Waterfront Apartments on Gulf to
1259 S ELMWOOD Drive, Inverness, FL 34450
COMMERCIAL - Inverness, FL
Property size:
5,400 SFLot size:
0.66 AcresPrice / SF:
$222/SF- Added:
- Oct 4, 2025
- Days on Market:
- 223
- Last Refresh:
- May 14 at 7:06 pm
Property Features for 1259 S ELMWOOD Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 12
- Rooms
- Bathroom 7, Bathroom 5, Bathroom 10, Bathroom 3, Bathroom 2, Bathroom 9, Bathroom 11, Bathroom 6, Bathroom 1, Bathroom 4, Bathroom 8, Bathroom 12
- Parking features
- Assigned
- Standard status
- Active
- Size
- 5,400 SF
- Lot size
- 0.66 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 7190
Utilities
- Sewer type
- Septic Tank
- Water source
- Well
- Water front
- 1
Building Details
- Year built
- 1970
- Floors in Building
- 2
- Number of units
- 8
- Building materials
- Block, Frame, Stucco
- Roof type
- Metal
Listing agent Ron Valure License #3219711 (352) 684-7371
Listing office Tropic Shores Realty LLC 3441 Deltona Boulevard, Spring Hill, FL (352) 684-7371
Listing date Oct 4, 2025
MLS# 2255964
Copyright © 2026 Hernando County Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Waterfront property with boat ramp access to a chain of lakes, offering potential for high income through Airbnb.
- Ten completely renovated units (efficiency, eight 1‑bedroom, one 2‑bedroom) ready for immediate rental income.
- Two additional 2‑bedroom units framed and ready to be finished, providing opportunity for increased income.
- Substantial investment in new infrastructure: septic system, electrical system (sub panel per unit), plumbing system, AC units with foam insulation, water tanks and filtration system.
- Significant upgrades to interiors including cabinets, flooring, fixtures, appliances, and painting.
- Exterior renovations and painting completed.
Overview
A collection of ten completely renovated apartment units is available for sale. The property includes one efficiency unit, 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 completely new septic system, a new electrical system with a sub-panel for each unit, and a new plumbing system. New AC units have been installed, and the roofing has foam insulation. The property also features new water tanks and a filtration system. Interior renovations include new cabinets, flooring, fixtures, appliances, and painting. Exterior renovations and painting have also been completed. The property is located on the waterfront with a boat ramp leading to a chain of lakes, presenting a potential opportunity for Airbnb rentals. The property is located in Inverness, Florida, on a 0.66-acre lot. The building size is 5,400 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Inverness
- County
- Citrus
- State
- Florida
- Longitude
- -82.2851971
- Latitude
- 28.8436924
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Renovated waterfront apartments with potential for high income.
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, offering potential for high income through Airbnb.; Ten completely renovated units (efficiency, eight 1‑bedroom, one 2‑bedroom) ready for immediate rental income.; Two additional 2‑bedroom units framed and ready to be finished, providing opportunity for increased income.
