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1259 Elmwood Drive, Inverness, FL 34450
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1259 Elmwood Drive
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Would you like to sell your home before you purchase this one?
Priced at Only: $1,500,000
For more Information Call:
Address: 1259 Elmwood Drive, Inverness, FL 34450
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More Like This
  • MLS#: 2255964 ( Commercial Sale )
  • Street Address: 1259 Elmwood Drive
  • Viewed: 3
  • Price: $1,500,000
  • Price sqft: $278
  • Waterfront: No
  • Year Built: 1970
  • Bldg sqft: 5400
  • Total Baths: 12
  • Additional Information
  • Geolocation: 29 / -82
  • County: CITRUS
  • City: Inverness
  • Zipcode: 34450
  • Subdivision: Not In Hernando
  • Provided by: Tropic Shores Realty LLC
  • Hernando County Association of REALTORS®
  • DMCA Notice
  • 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!
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Features
Building and Construction
  • Roof: Metal
Land Information
  • Lot Features: Other
Garage and Parking
  • Parking Features: Assigned
Eco-Communities
  • Water Source: Shared Well
Utilities
  • Sewer: Septic Tank
  • Utilities: Electricity Connected
Finance and Tax Information
  • Tax Year: 2024
Other Features
  • Zoning Code: Other
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$1,400,000.00 ($412.25 / sqft )

104 Us Hwy 41 S More Like This

This is your chance to own a thriving restaurant in the heart of historic Inverness, FL! Located on busy Highway 41, just one block from Courthouse Square, this well established business has been a co

  1. Request Information
  1. Baths: 2
  2. Approx. 3396 sqft
  1. MLSID: 2250330
  2. Provided by Keller Williams-Elite Partners
  3. Hernando County Association of REALTORS®
  4. DMCA Notice
38 Pictures and Information
Nearby Subdivisions
City Of Inverness   Not In Hernando  
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Headshot for Associate Sandra Grenier
  1. Sandra Grenier
  2. Tropic Shores Realty
  3. Mobile: 813.690.4125
  4. Mobile: 813.690.4125
  5. Fax: 352.726.3490
  6. sandra@onthemovecitrus.com