$260,000
SOLD OCT 1, 2024

1303 S Border Ave Unit A Inverness, FL 34452

-- Bed
-- Bath
1,630 Sq Ft
9,670 Sq Ft Lot

Recently Sold

$160 Per Sq Ft

21% Below List Price

54 Days on Market

Highlights

  • No HOA
  • Rectangular Lot
  • 1-Story Property
  • Central Heating and Cooling System
  • Carpet

About This Home

As of October 2024

An incredible TURNKEY investment opportunity within the City of Inverness. This duplex has long term tenants with strong references promising instant cashflow. Each unit has two bedrooms and one bathroom. Property is currently on well and septic and neighboring other multifamily properties. Recent updates include an AC change out in 2018 and a reroof in 2022. Property also has a small side and back yard along with an attached parking lot for tenants. LOCATION LOCATION LOCATION. Conveniently located minutes from down town inverness for all your needs, entertainments, and opportunities. This is a solid unit with a steady production history. Also see listing OM682796 for two adjacent lot purchases.

Last Agent to Sell the Property

Michael Buteau, Jr

LPT Realty, LLC License #3529115 Listed on: 07/26/2024

LPT Realty, LLC

Last Buyer's Agent

Lynn Harris

ERA American Suncoast Realty License #3435328

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,382

Year Built

  • Built in 1984

Lot Details

  • 9,670 Sq Ft Lot
  • Lot Dimensions are 75x129
  • Rectangular Lot

Home Design

  • Duplex
  • Block Foundation
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 1,630 Sq Ft Home
  • 1-Story Property
  • Carpet

Kitchen

  • Electric Oven
  • Electric Cooktop

Parking

  • Private Parking
  • Paved Parking
  • Parking Lot

Schools

  • Pleasant Grove Elementary School
  • Inverness Middle School
  • Citrus High School

Utilities

  • Central Heating and Cooling System
  • Well
  • Septic Tank

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • City Of Inverness Subdivision

Building Details

  • Insurance Expense $2,760
  • Operating Expense $5,160
  • Gross Income $26,400
  • Net Operating Income $21,240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,382

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Architectural Style: One Story, Duplex
  • CapRate: 0.08
  • Directions: From East Gulf to Lake Hwy turn right on Crystal Blvd; then follow into curve of S Border Ave; property is on left.
  • Unit Levels: One
  • Lot Size Acres: 0.22
  • Lot Size: 75x129
  • New Construction: No
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Prop. Type: Residential Income
  • Road Frontage Type: City Street
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: City of Inverness
  • Year Built: 1984
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Cooktop, Electric Oven, Electric Range, Refrigerator
  • Flooring: Carpet, Tile
  • Living Area: 1630.0
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Stucco
  • Foundation Details: Block, Slab
  • Lot Features: Rectangular
  • Pool Features: None
  • Roof: Asphalt, Shingle
  • Waterfront: No

Garage/Parking

  • Parking Features: Paved, Parking Lot, Private

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Pleasant Grove Elementary
  • High School: Citrus High
  • Middle Or Junior School: Inverness Middle

Lot Info

  • Lot Size Sq Ft: 9670.0
  • Zoning: LD
  • ResoLotSizeUnits: Acres

Multi Family

  • Annual Gross Income: 26400.0
  • Insurance Expense: 2760.0
  • Property Net Operating Income: 21240.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 5160.0

Tax Info

  • Tax Annual Amount: 2382.48
  • Tax Year: 2023

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2024 10/01/24 Sold $260,000 -13.0% $160 / Sq Ft
09/18/2024 09/18/24 Pending -- -- --
09/10/2024 09/10/24 Price Changed $299,000 -9.1% $183 / Sq Ft
07/26/2024 07/26/24 For Sale $329,000 -- $202 / Sq Ft
Source: REALTORS® Association of Citrus County

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Michael Buteau, Jr

    LPT Realty, LLC

    (352) 364-2213

    81 Total Sales

    Michael Buteau, Jr
    Section Image
  • Lynn Harris

    Buyer's Agent in 2024

    Lynn Harris

    ERA American Suncoast Realty

    (352) 269-8499

    320 Total Sales

    Lynn Harris
    Section Image
See All Agents

Map

Source: REALTORS® Association of Citrus County

MLS Number: 836168

REALTORS® Association of Citrus County

Florida Citrus County Inverness 34452

1303 S Border Ave Unit A, Inverness, FL

This home is located at 1303 S Border Ave Unit A, Inverness, FL 34452 and is currently priced at $260,000, approximately $159 per square foot. This property was built in 1984. 1303 S Border Ave Unit A is a home located in Citrus County with nearby schools including Pleasant Grove Elementary School, Inverness Middle School, and Citrus High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTORS® Association of Citrus County 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.

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