Active

$650,000

Features:
  • 0 Bedrooms
  • 0 Bathrooms
  • 4020 sq ft
Overview
  • ID: MFROM709865
  • Bedrooms: 0
  • Bathrooms: 0
  • Size: 4020 sq ft
Property Details
Remarks
Welcome to an exceptional investment opportunity only a mile from Downtown Ocala! This renovated quadplex features four identical 2-bedroom, 1.5-bathroom units, each thoughtfully designed with quality finishes and modern upgrades. Each unit boasts a spacious layout, low maintenance kitchens with stainless steel appliances, stylish bathrooms, and in-unit laundry. Investors will be impressed by the financial performance of this property, offering a remarkable monthly rental income of $1,500/unit and an annual income of $72,000. One unit is currently used as an Airbnb and in 2024 produced $33,000, raising the potential income of the total property to $130,000+. Three units are currently vacant due to FULL REMODELS. Operating expenses are minimal, with landscaping at $100/mo and no other regular expenses. This property provides excellent cash flow and significant long-term appreciation potential. Preapproval or proof of funds is required. Don’t miss the opportunity to own this profitable and low-maintenance investment in a highly desirable area!
Financial Considerations
Price:
$650,000
HOA Fee:
N/A
Tax Amount:
$9113.77
Price per SqFt:
$161.69
Tax Legal Description:
SEC 17 TWP 15 RGE 22 PLAT BOOK A PAGE 101 OAK PARK CALDWELLS ADD OCALA BLK C LOT 8 & THE S 10 FT OF ALLEYWAY LYING N OF LOT 8
Exterior Features
Lot Size:
15246
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
0
Bathrooms:
0
Heating:
Central
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1978
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Fence
Additional Features 2:
N/A
Map
  • Address
    1023 NE 2ND ST #1
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