75 NW 5TH STREET

CRYSTAL RIVER, FL 34428

Under contract-accepting backup offers. ***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***

Listing courtesy of AMY ROBINSON REAL ESTATE LLC 9419282044



Listing information is provided by Participants of the Stellar MLS. 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. Properties displayed may be listed or sold by various participants in the MLS Copyright 2025, Stellar MLS.
Last checked: 2025-07-01 01:18 PM EDT