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Sold for $550,000 Sold

1051 N Commerce Terrace
Lecanto, FL 34461

Single Family Home
9,840 sq ft; lot: 1.01 acres - MLS# 771962
Property Photo


Sold for $550,000 on Nov 14, 2018


Established 12 unit Apartment complex has new roofs, new parking lot new air conditioners and 4 of the units were recently renovated and ready for a new owner to take over. This apartment complex is 100% occupied all the time. Seller includes the lawn and garbage in the rent. Complex is centrally located in Lecanto just minutes from Crystal River, Inverness, Homosassa, Beverly Hills and just a 30 minute drive to Ocala. This property will not last long so don't delay call for more information or to schedule your private showing for qualified buyers. Financials will be provided for qualified buyers with a pre approval letter.


  • Community Amenities: Laundry - In Unit
  • Construction And Foundation: Frame, Siding-Vinyl
  • County/Area: Citrus County
  • Directions: Hwy 44 East Towards Lecanto To Left On Commerce To Units On The Left.
  • Elementary School: Lecanto Primary
  • Equipment And Applicances: Oven - Range, Refrigerator, Smoke Detector(S), Water Heater
  • Flooring: Carpet, Vinyl Tile
  • Heating And Cooling: Cool - Central Air, Heat - Central Electric
  • High School: Lecanto
  • Interior Features: Ceiling - Cathedral
  • Listing Status: Closed
  • Lot Features: Flat
  • Lot Size: 1.0100
  • Main Type: Multi-Residential Income
  • Middle School: Lecanto
  • Parking: Parking Spaces
  • Property Type: Single Family Home
  • Road Type: County, Paved
  • Roof: Asphalt/Fiberglass Shgl
  • Selling Agent: Jackie Davis
  • Selling Office: American Realty & Inv., Era - Inverness
  • Sold Date: 2018-11-14 00:00:00
  • Sold Price: 550000.00
  • Sq Ft Heated: 750
  • Sq.Ft.: 9840
  • Stories: 1 Story
  • Style: Ranch
  • Sub Type: Apartment Bldg
  • Subdivision: Forest Hills
  • Subdivision/Neighborhood: Forest Hills
  • Tax Amount: 8540.36
  • Tax Year: 2016
  • Total Units: 12
  • Units: 12
  • Water And Sewer: Septic-Existing, Water-Public
  • Year Built: 1984
  • Zip Code: 34461
  • Zoning: MDR


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Larry & Frances Swain
Team Swain
Tropic Shores Realty

2950 W Gulf to Lake HWY
Lecanto, FL 34461
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Larry & Frances Swain | 352-302-2300 | Email Us
2950 W Gulf to Lake HWY - Lecanto, FL 34461
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