$10,000

closing credit¹

1016 E Lemon St Tarpon Springs, FL 34689

$899,000
8 beds
4 full
3,120 sqft
0.3 acres
$288 / sqft
Multi-Family

Property details

About 1016 E Lemon St

Turn-Key Opportunity in Tarpon Springs! Great occupancy and already has bookings until March 2025! Your opportunity to own a successful, well-appointed and meticulously cared for opportunity, that has been generating consistent revenue since 2015. Thinking about investing, then this could be a prime opportunity for you or to expand your portfolio! This property benefits from 4 Units, each consisting of a 2 Bedroom, 1 Bathroom Floorplan, that equates to 8 Total Bedrooms and 4 Bathrooms. Located just off the US-19, in the heart of Tarpon Springs, with accessibility to the Sponge Docks, local amenities, hospitals, shopping, restaurants and within a 50-minute journey to Tampa, including the Tampa International Airport, this location is exceptional for the transient rental market. The exterior of the property welcomes the guests with a courtyard feel, palm trees and the beachy tones of the aqua paint, immediately creating that vacation vibe as you arrive. With ample parking, you can arrive, unpack and enjoy! Even if your guests are not staying in one of the four apartments available, then this property benefits from having not one, but three RV parking areas, with access to electric and water hook-ups on 2 spaces and dry camping spot, which provides for an extra revenue opportunity! The (4), 2 bedroom and 1-bathroom apartments are elegantly furnished and decorated, maintained to a high standard and offer a welcoming experience to the guests who visit. The kitchens, with the granite style worktops, mahogany style cabinets provide a great back drop for your guests to enjoy their morning breakfast and beverage before heading off to enjoy their daily activity! At the end of the day, they can return to the comfort of the spacious living areas, kick off their shoes and relax, or why not enjoy a BBQ outside! The tiled floors in the apartments provide for an easy to maintain environment. On that note, did I mention that the current Cleaning Team would be willing to stay on with the new Owner and keep those apartments sparkling! With newer roofs, Electrical and Plumbing updates, the current Owner has invested in ensuring this property has the best opportunity for success! The current owner is committed to the success of the future owner and is providing the opportunity of a 30-day coaching, post-closing to assist in continued success, along with conveying the website, systems and existing bookings to the new owner. Call today to schedule your tour!

Highlights

Home typeQuadruplex
HeatingCentral, Electric
StatusSale Pending
(Pending)
CoolingCentral Air, Electric
Size3,120 sqft
Lot size0.29 Acres
Year built1980
MLS #2241053

Summary

  • MLS Number: 2241053
  • MLS Name: Hernando County Association of REALTORS®
  • Office Name: Dennis Realty & Investment Corp.

IDX The information contained herein has been provided by by Hernando County Association of REALTORS®. This information is from sources deemed reliable but not guaranteed. The information is for consumers' personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. The information contained in this web site is believed to be reliable and while every effort is made to assure that the information is as accurate as possible, the owner of this site disclaims any implied warranty or representation about it's accuracy, completeness or appropriateness for any particular purpose. This includes but is not limited to information provided by any third party which is accessed through this site via a hyperlink. Those persons who access this information assume full responsibility for the use of said information and understand and agree that the owner of this site named above not responsible or liable for any claim, loss or damage arising from the use of any information contained in this site. Any reference to specific products, companies or services does not necessarily constitute or imply recommendation or endorsement by the owner of this site.

Copyright © 2025 Hernando County Association of REALTORS®
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/31/2025, 10:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$899,000

1016 E Lemon St

$10,000

closing credit¹

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0.5% sale price²

Price information

Property sales

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Tax history

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Nearby schools

10

Tarpon Springs Fundamental Ele

Public Magnet KG-5

0.8 mi

400 E Harrison St

6

Tarpon Springs Elementary

Public District PK-5

0.9 mi

555 Pine St

8

Sunset Hills Elementary

Public District PK-5

2.2 mi

1347 Gulf Rd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $51,645. The majority of Tarpon Springs, FL residents have income between $35k-100k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.

How much money do the neighbors make?

31%
<35k
46%
35k-100k
20%
100k-200k
3%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

48%
Single, No Kids
8%
Single, with Kids
33%
Married, No Kids
11%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

8%
<11 yrs old
6%
12-17 yrs old
13%
18-34 yrs old
51%
35-64 yrs old
22%
65+ yrs old

What do the neighbors do for fun?

  • Hiking/backpackingHiking/backpacking
  • Figure SkatingFigure Skating
  • Horse RacesHorse Races

Where do the neighbors shop?

  • Nordstrom RackNordstrom Rack
  • Chico'sChico's
  • Stein MartStein Mart

Where do the neighbors go to eat?

  • ChipotleChipotle
  • Bob EvansBob Evans
  • LongHorn SteakhouseLongHorn Steakhouse

What do the neighbors drive?

  • MazdaMazda
  • OldsmobileOldsmobile
  • BuickBuick

What do the neighbors listen to?

  • RockRock
  • NewsNews
  • Contemporary InspirationalContemporary Inspirational
All data provided by Home Junction and Claritas

This home is located at 1016 E Lemon St in Tarpon Springs, FL and zip code 34689 in the Lake Tarpon Community neighborhood. This 3,120 square foot home, which was built in 1980, sits on a 0.29 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 2, 2024 and is currently priced at $899,000.

In December 2024 more than 5 listings in Tarpon Springs, FL were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 37 were sold below. In December 2024 in Tarpon Springs, FL there were 0.9% more homes for sale than in November. Listings spent 93 days on the market in December 2024, and had a median list price of $450,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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