1259 South Elmwood Drive

Inverness, FL 34450

$525,000
Last Sold Price
Beds
3,900 Sq. Ft.
$135 / Sq. Ft.
3,900
Sq. Ft.
$135
per Sq. Ft.

Description

Back on market! Buyers financing fell through! Their loss, your gain! Calling all investors! to this fantastic investment opportunity! Multi-Family (5 rental units, all currently occupied) + potential 6th unit that was framed out but never finished. There is a separate garage/warehouse that can also be leased & 1 large office space that all needs TLC. Only one unit has been renovated. Septic is new & there is a boat ramp/lake access. Will go fast!Back on market! Buyers financing fell through! Their loss, your gain! Calling all investors! to this fantastic investment opportunity! Multi-Family (5 rental units, all currently occupied) + potential 6th unit that was framed out but never finished. There is a separate garage/warehouse that can also be leased & 1 large office space that all needs TLC. Only one unit has been renovated. Septic is new & there is a boat ramp/lake access. Will go fast!
  1. Listed by Stephany Guzman • HOMESPHERE REALTY, LLC

Property Details for 1259 South Elmwood Drive

Subdivision Name
HICKORY HILL RETREATS UNIT 02
Township
19S
Waterfront
No
Water View
Lake

Location

Listing Courtesy of HOMESPHERE REALTY, LLC, Stephany Guzman

Sold By TROTTER REALTY, Sarah Jenkins

Add your commute
LISTING UPDATED: 06/30/2022 10:39 AM

Property Details for 1259 South Elmwood Drive

StatusSold
MLS #T3362342
Days on Market90
Taxes$3,754 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1970
Lot Size0.66 AC / 28,711 SF
CountyCitrus County

Location

Listing Courtesy of HOMESPHERE REALTY, LLC, Stephany Guzman

Sold By TROTTER REALTY, Sarah Jenkins

Add your commute

Building Information for 1259 South Elmwood Drive

Stories-Residences5Year Built1970Building Size-Lot Size0.66 AC / 28,711 SF

Payment Calculator

$3,178 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,865

Property Taxes

$313

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1259 South Elmwood Drive

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: Merge onto FL-589 N (Portions toll). Take the FL-50 exit, EXIT 46, toward Brooksville/Weeki Wachee. Turn right onto Cortez Blvd/FL-50. Cortez Blvd/FL-50 becomes W Jefferson St/FL-50A. Turn right onto N Mildred Ave/US-41 S/US-98 E/FL-45/FL-50A. N Mildred Ave is 0.1 miles past Ponce De Leon Blvd Turn slight left onto N Mildred Ave/US-98 E/FL-50A. Continue to follow US-98 E/FL-50A. US-98 E/FL-50A becomes US-41 N/FL-45. Turn right onto E Gulf To Lake Hwy/FL-44. Turn left onto S Elmwood Dr. 1259 S Elmwood Dr, Citrus, FL, 34450-5255, 1259 S ELMWOOD DR is on the right.
  • Mls Major Change Type: Sold
  • Major Change Type: Closed
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 1259
  • Street Direction Prefix: S
  • Street Name: ELMWOOD
  • Street Suffix: DRIVE
  • State: FL
  • City: INVERNESS
Parking
  • Carport: No
  • Garage: No
  • Parking Features: Common
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: 4
  • Tax Book Number: 3-75
  • Tax Legal Description: HICKORY HILL RETS UNIT 2 PB 3 PG 75 LOTS 5, 6 & 7 BLK 4
  • Tax Lot: 5
  • Tax Year: 2021
Property
Lot Information
  • Additional Parcels: No
  • Lot Size Dimensions: 80x120
  • Parcel Number: 20E-19S-11-0020-00040-0050
  • Total Acreage: 1/2 to less than 1
  • Total Num Buildings: 1
  • Water Access: Lake
  • Water Access: Yes
  • Water Extras: Boat Ramp - Private
  • Water Extras: Yes
  • Water: Boat Ramp - Private
  • Zoning: CLC
  • Living Area: 3900
  • Lot Dimensions: 80x120
Property and Assessments
  • Year Built Numeric: 1970
  • Flood Zone Code: X
  • New Construction: No
  • Public Survey Range: 20E
  • Public Survey Section: 11
Utilities
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Public
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block
  • Exterior Features: Awning(s)
  • Foundation Details: Slab
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Cooling: Wall/Window Unit(s)
  • Fireplace: No
  • Heating: Electric
  • Interior Features: Kitchen/Family Room Combo
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: Yes
Multi Family
Multi-Family Information
  • Annual Expenses: $10,000
  • Annual Net Income: $48,600.00
  • Est Annual Market Income: $56,400.00
  • Unit Count: 3
Unit 1
  • Unit Type Number Of Units Occupied 1: 1
  • Unit Type Pro Forma 1: 800
  • Unit Type Type 1: 2 Bed/2 Bath
  • Unit Type Units Total 1: 1
Unit 2
  • Unit Type Number Of Units Occupied 2: 1
  • Unit Type Pro Forma 2: 850
  • Unit Type Type 2: 1 Bed/1 Bath
  • Unit Type Units Total 2: 1
Unit 3
  • Unit Type Number Of Units Occupied 3: 3
  • Unit Type Pro Forma 3: 800
  • Unit Type Type 3: 1 Bed/1 Bath
  • Unit Type Units Total 3: 3

Property History for 1259 South Elmwood Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1259 South Elmwood Drive

Taxable ValueLand$43,500Additions$389,890Total$433,390
Tax Record2023$6,829 ($569 / month)
Home Facts
Baths6Total Finished SqFt5,160 SqFtAbove Grade Finished SqFt5,160 SqFtStories1Lot Size9,200 SqFtStyleMulti-Family Dwelling (2-4)Year Built1970Year Renovated1998ZoningCLC COASTAL LCountyCITRUSAPN20E-19S-11-0020-00040-005.0

Schools near 1259 South Elmwood Drive

This home is within Citrus.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Inverness Primary School
PublicPK to 5

Inverness Middle School
Public6 to 8

Citrus High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of HOMESPHERE REALTY, LLC, Stephany Guzman

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 06/30/2022 10:39 AM