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About This Home
This 0-bedroom, 12-bathroom commercial at 1259 S ELMWOOD Drive in Inverness, FL is listed for $1,200,000 ($222 per sqft). Built in 1970, the home offers 5,400 sqft of living space on a 0.66 acres lot.
***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!
Key Features
- Built in 1970
- 0.66 acre lot
- 2 stories
- Waterfront
Property Details
Amenities
Monthly Cost Estimate
$6,418/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1259 S ELMWOOD Drive
Inverness, FL 34450
Not In Hernando
Property Details
Construction
Parking
Questions & Answers
This 0-bedroom, 12-bathroom commercial at 1259 S ELMWOOD Drive is listed at $1,200,000 ($222/sqft). The estimated monthly payment is $5,200 based on 20% down at 6.5% interest.
Key features include: Built in 1970, 0.66 acre lot, 2 stories, Waterfront.
This property is listed by Ron Valure and can be reached at 3526847371 or ron.valure@gmail.com.
