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Description
Short Sale. Investor Opportunity in Crystal River - 19 Unit Apartment ComplexRare 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
Property Highlights
Property Type: Commercial - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 1.03 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $9,139
Year Built: 1972
General Information
County: Citrus
Subdivision: CRYSTAL PARK
Listed By:
Nicki Vogiatzis
PREMIERE PROPERTIES
352-293-1908
MLS ID: W7883744
Property Features
Building: Bathrooms
Days on Site: 2
Directions: US 19 N to Crystal River. Right on NE Third Ave. Right on NE Crystal St. Right in NE 5th Ave. Properties are on the Right.
Exterior: Block
Flood Zone Code: AE
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Assumable, Cash, Other, Private Financing Available
Lot Dimensions: 1.03
Ownership: Corporation
Parking: Common
Parking Notes: Common
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Sewer: Public Sewer
Showing Instructions: Appointment Only, Call Listing Agent
Special Sale Provisions: Short Sale
Units: 19
Utilities: Electricity Available, Water Nearby
Water: Public
Water Access Y/N: No
Zoning: R3
Shown By
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740 NE 5th Avenue, Crystal River, FL 34428.
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