740 NE 5TH AVE Crystal River, FL 34428
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Pending
Purchase Type For Sale
Square Footage 20,648 sqft
Price per Sqft $62
Subdivision Crystal Park
MLS Listing ID W7883744
Construction Status Fixer
HOA Y/N No
Year Built 1972
Annual Tax Amount $9,139
Lot Size 1.030 Acres
Acres 1.03
Lot Dimensions 100x182
Property Sub-Type Multi-Family 5+
Source Stellar MLS
New Construction false
Property Description
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
Location
State FL
County Citrus
Community Crystal Park
Area 34428 - Crystal River
Zoning R3
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features Common
Utilities Available Electricity Available, Water Nearby
Roof Type Shingle
Building
Story 1
Foundation Slab
Lot Size Range 1 to less than 2
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Fixer
Others
Ownership Corporation
Acceptable Financing Assumable, Cash, Other, Private Financing Available
Listing Terms Assumable, Cash, Other, Private Financing Available
Special Listing Condition Short Sale
Virtual Tour https://www.propertypanorama.com/instaview/stellar/W7883744
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