740 NE 5TH AVE, CRYSTAL RIVER, FL, 34428
$1,285,000
Commercial Sale
Living Area
20,648 Sqft
Lot Size
44,711 Sqft
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
Property Details
Property Features Property Features
MLS ID: MFRW7883744 Year Built: 1972
Building Features: Bathrooms Construction Materials: Block
Cooling: Central Air Country: US
County Or Parish: Citrus Foundation Details: Slab
Heating: Central Listing Agreement: Exclusive Right To Sell
Listing Terms: Assumable, Cash, Other, Private Financing Available Occupant Type: Vacant
Parking Features: Common Possession: Close Of Escrow
Property Condition: Fixer Property Sub Type: Multi-Family 5+
Property Type: Commercial Sale Road Frontage Type: City Street
Road Surface Type: Asphalt Roof: Shingle
Sewer: Public Sewer Showing Requirements: Appointment Only, Call Listing Agent
Special Listing Conditions: Short Sale Standard Status: Active
State Or Province: FL Utilities: Electricity Available, Water Nearby
Water Source: Public
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