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1259 Elmwood DriveListing photo id 1 for 1259 Elmwood Drive Listing photo id 2 for 1259 Elmwood Drive Listing photo id 3 for 1259 Elmwood Drive Listing photo id 4 for 1259 Elmwood Drive Listing photo id 5 for 1259 Elmwood Drive Listing photo id 6 for 1259 Elmwood Drive Listing photo id 7 for 1259 Elmwood Drive Listing photo id 8 for 1259 Elmwood Drive Listing photo id 9 for 1259 Elmwood Drive Listing photo id 10 for 1259 Elmwood Drive
  • MLS#: 852723 ( ResidentialIncome )
  • Street Address: 1259 Elmwood Drive
  • Viewed: 6
  • Price: $1,200,000
  • Price sqft: $214
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: Waterfront
  • Year Built: 1970
  • Bldg sqft: 5616
  • Days On Market: 2
  • Additional Information
  • County: CITRUS
  • City: Inverness
  • Zipcode: 34450
  • Subdivision: Hickory Hill Retreats
  • Provided by: Tropic Shores Realty LLC
  • REALTOR® Association of Citrus County
  • 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!
Property Features
Possible Terms
  1. Cash
  2. Conventional
Waterfront Description
  1. Waterfront
Appliances
  1. ElectricCooktop
  2. Refrigerator
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. CentralAir
Covered Spaces
  1. 0.00
Flooring
  1. LuxuryVinylPlank
Garage Spaces
  1. 0.00
Insurance Expense
  1. 0.00
Legal Description
  1. HICKORY HILL RETS UNIT 2 PB 3 PG 75 LOTS 5 6 & 7 BLK 4
Living Area
  1. 5616.00
Lot Features
  1. Cleared
Area Major
  1. 02
Net Operating Income
  1. 0.00
Occupant Type
  1. Vacant
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 1738636
Parking Features
  1. Assigned
Pet Deposit
  1. 0.00
Pool Features
  1. None
Possession
  1. Closing
Property Condition
  1. NewConstruction
Property Type
  1. ResidentialIncome
Road Frontage Type
  1. CountyRoad
Roof
  1. Metal
Security Deposit
  1. 0.00
Sewer
  1. PublicSewer
Style
  1. MultiLevel
Tax Year
  1. 2025
The Range
  1. 0.00
Trash Expense
  1. 0.00
Year Built
  1. 1970
Zoning Code
  1. A1
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Tropic Shores Realty - Spring Hill
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