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1259 S Elmwood Drive, 
Inverness, FL 34450

$1,200,000

—

Bed

—

Bath

5,616

Sq Ft

Multi-Family

Active

Listed by

Ron Valure

Tropic Shores Realty LLC.

352-684-7371

Last updated:

March 9, 2026, 02:27 PM

MLS#

852723

Source:

FL CMLS

About This Home

1259 S Elmwood Drive

***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 look!

Home Facts

Multi-Family

Built in 1970

Price Summary

1,200,000

$213 per Sq. Ft.

MLS #:

852723

Last Updated:

March 9, 2026, 02:27 PM

Added:

10 day(s) ago

Rooms & Interior

Interior

Living Area:

5,616 Sq. Ft.

Structure

Structure

Architectural Style:

Multi Level

Building Area:

5,616 Sq. Ft.

Year Built:

1970

Lot

Lot Size (Sq. Ft):

28,749

Finances & Disclosures

Finances

Price:

$1,200,000

Price per Sq. Ft:

$213 per Sq. Ft.

Source:FL CMLS
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed accurate by the MLS, and Copyright 2026 Cheyenne MLS.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.