1259 S Elmwood Drive, Inverness, FL 34450

Building Details

Year Built

1970

Listing office Tropic Shores Realty LLC r***@gmail.com Show Phone

Listing date May 18, 2025

Source Xome

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Overview

This waterfront property features ten completely renovated units, including one efficiency, eight one-bedroom units, and one two-bedroom unit. There are also two additional two-bedroom units framed and ready to be finished, offering the potential for additional income. The property has undergone extensive renovations, including a new septic system, a completely new electrical system with a sub-panel per unit, and a new plumbing system. New AC units with foam insulation have been installed on the roofing, along with new water tanks and a filtration system. The interiors feature new cabinets, flooring, fixtures, appliances, and paint. Exterior renovations and painting have also been completed. The property offers an excellent investment opportunity with the potential for high income generation, especially with the possibility of using the units as Airbnb rentals, given the boat ramp access to a chain of lakes. The property size is 5400 square feet.

Suggested Use

Restaurant Building Supply Electronics & Wireless Store Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Plumbing Service Garden Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Inverness

County

Citrus

State

Florida

Longitude

-82.2851971

Latitude

28.8436924

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FAQs

What type of property is this?

Apartment building - Renovated waterfront apartments with potential for high income generation.

Where is this apartment building located?

The property is located at 1259 S Elmwood Drive Inverness, FL.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Waterfront property with boat ramp access to a chain of lakes, potentially ideal for Airbnb and high rental income.; Ten completely renovated units, including a mix of efficiency, one‑bedroom, and two‑bedroom apartments, ready for immediate occupancy.; Two additional 2‑bedroom units framed and ready to be finished, offering potential for increased income.