FL
Citrus
Inverness
34450
1259 S Elmwood Drive
1259 S Elmwood Drive, Inverness, FL 34450
Share Listing
Listing Type
Condo/Townhome
Listing Status
Active
10
$1,200,000

Home Details for 1259 S Elmwood Drive

Price
$1,200,000
Type
Residential Income
Square feet
5616
Year built
1970
Lot size acres
0.66
County
Citrus
MLS Listing#
852723
Property 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 Features
  • Waterfront and Water Access
    • Waterfront
  • Cooling Information
    • Central Air
  • Parking
    • Assigned
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EXIT RIVERSIDE REALTY
20156 E. Pennsylvania Ave, Dunnellon, FL 34432
Tracy DeVoe
License #: 3604722
Sales Representative
Office
352 462 7170
Agent
352 212 5554
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