CRYSTAL RIVER, FL 34428 75 NW 5TH STREET

***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***