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
- Interior
- Open Floorplan
- Heating
- Electric
- Cooling Features
- Wall/Window Unit(s)
- Bedrooms
- 2
- Bathrooms
- 1.0
- Full Baths
- 1
- View
- Trees/Woods
- Lot Features
- Irregular Lot
- Stories
- 1
- Lot Description
- Irregular Lot
- Exterior Materials
- Private Mailbox, Private Yard
- Acres
- 0.3
- Square Feet
- 902.0
- Property Type
- Purchase
- Year Built
- 1945
- Foundation
- Pillar/Post/Pier
- Roof
- Shingle
- Sewer Information
- Septic Tank
- Utility Source
- Public
- Utility Features
- Cable Available, Electricity Connected, Water Connected
- Appliances
- Range, Refrigerator
- Subdivision
- NOT IN A SUBDIVISION
- County
- Citrus
- Region
- INVERNESS
- Zoning
- RO
- Original List Price
- $72,111
- Days on Market (Cumulative)
- 78
- Taxes Annual
- $1,075
- Ownership
- Fee Simple
- MLS #
- OM727203
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: George Fleischmann | AveNew Realty
Provided By
Listed by Ashley Grieg (#MFR271516824)
Listing Office: REAL BROKER, LLC (#MFR805521714)
