$206,000
24740/2472 E HWY 316 24740/24724, Salt Springs, FL 32134
Metes & Bounds
- Price
- $206,000
- Beds / Baths
- 1 / 1
- Living area
- 924 sqft
- Year built
- 1953
- Type
- Residential
- Lot
- 0.75 ac
- Garage
- 0
- HOA
- None
- CDD
- No
- Flood zone
- Unknown
- County
- Marion
- Days on market
- 24
- Elementary
- Fort Mccoy
- Middle
- Fort Mccoy
- High school
- North Marion
INVESTOR'S DREAM IN SALT SPRINGS! Two tenant-occupied homes on ONE parcel, offering an excellent opportunity for immediate rental income and future potential! Located at 24724 & 24740 E Hwy 316, each home features 1 bedroom, 1 bathroom, central heat and air, a durable metal roof, washer/dryer; screened porch. The larger, cream-colored home at *24724 E Hwy 316 offers approximately **624 sq. ft.** and features a covered carport. The brown home at **24740 E Hwy 316 offers approximately 560 sq. ft. and includes a separate laundry room. Additional property features include a circular driveway, two storage sheds, and a shared pole barn with a concrete slab providing additional covered parking and storage space. In 2010 a game room and porch was rebuilt. Both homes are currently rented at approximately $700-$800 per home, giving an investor the opportunity to step into an established rental property. **TWO HOMES. ONE PARCEL. EXISTING TENANTS. INCOME POTENTIAL.** 24 Hour Notice REQUIRED
What to check on this one
- Verify both roofs are metal and inspect 2010 game room/porch rebuild permits and workmanship.
- Confirm flood zone designation via FEMA map; Salt Springs area may have elevation risks.
- Pull septic system records for each dwelling; confirm two separate systems or shared capacity.
- Review both rental leases, tenant payment history, and 24-hour notice enforcement compliance.
- Get structural engineer assessment of pole barn concrete slab condition and load limits.
- Confirm title shows two dwellings on one parcel; verify property tax treatment and zoning.
Flagged from the listing itself — not an inspection, and no substitute for one. Bring these to the showing.
What this home really costs per month
Loan $164,800 at 6.75% · 30 yr
Not a loan quote. Rate, insurance, and tax are stated assumptions — a lender and an insurance agent give real numbers. Homestead exemption lowers taxes after you file.
Listing courtesy of DUCK REALTY INC. Data via realMLS (Northeast Florida MLS), updated Aug 17, 2026, 9:28 PM.
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. Information is deemed reliable but not guaranteed.