1259 S Elmwood Drive, Inverness, FL 34450

Inverness
Local realty services provided by:ERA American Suncoast
1259 S Elmwood Drive,Inverness, FL 34450
$1,200,000
  • - Beds
  • - Baths
  • 5,616 sq. ft.
  • Multi-family
  • Active
Listed by: ron valure
Office: tropic shores realty llc.
MLS#:852723
Source:FL_CMLS

Price summary

  • Price:$1,200,000
  • Price per sq. ft.:$213.68

About this home

***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

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Home facts

  • Year built:1970
  • Listing ID #:852723
  • Added:1 day(s) ago
  • Updated:February 28, 2026 at 02:45 AM

Rooms and interior

  • Kitchen Description:Electric Cooktop, Refrigerator
  • Living area:5,616 sq. ft.

Heating and cooling

  • Cooling:Central Air

Structure and exterior

  • Roof:Metal
  • Year built:1970
  • Building area:5,616 sq. ft.
  • Lot area:0.66 Acres
  • Lot Features:Cleared
  • Architectural Style:Multi Level
  • Construction Materials:Block, Concrete
  • Foundation Description:Block

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,200,000
  • Price per sq. ft.:$213.68
  • Tax amount:$8,012 (2025)
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