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Listed by Ron Valure Tropic Shores Realty LLC
$1,500,000
Est. payment /mo
12 Baths
5,400 SqFt
Active
1259 S ELMWOOD Drive Inverness, FL 34450
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,400 sqft
Price per Sqft $277
Subdivision Not In Hernando
MLS Listing ID 2255964
Year Built 1970
Annual Tax Amount $7,190
Tax Year 2024
Lot Size 0.659 Acres
Acres 0.66
Property Sub-Type Mixed Use
Source Hernando County Association of REALTORS®
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!
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!
Location
State FL
County Citrus
Community Not In Hernando
Zoning Other
Direction US41 TO 44/55 TO S. ELMWOOD
Exterior
Exterior Feature ExteriorFeatures
Parking Features Assigned
Utilities Available Electricity Connected
View Y/N No
Roof Type Metal
Building
Lot Description Other
Water Shared Well
Others
Senior Community No
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