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
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
Features
Building and Construction
Covered Spaces: 0.00
Living Area: 20648.00
Roof: Shingle
Property Information
Property Condition: Fixer
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Parking Features: Common
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Cooling: Central Air
Heating: Central
Road Frontage Type: City Street
Sewer: Public Sewer
Utilities: Electricity Available, Water Nearby
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2025
Other Features
Country: US
Legal Description: CRYSTAL TERRACE CONDO AKA TOWNSITE OF CRYSTAL PARK LOTS 35 36 37 38 & 39
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