Description
Short Sale. Investor Opportunity in Crystal River – 19 Unit Apartment Complex Rare redevelopment opportunity in the heart of Crystal River. This 19-unit apartment building offers incredible potential for investors, developers, or builders looking to capitalize on the growing demand for housing in this highly desirable Gulf Coast community. The property sustained significant hurricane damage and is being sold as-is, presenting a prime chance to renovate, rebuild, or reimagine the site to maximize its income potential. Situated in an area known for its natural beauty, tourism, and waterfront lifestyle, the location continues to attract residents, seasonal visitors, and long-term tenants alike. With strong rental demand in Citrus County and limited multifamily inventory, this property provides the opportunity to restore a 19-unit income-producing asset or redevelop the site entirely. Conveniently located near local shops, dining, marinas, and the famous springs and outdoor attractions that make Crystal River such a sought-after destination. Property consists of (2) 7 PLEXES, (2) DUPLEXES, (1) SFR
Details
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Property ID W7883744
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Price $1,285,000
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Property Size 20648 Sqft
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Land Area 1.03 Acres
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Year Built 1972
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Property Type Multi-Family 5+, Commercial Sale
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Property Status Canceled
Additional details
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Listing Terms Assumable, Cash, Other, Private Financing Available
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Roof Shingle
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Utilities Electricity Available, Water Nearby
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Sewer Public Sewer
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Cooling Central Air
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Heating Central
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County Citrus
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Property Type Commercial Sale
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Parking Common
Address
Open on Google Maps-
Address: 740 NE 5TH AVENUE
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City: Crystal River
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State/county: FL
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Zip/Postal Code: 34428
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Country: US
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