$650,000
About this home
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 details
- MLS
- Stellar MLS
- MLS #
- MFROM730607
- Property type
- Multi-Family 5+
- Subdivision
- LEISURE ACRES UNIT 02
- Status
- Active
- Days on market
- 42
- On market date
- August 17, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 2.29 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 803
- Student:teacher ratio
- 16.7:1
- District
- CITRUS
- Enrollment
- 810
- Student:teacher ratio
- 16.5:1
- District
- CITRUS
- Enrollment
- 41
- Student:teacher ratio
- 13.7:1
- District
- CITRUS
Walkability
Blended score for LECANTO's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in LECANTO, from live MLS data.
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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated September 28, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.