crystal River Primary
  • High School: Crystal River High
  • Middle Or Junior School: Crystal River Middle

Lot Info

  • Lot Size Sq Ft: 15000.0
  • Zoning: GNC

Multi Family

  • Annual Gross Income: 52800.0
  • Insurance Expense: 1900.0
  • Property Net Operating Income: 42244.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 10556.0

Tax Info

  • Tax Annual Amount: 2459.0
  • Tax Year: 2025

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2025 12/02/25 For Sale $329,000 -- $108 / Sq Ft
Source: REALTORS® Association of Citrus County

About the Listing Agent

Andrea Migliaccio
Andrea Migliaccio

Tropic Shores Realty

(352) 403-0274

Section Image

Andrea has nearly 30 years of experience representing investors buying and selling income-producing Multi-family Income, Hospitality (Restaurants) Commercial properties and Vacant land; as well as Equestrian ranches and Agricultural (smaller 25 or less acres Hobby Farms).
Andrea is also an award-winning, 15-multi-million-dollar-producer residential REALTOR. If you are relocating to the area, Andrea is also your best resource in finding your new home. She has residential specialties in

View Andrea's Profile

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Source: REALTORS® Association of Citrus County

MLS Number: 850325

REALTORS® Association of Citrus County
Florida Citrus County Crystal River 34429

00-00 Pennsylvania Ave, Crystal River, FL

For Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTORS® Association of Citrus County IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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Andrea Migliaccio
Andrea Migliaccio
Listing Agent Section Image
Tropic Shores Realty
(352) 403-0274