CENTURY 21 Edge
✦ Multi Family (5+)

Commercial Sale · Multi Family (5+)

$650,0003,880 sq ft$168 /sq ft2.29 acres4 units9.77% cap

5010, 5040, 5080, & 5120 S BARKER POINT, LECANTO, FL, 34461

Active56 days on marketListed Aug 17, 2026MLS #OM730607

About this property

The property at a glance

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.?

3,880

Building sq ft

$168

Price / sq ft

2.29

Lot acres

1982

Year built

4

Units

4

Buildings

RURMH

Zoning

Multi Family (5+)

Property type

Building size3,880 sq ft
Lot size2.29 acres
Year built1982
Units4
Buildings4
ZoningRURMH
ParkingOver 30 Spaces
ConstructionMetal Siding · Wood Frame
CoolingCentral Air · Mini-Split Unit(s) · Wall/Window Unit(s)
Annual taxes$4,776

The numbers

Investment snapshot

9.77%

Cap rate

$63,555

Net operating income

$72,480

Gross income (yr)

$162,500

Price / unit

4

Units

Estimated payment (illustrative)

Down payment25% · $162,500
Interest rate6.00%
Loan term

Estimated payment

$3,481/mo

Principal & interest$2,923
Property taxes (actual bill)$398
Est. insurance$160

Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.

Financing

Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Anthony to connect you with a commercial lender for real numbers.

Where it sits

Location & trade area

5-min drive10-min drive15-min drive

The area

Who's around this property

13,289

Population

$60,795

Median income

54.8

Median age

2.47

Avg household

$287,200

Median home value

$1,190/mo

Median rent

979

Households w/ kids

Your team

The pros in your corner

Anthony Richardson

Your agent

Anthony Richardson

REALTOR® · CENTURY 21 Edge

Tours, offers, and every question about 5010 — start here.

CallText
anthony.richardson@c21edge.com
Andrew Acosta

Financing contact

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Ask about commercial financing options for 5010.

Get in touchCall
aacosta@prmg.net

See it in person

Schedule a tour

Live availability from Anthony's calendar — pick a time and it's booked.

Keep looking

Similar properties nearby

5010, 5040, 5080 & 5120 S Barker POINT

$650,000

5010, 5040, 5080 & 5120 S Barker POINT, LECANTO

Mixed Use

Listing courtesy of KELLER WILLIAMS REALTY - ELITE PARTNERS II · Louis Newman. MLS #OM730607.

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.

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