740 NE 5TH AVENUE CRYSTAL RIVER FL 34428 MLS #W7883744

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