$250,000
$25K PRICE DROP

512 Long Ave Inverness, FL 34453

Estimated payment $1,610/month

Total Views 3,792
-- Bed
-- Bath
1,530 Sq Ft
$163 Price per Sq Ft

Highlights

  • No HOA
  • Vinyl Flooring
  • 1-Story Property
  • Central Heating and Cooling System

About This Home

This income-generating duplex in Inverness, FL, offers a prime investment opportunity with both units currently leased, ensuring immediate rental income. Each unit features 2 bedrooms and 1 bath, with tenants responsible for their own utilities. The property boasts a new roof, separate utility meters, septic system, and public water for added convenience. Located just 3 miles from downtown Inverness, it provides easy access to shopping, dining, and entertainment. Ideal for investors seeking steady cash flow, this well-maintained duplex combines functionality and location, making it a valuable addition to any rental portfolio. Don't miss out on this turnkey investment property!

Listing Agent

Thao Le

Century 21 J.W.Morton R.E. License #3390499 Listed on: 02/07/2025

Century 21 J.W.Morton R.E.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,005

Year Built

  • Built in 1987

Lot Details

  • 10,125 Sq Ft Lot
  • Property fronts a private road
  • Cleared Lot

Parking

  • Parking Available

Home Design

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

Interior Spaces

  • 1,530 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring
  • Electric Cooktop

Schools

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

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Inverness Acres Subdivision

Building Details

  • Operating Expense $5,415
  • Gross Income $28,200
  • Net Operating Income $22,785

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,005

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Architectural Style: One Story, Duplex
  • CapRate: 0.09
  • Directions: From Highway 44 W, North onto Forest Dr, Right onto Long Ave. Property is on the Right.
  • Unit Levels: One
  • Lot Size Acres: 0.23
  • New Construction: No
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Prop. Type: Residential Income
  • Road Frontage Type: Private Road
  • Road Surface Type: Unimproved
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: Inverness Acres
  • Year Built: 1987
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Cooktop
  • Flooring: Vinyl
  • Living Area: 1530.0

Exterior Features

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

Garage/Parking

  • Parking Features: Parking Space(s)

Utilities

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

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: 10125.0
  • Zoning: LMD

Multi Family

  • Annual Gross Income: 28200.0
  • Property Net Operating Income: 22785.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 5415.0

Tax Info

  • Tax Annual Amount: 3005.0
  • Tax Year: 2024

Map

Range of Values:

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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
08/04/2025 08/04/25 For Sale $250,000 0.0% $163 / Sq Ft
07/21/2025 07/21/25 Pending -- -- --
07/14/2025 07/14/25 Price Changed $250,000 -9.1% $163 / Sq Ft
02/07/2025 02/07/25 For Sale $274,950 +43.6% $180 / Sq Ft
06/30/2022 06/30/22 Sold $191,500 -3.8% $125 / Sq Ft
05/31/2022 05/31/22 Pending -- -- --
05/03/2022 05/03/22 For Sale $199,000 +103.1% $130 / Sq Ft
10/16/2017 10/16/17 Sold $98,000 0.0% $64 / Sq Ft
09/16/2017 09/16/17 Pending -- -- --
06/28/2017 06/28/17 For Sale $98,000 -- $64 / Sq Ft
Source: REALTORS® Association of Citrus County

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Source: REALTORS® Association of Citrus County

MLS Number: 841220

REALTORS® Association of Citrus County

APN: 12-19S-19E-0120-00340-007.0

Florida Citrus County Inverness 34453

512 Long Ave, Inverness, FL

This home is located at 512 Long Ave, Inverness, FL 34453 and is currently priced at $250,000, approximately $163 per square foot. This property was built in 1987. 512 Long Ave 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.

Nearby Homes
Thao Le
Listing Agent
Thao Le
Section Image
Century 21 J.W.Morton R.E.
(352) 703-0816