1259 Elmwood Drive, Inverness, FL 34450
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Reduced
- MLS#: 2255964 ( Commercial Sale )
- Street Address: 1259 Elmwood Drive
- Viewed: 139
- Price: $1,200,000
- Price sqft: $222
- Waterfront: No
- Year Built: 1970
- Bldg sqft: 5400
- Total Baths: 12
- Days On Market: 134
- Additional Information
- Geolocation: 29 / -82
- County: Citrus
- City: Inverness
- Zipcode: 34450
- Subdivision: Not In Hernando
- Provided by: Tropic Shores Realty LLC
- DMCA Notice
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Description***WATERFRONT GULF TO LAKE APARTMENTS IS NOW AVAILABLE FOR SALE!*** 10 completely renovated units top to bottom with 2 additional 2 bedroom units with washer/dryer hookups framed and ready to be finished for additional income if so desired. (All currently vacant due to renovations) (1) efficiency, (8) one bedroom & (1) two bedroom. These units should bring a minimum of 1000 a month and as much as 2000 mo. Current owner has spent more than 60k on the septic system, ALL NEW SYSTEM (biodegradable) About 120k completely new electrical system (sub panel per unit installed) 100k on completely new plumbing system. 50k on the new ac units with foam insulation on the roofing. 20k for new water tanks and filtration system. 200k for interior cabinets/flooring/ fixtures/appliances and painting. 20k complete outside renovations & painting. This is an excellent investment property with the right management. Possible Airbnb would bring HUGE income as boat ramp leads to chain of lakes. Come take a look!
Property Location and Similar Properties
Features
Baths Total
- 12
Close Date
- 0000-00-00
Lot Features
- Other
Parking Features
- Assigned
Property Type
- Commercial Sale
Roof
- Metal
Sewer
- Septic Tank
Tax Year
- 2024
Utilities
- Electricity Connected
Views
- 139
Water Source
- Shared Well
Year Built
- 1970
Zoning Code
- Other
