|
Presented by
Jeffrey Bodeau - The Bodeau Team |
DUPLEX – CORNER LOT – PRIME LOCATION | 0. 26 ACRES
Exceptional opportunity to acquire a 0. 26-acre corner residential lot in the growing community of Citrus Springs, featuring duplex zoning — a rare and highly desirable option for investors, builders, or end-users seeking income potential.
Surrounded by established homes and recent new construction, this property is positioned within an expanding residential pocket, reinforcing its long-term value. The corner location provides key advantages, including enhanced design flexibility, improved layout options, and easier access for construction.
The lot offers paved road access with utilities nearby, making it suitable for immediate development or a strategic hold.
Prime Location:
Conveniently located just minutes from Dunnellon, Rainbow River, and multiple freshwater springs, as well as shopping, dining, medical facilities, and major roadways connecting to nearby cities and employment centers. The community also features parks, a library, tennis courts, and the popular Withlacoochee State Trail, ideal for outdoor activities.
Investment Highlights:
Duplex zoning allows for two income-producing units on a single property — maximizing rental income, cash flow, and long-term appreciation. Ideal for investors or “house hacking” strategies (live in one unit while renting the other), with potential financing advantages such as lower down payment options compared to traditional investment properties.
With continued area growth and ongoing development, this property presents a strong opportunity to build now or secure land with excellent future upside.
A rare combination of location, flexibility, and income potential in one of Florida’s fastest-growing communities.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$50,000
Luxury Properties Specialists
William Raveis Real Estate
Phone: 860.463.9296
Jeffrey.Bodeau@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.463.1745
Russell.Baboff@raveis.com
NMLS Mortgage Loan Originator ID 1014636
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $40,000 | $40,000 | $40,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.750% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.760% | 6.902% | 6.098% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $246 | $259 | $335 |
| Total Monthly Payment | $321 | $334 | $410 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.