515 ELLA AVE, INVERNESS, FL, 34450
$72,111
Residential
Bedrooms
2
Bathrooms
1
Living Area
902 Sqft
Lot Size
12,859 Sqft
Investor opportunity with RO (Residential/Office) zoning located just minutes from downtown Inverness. This 2-bedroom, 1-bathroom property is in need of substantial repairs and is being sold strictly as-is for cash buyers only. The home requires a new roof as soon as possible and has foundation issues that will need to be addressed. A portion of the living room was enclosed to create a flex space that may function as a third bedroom. Atleast two rooms have visible ceiling water damage, and there may be subfloor damage beneath stored personal property currently occupying those areas. Tarps are presently installed on the roof to help prevent additional water intrusion. The property does not have central air conditioning and is cooled by window units only. The condition of the plumbing and electrical systems is unknown. The interior shower is currently non-operational, and an outdoor shower is being used instead. Seller does not occupy the property and makes no representations regarding the condition of the home. Information provided is based on public records; buyers and buyer's agents are responsible for conducting all due diligence. The property is tenant occupied. Do not disturb tenants and do not visit the property without an appointment. Showings will be limited and are expected to occur primarily on weekends, as the tenant must be present during showings. The shed does not convey with the sale. Tenant indicates vehicles on the property will be removed prior to closing; however, any personal property remaining after closing will become the responsibility of the buyer. Conveniently located near shopping, restaurants, parks, public boat ramps, fishing, boating, and other outdoor recreation. RO zoning is intended to accommodate residential use alongside certain low-impact professional and administrative office uses; buyers should verify all permitted uses with the local zoning department. Cash offers only. Must use seller’s title company, Legal Counsel PA in Winter Garden, for closing with no exceptions. Preferred earnest money deposit is $7,500. Inspection period not to exceed 3 days. Closing to occur in 35 days of accepted contract. Assignment of contract is not permitted.
Property Details
Property Features Property Features
MLS ID: MFROM727203 Year Built: 1945
Appliances: Range, Refrigerator Construction Materials: Wood Siding
Cooling: Wall/Window Unit(s) Country: US
County Or Parish: Citrus Direction Faces: East
Exterior Features: Private Mailbox, Private Yard Flooring: Carpet, Other
Foundation Details: Pillar/Post/Pier Furnished: Unfurnished
Heating: Electric Laundry Features: Electric Dryer Hookup, Outside, Washer Hookup
Levels: One Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash Lot Features: Irregular Lot
Occupant Type: Tenant Other Equipment: Private Yard
Pets Allowed: Yes Possession: Close Of Escrow
Property Condition: Fixer Property Sub Type: Single Family Residence
Property Type: Residential Road Surface Type: Paved
Roof: Shingle Sewer: Septic Tank
Showing Requirements: ShowingTime Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Utilities: Cable Available, Electricity Connected, Water Connected View: Trees/Woods
Water Source: Public
Rooms Rooms
Primary Bedroom: Primary Bathroom:
Kitchen: Living Room:
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