515 ELLA AVENUE, INVERNESS, FL 34450

Description of 515 ELLA AVENUE, INVERNESS, FL 34450

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 for 515 ELLA AVENUE, INVERNESS, FL 34450

Bathrooms Full

1

Bathrooms Half

0

Interior Features

Open Floorplan

Appliances

Range, Refrigerator

Flooring

Carpet, Other

Heating

Electric

Cooling

Wall/Window Unit(s)

Furnished

Unfurnished

Pool Private

No

Property Condition

Fixer

Direction Faces

East

Building Information for 515 ELLA AVENUE, INVERNESS, FL 34450

Building Area Total

902

Building Area Units

Square Feet

Stories Total

1

Association

No

Pets Allowed

Yes

Property Information for 515 ELLA AVENUE, INVERNESS, FL 34450

Lot Features

Irregular Lot

Lot Size Square Feet

12,859

Waterfront

No

View

Trees/Woods

Construction Materials

Wood Siding

Roof

Shingle

Exterior Features

Private Mailbox, Private Yard

Sewer

Septic Tank

Water Source

Public

New Construction

No

Public Records for 515 ELLA AVENUE, INVERNESS, FL 34450

Parcel Number

20E19S07000023235

Tax Annual Amount

$1,075

Tax Year

2025

Tax Legal Description

COM AT SW COR OF N 275 FT OF E1/2 OF SE1/4 OF SW1/4 OF SE1/4 TH N 80 FT TO STAKE TH E 36 FT S 80 FT W 36 FT TO POB DESC IN OR BK 99 PG 422 & COM AT SW COR OF N 27 5 FT OF E1/2 OF SE1/4 OF SW1/4 OF SE1/4 TH N 80 FT TO STAKE TH E 36 FT TO ANOTHER STAKE FOR POB OF LANDS HE REIN CONVEYED TH S 80 FT TO ANOTHER STAKE TH E 36 FT 5 IN TH N 80 FT MOL TO PT THAT IS E 27 FT 10 IN FROM POB TH W 27 FT 10 IN TO POB DESC IN OR BK 104 PG 559 & 1 00 FT WD STRIP BEING 50 FT WD ON EACH SD OF CTRLN OF R D BE D OF F ORMER MAIN TRACK OF S FLA RR CO EXT NW'LY FROM S LN OF SEC 715 FT MOL TO N LN OF SE1/4 OF SW1/4 OF SE 1/4 DESC IN OR BK 162 PG 358 & BEG AT NW COR OF S 385 F TO E1/2 OF SE1/4 OF SW1/4 OF SE1/4 TH E AL N LN OF SD S 385 FT OF E1/2 OF SE1/4 OF SW1/4 OF

Zoning

RO

County Or Parish

Citrus

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